Data Science Platform Market: Global Industry Analysis and Forecast (2022-2029) Share, Size

Data Science Platform Market size was valued at US$ 64.25 Bn. in 2021 and the total revenue is expected to grow at 30.2 % through 2021 to 2029, reaching nearly US$ 530.61 Bn.

Data Science Platform Market Overview:

All data science and data analysis work is done on the data science platform, which is a software hub. The data science platform includes all of the tools needed for the data science project's entire life cycle, including ideation, installation, discovery, model building, and software implementation. To be more exact, data science is a combination of data gathering, analysis, and a strategy for interpreting the results. The data science platform enables data scientists to improve their job by allowing them to run, track, repeat, analyse, and communicate their findings more quickly. Data Science Platform Market To know about the Research Methodology:- Request Free Sample Report

Data Science Platform Market Dynamics:

The adoption of artificial intelligence, the explosive growth of Internet of things (IoT) applications and machine learning, the revolution and rise in demand for big data, and other factors are expected to fuel demand for data science platforms. Enterprise IT trends such as big data technology adoption, security, and governance, IT centralization, open standards, and libraries, among others, have been applied to data science platforms to give efficient enterprise solutions across multiple sectors. The rise of unified, multidisciplinary cloud-based development platforms aids data scientists in honing their data science abilities and integrating machine learning and analytics into fundamental business operations. Using techniques like as insights, machine learning, predictive analytics, and data mining, data science platforms are used to uncover hidden bits of knowledge from vast amounts of classified and unstructured data. According to research, data science comprises a wide range of job titles in a variety of businesses and organisations. However, regardless of title, all positions are united in uncovering strategic insights from data, which is in higher demand than ever before. According to IBM, the demand for data scientists will increase by 28.3% by 2021. Big data adoption is being boosted by the rising use of enormous amounts of structured and unstructured data in numerous end-user industries. In addition, the cloud is catering to market adoption with the integration of data science platforms, where players are heavily building the cloud integration platform. Cloud computing allows users to access virtually unlimited processing power. Amazon Web Services, for example, offers servers with up to 96 virtual CPU cores and 768 GB of RAM. These servers can be grouped together in an autoscaling group, allowing hundreds of them to be deployed or terminated simultaneously. Cloud computing businesses are now delivering full-fledged Data Analytics tools in addition to computation. However, the platform's costly initial investment will hamper market growth. The market's growth rate will be slowed even more as data protection issues develop. The market's growth rate will be hampered yet again by a lack of professional individuals or trained competence.

Data Science Platform Market Segment Analysis:

Based on the Type, the Data Science Platform market is sub-segmented into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. The Large Enterprises segment held the largest market share of xx% in 2021. A data science platform contains critical capabilities, such as predictive analytical tools, that can assist a company in gaining insights and delivering meaningful business outcomes. Large corporations have the financial resources to invest in such solutions and improve consumer satisfaction. These businesses can also benefit from real-time analytics to improve their business processes. As a result, data science platforms are in increased demand among these businesses. Based on the End-User, the Data Science Platform market is sub-segmented into BFSI, Telecommunication, Transportation and Logistics, Healthcare, Manufacturing and Others (retail, education, government, energy, and utilities). The Healthcare segment held the largest market share of xx% in 2021. Individual elements of data in health care are life-or-death, and many companies fail to aggregate data well enough to get insights into broader care procedures. To increase safety and quality, draw conclusions and make decisions based on facts and effectively use medical expertise. Various medical research groups can use the data science platform to communicate, integrate, and evaluate historical, patient-level data from academia and industry phase III clinical trials. Such a large data set is an example of data science, and it will surely aid pharmaceutical research and development.

Data Science Platform Market Regional Insights:

North America held the largest market share of 40.13% in 2021. Because of the region's huge corporations, technical talent, and growing demand for data science platforms. With over 1.21 billion clinical files created annually in the United States, healthcare practitioners and doctors have a large amount of data on which to base their study. Also, the broad adoption of wearable technology in the region makes huge amounts of health-related data available, opening up new possibilities for the region's better, more informed healthcare system. Europe held the 2nd largest market share of xx% in 2021. As the demand for data-driven digital transformation grows, more organisations in the region are implementing the technology to fuel growth. Asia Pacific is expected to grow at a highest CAGR of xx% in the global Data Science Platform market during the forecast period. Improved lifetime value, cost information, and customer retention are all driving factors in this growth. Also, significant tech companies' investments are likely to boost the market's growth throughout the region. The objective of the report is to present a comprehensive analysis of the global Data Science Platform Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Data Science Platform Market dynamic, structure by analyzing the market segments and project the global Data Science Platform Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Data Science Platform Market make the report investor’s guide.

