PUBLISHER: The Business Research Company | PRODUCT CODE: 1686001
PUBLISHER: The Business Research Company | PRODUCT CODE: 1686001
Data extraction software refers to a category of computer programs or tools specifically crafted to retrieve both structured and unstructured data from diverse sources and convert it into a format suitable for analysis, reporting, or other applications. Widely employed in business, research, and data analysis, this software streamlines the automation of collecting data from various locations, including websites, databases, documents, and even legacy systems.
The primary components of data extraction software encompass tools and services. Data extraction software tools are applications or platforms designed to retrieve, transform, and transfer data from diverse sources into a structured format for subsequent analysis, reporting, or storage. These tools can be deployed in various modes, such as cloud and on-premises, catering to the needs of both large enterprises and small to medium enterprises (SMEs). End users of this software span across sectors, including banking, financial services, and insurance (BFSI), retail, IT and telecommunication, manufacturing, medical and healthcare, government and public sector, and other verticals.
The data extraction software market research report is one of a series of new reports from The Business Research Company that provides data extraction software market statistics, including data extraction software industry global market size, regional shares, competitors with data extraction software market share, detailed data extraction software market segments, market trends, and opportunities, and any further data you may need to thrive in the data extraction software industry. This data extraction software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The data extraction software market size has grown rapidly in recent years. It will grow from $1.76 billion in 2024 to $2.01 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to military modernization programs, increasing threats and conflicts, interoperability requirements, special operations and urban warfare, focus on network-centric warfare.
The data extraction software market size is expected to see rapid growth in the next few years. It will grow to $3.64 billion in 2029 at a compound annual growth rate (CAGR) of 15.9%. The growth in the forecast period can be attributed to integration of artificial intelligence, adoption of software-defined radios, unmanned systems integration, enhanced range and connectivity, multi-domain operations. Major trends in the forecast period include cybersecurity concerns, technology advancements, advanced encryption and cybersecurity, miniaturization and lightweight designs, spectrum-efficient technologies.
The anticipated surge in unstructured data amounts is poised to drive the expansion of the data extraction software market in the foreseeable future. Unstructured data, characterized by the absence of a predefined data model or organization, presents challenges in analysis, requiring specialized tools for processing and extraction. Data extraction software plays a crucial role in automating processes and extracting valuable insights from unstructured data by converting it into a structured format suitable for business intelligence (BI) and analytics applications. Komprise, a US-based provider of unstructured data management surveys, conducted a survey in August 2022 with 1,000 employees, revealing that 87% of IT leaders considered managing unstructured data growth a top priority in 2022, up from 70% in 2021. Additionally, approximately 65% of organizations either plan to or are already delivering unstructured data to their big data analytics platforms. Consequently, the rise in unstructured data amounts is a key driver for the data extraction software market.
The increasing trend of digitization is anticipated to drive the growth of the data extraction software market in the future. Digitization involves converting analog information-such as physical documents, images, and sound recordings-into digital data that can be stored and processed. This process enhances data extraction software, allowing it to efficiently capture and convert valuable information from various sources, including documents and images, into digital formats. This capability facilitates streamlined data analysis, informed decision-making, and automation, ultimately improving productivity and data accessibility. For example, in 2023, the European Investment Bank, a long-term finance institution of the European Union based in Luxembourg, reported that 42% of European firms increased their investments in digitalization in 2022, which represents a 9-percentage point rise compared to 2021. In contrast, 50% of firms in the United States also pursued further investments in digitalization during the same period. Thus, the growing trend of digitization is propelling the growth of the data extraction software market.
Major companies in the data extraction software market are prioritizing innovative technological solutions, such as cloud-based AI technologies, to offer tailored services to their customers. Cloud-based AI technology involves the use of AI tools and applications that are hosted and delivered through cloud computing infrastructure. For example, in February 2023, Kofax, a U.S.-based software company, announced the launch of TotalAgility 7.11, a low-code Intelligent Automation Platform. This latest version includes several enhancements, such as improved Intelligent Document Processing (IDP), new low-code design features, and advanced DevSecOps capabilities. TotalAgility 7.11 is designed to help businesses effectively manage critical unstructured data from the outset and promote automation adoption among developers and business users, all while securely scaling automation within cloud environments.
In January 2023, Scaleworks, a US-based B2B SaaS-focused venture equity firm, acquired Import.io Ltd. for an undisclosed amount. This acquisition positions Scaleworks to broaden its portfolio by addressing complex web data extraction challenges and providing essential services to its customers. Import.io Ltd., a US-based software company, specializes in offering web data extraction software for enterprises and customers.
Major companies operating in the data extraction software market report are International Business Machines Corporation, UiPath Inc., Hyland Software Inc., Talend Inc., Nintex USA Inc., Fivetran Inc., Hevo Data Inc., Astera Software Corporation, Skyvia Inc., Oxylabs, Nano Net Technologies Inc., AIMLEAP Inc., Ocrolus Inc., Square 9 Softworks, Lexion, Alkymi Inc., Adverity, Bright Data Ltd., Grepsr, AmazingHiring Inc., QuickScraper, ProWebScraper, Scraping Fish, Crawlbase, Extract Systems, Simpleindex
North America was the largest region in the data extraction software market in 2024. The regions covered in the data extraction software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the data extraction software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The data extraction software market consists of revenues earned by entities by providing services such as data integration, data cleaning, and support and maintenance services. The market value includes the value of related goods sold by the service provider or included within the service offering. The data extraction software market also includes sales of hard drives, graphics processing units, and CPUs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Data Extraction Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on data extraction software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for data extraction software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The data extraction software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.