What is Data Extraction Software?
Data extraction software implies the process of cleaning, restructuring, and enhancing the available raw data into the desired format to improve the decision-making capability of the organization. In addition, data extraction software helps companies and employees to improve the productivity of the organization and to provide enhanced security features to the company’s valuable data. Numerous advantages provided by data extraction software include structuring huge amounts of data, improving the accuracy of the data, and providing easy access to large volumes of data.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), SAS Institute, Inc. (United States), Alteryx, Inc. (United States), Altair Engineering Inc. (United States), Fair Isaac Corporation (United States), Matillion Ltd. (United Kingdom), SAP SE (Germany) and Teradata Corporation (United States) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Software and services) , by application (Web Scraping, Text Extraction and Data Transformation) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Extraction Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Data Extraction Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Microsoft Corporation (United States), Oracle Corporation (United States), IBM Corporation (United States), SAS Institute, Inc. (United States), Alteryx, Inc. (United States), Altair Engineering Inc. (United States), Fair Isaac Corporation (United States), Matillion Ltd. (United Kingdom), SAP SE (Germany) and Teradata Corporation (United States).
Market Overview:
In Mar. 21,2023 – Accenture (NYSE: ACN) has agreed to acquire industrial artificial intelligence (AI) company Flutura, headquartered in Bangalore, India. Flutura will strengthen Accenture’s industrial AI services to increase the performance of plants, refineries, and supply chains while also enabling clients to accomplish their net zero goals faster.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Emerging Trend of Adopting Virtual Data Warehousing
Market Growth Drivers:
Surge in Adoption of Big Data and Business Analytics Software by Multiple Organizations and need for Dedicated Storage System for Growing Volume Of Data Across the Globe and Increasing Adoption of the AI and Machine Learning in the Data Extraction Software
Challenges:
Increasing Cybercrime in the IT Industry.
Restraints:
Lack of Skilled Professionals
Opportunities:
Increasing Demand From Education and End-Use Industry
Key highlights of the Global Data Extraction Software market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Data Extraction Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Data Extraction Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Data Extraction Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Data Extraction Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Data Extraction Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Data Extraction Software Providers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.