About Data Extraction Service
Data extraction service providers provide data extraction and export services to businesses. Data extraction, also known as web scraping, is the process of scraping data from a website or other sources, such as online forms, emails, and others, using web scraping tools. Web scraping tools simulate data scraping by gathering specific pieces of information from the source. Data extraction services enable businesses to outsource their extraction needs to experts and technicians who accurately sort through web pages, databases, documents, images, and folders. Users can submit their requirements as well as their data sources to these data extraction service providers, who will handle the entire extraction process on their behalf. Data extraction services assist in tapping into the vast data resources available online or within internal sources and extracting the data to benefit the business. It is a guide to data extraction services to help you with data management. The data could be used for a variety of purposes, including increasing sales, decreasing expenses, getting to know your customers better, increasing employee productivity, enhancing organizational efficiency, providing insights, and answering simple questions with difficult answers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for data extraction services is expected to expand as industrial verticals expand. The increasing generation of massive amounts of data in a variety of industrial verticals is driving market demand. Several companies are operating in the market to provide data extraction services with varying features and unique offerings. The market is highly fragmented, with numerous market players. They are gaining popularity due to their innovative and novel portfolio. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Extraction Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alteryx, Inc. (United States), Altair Engineering Inc. (United States), Fair Isaac Corporation (United States), IBM Corporation (United States), Microsoft Corporation (United States), Matillion Ltd. (United Kingdom), Oracle Corporation (United States), SAS Institute, Inc. (United States), SAP SE (Germany) and Teradata Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are KNIME AG (Switzerland), RapidMiner, Inc. (Germany), MathWorks, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Data Extraction Service market by , Application (Large Enterprises and Small & Medium Enterprises) and Region.
On the basis of geography, the market of Data Extraction Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Data Extraction Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Data Type, the sub-segment i.e. Unstructured will boost the Data Extraction Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Data Sources, the sub-segment i.e. Internal Data Sources will boost the Data Extraction Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. IT & Telecommunication will boost the Data Extraction Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Adoption of Virtual Data Warehousing and Need for Data Extraction Service
Market Growth Drivers:
Growing Industrial Expenditure of healthcare, IT & Telecommunication, Media & Entertainment and BFSI and Increasing Unstructured Data Generation
Challenges:
Complexity in Data Extraction from Several Sources and Limitations on Security offered by Data Service
Restraints:
Increasing Concern Regarding Safety Concern of Data and Problems with the Data Extraction Service with the use of Data Centers
Opportunities:
Growing Technological Advancements with AI in Data Extraction Service and Increasing Need of Storage System for Maintaining Huge Volume of Data
Market Leaders and their expansionary development strategies
On 7th February 2022, Alteryx, Inc., the Analytics Automation Company, announced the completion of its acquisition of Trifacta, a San Francisco-based firm that provides cloud-first capabilities to assist enterprises in driving their analytics transformation at scale. Trifacta has established a strong presence in the Global 2000 and large enterprises. Alteryx will be uniquely positioned as a result of the acquisition to provide large enterprises with an integrated end-to-end, low code/no code analytics automation platform in the cloud, serving the needs of the entire enterprise data analytics teams, IT/data engineering teams, and business users.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Data Extraction Service Suppliers & Distributors, Regulating Authorities and Policymakers, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.