The global lead mining software market is estimated to garner a revenue of ~USD 7 billion by the end of 2031 by growing at a CAGR of ~21% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 1 billion in the year 2021. The growth of the market can primarily be attributed to the growing e-commerce sales worldwide, which was estimated to be more than 25 trillion in 2018, showcasing an increase of 8% from 2017.
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Lead mining software use technology to scrape data from different websites and find data from social media, emails and others to find new leads and increase the sales team pipeline and database. Lead mining software helps companies to find new business opportunities and extend the existing customer database. Increasing number of business and services marking their online presence with the help of websites is expected to create massive revenue generation opportunities for the key players operating in the global lead mining software market during the forecast period. For instance, in January 2022, there were ~200,000,000 active websites worldwide.
The global lead mining software market is segmented and analyzed for demand and supply by type into on-premises and cloud-based. Amongst these segments, the cloud-based segment is anticipated to garner the largest revenue by the end of 2031, backed by the surge in the cloud-based data centers across the globe. The global cloud data center traffic was ~88% in 2016 and it is estimated to represent more than 90 percent of the total data center traffic in 2021.
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Regionally, the global lead mining software market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in North America region is projected to hold the largest market share by the end of 2031, backed by the rising retail e-commerce sales in the region. According to the Census Bureau of the Department of Commerce, the estimated retail e-commerce sales in the United States were USD 250 billion in the first quarter of 2022.
The global lead mining software market is further classified on the basis of region as follows:
Our in-depth analysis of the global lead mining software market includes the following segments:
FREQUENTLY ASKED QUESTIONS
Increasing e-commerce, upsurge in the number of websites as well as website visitors are some of the major factors anticipated to drive the growth of the market.
The market is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2022 – 2031.
The market in the North America region is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
The major players in the market are ZoomInfo Technologies LLC, RocketReach.co, BrickRed systems, Bombora, Inc., AeroLeads, Visitor Queue Inc., SLI Technologies, Inc., LeadIQ, Inc., Wappalyzer, TechTarget, Inc. and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, application and by region.
The cloud-based segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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