Data Science Platform Market Scope: Inquire before buying

Data Science Platform Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 64.25 Bn.
Forecast Period 2022 to 2029 CAGR: 30.2 % Market Size in 2029: US $ 530.61 Bn.
Segments Covered: by Type • Solutions • Services
by Deployment Mode • On-Premise • Cloud
by Organization Size • Small and Medium-sized Enterprises (SMEs) • Large Enterprises
by End-User • BFSI • Telecommunication • Transportation and Logistics • Healthcare • Manufacturing • Others (retail, education, government, energy, and utilities)

Data Science Platform Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Data Science Platform Market Key Players

• Microsoft Corporation • IBM Corporation • Google, Inc • Wolfram • DataRobot Inc. • Sense Inc. • RapidMiner Inc. • Domino Data Lab • Dataiku SAS • Alteryx, Inc. • Oracle • Tibco Software Inc. • SAS Institute Inc. • SAP SE • The Mathworks, Inc. • Cloudera, Inc. • Teradata, Inc • Kaggle Inc., • Micropole S.A.

Frequently Asked Questions:

1] What segments are covered in Data Science Platform Market report? Ans. The segments covered in Data Science Platform Market report are based on Type, Deployment Mode, Organization Size and End-User. 2] Which region is expected to hold the highest share in the Data Science Platform Market? Ans. North America is expected to hold the highest share in the Data Science Platform Market. 3] What is the market size of Data Science Platform Market by 2029? Ans. The market size of Data Science Platform Market is expected to reach US $ 530.61 Bn. by 2029. 4] Who are the top key players in the Data Science Platform Market? Ans. Microsoft Corporation, IBM Corporation, Google, Inc, Wolfram, Data Robot Inc. and Sense Inc. are the top key players in the global Data Science Platform Market. 5] What was the market size of Data Science Platform Market in 2021? Ans. The market size of Data Science Platform Market in 2021 was US $ 64.25 Bn.
1. Global Data Science Platform Market: Research Methodology 2. Global Data Science Platform Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Data Science Platform Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Data Science Platform Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Data Science Platform Market Segmentation 4.1 Global Data Science Platform Market, by Type (2021-2029) • Solutions • Services 4.2 Global Data Science Platform Market, by Deployment Mode (2021-2029) • On-premises • Cloud 4.3 Global Data Science Platform Market, by Organization Size (2021-2029) • Small and Medium-sized Enterprises (SMEs) • Large Enterprises 4.4 Global Data Science Platform Market, by End-User (2021-2029) • BFSI • Telecommunication • Transportation and Logistics • Healthcare • Manufacturing • Others (retail, education, government, energy, and utilities) 5. North America Data Science Platform Market(2021-2029) 5.1 Global Data Science Platform Market, by Type (2021-2029) • Solutions • Services 5.2 Global Data Science Platform Market, by Deployment Mode (2021-2029) • On-premises • Cloud 5.3 Global Data Science Platform Market, by Organization Size (2021-2029) • Small and Medium-sized Enterprises (SMEs) • Large Enterprises 5.4 Global Data Science Platform Market, by End-User (2021-2029) • BFSI • Telecommunication • Transportation and Logistics • Healthcare • Manufacturing • Others (retail, education, government, energy, and utilities) 5.4 North America Data Science Platform Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Data Science Platform Market (2021-2029) 6.1. Asia Pacific Data Science Platform Market, by Type (2021-2029) 6.2. Asia Pacific Data Science Platform Market, by Deployment Mode (2021-2029) 6.3. Global Data Science Platform Market, by Organization Size (2021-2029) 6.4. Asia Pacific Data Science Platform Market, by End-User (2021-2029) 6.4. Asia Pacific Data Science Platform Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Data Science Platform Market (2021-2029) 7.1 Middle East and Africa Data Science Platform Market, by Type (2021-2029) 7.2. Middle East and Africa Data Science Platform Market, by Deployment Mode (2021-2029) 7.3. Middle East and Africa Data Science Platform Market, by Organization Size (2021-2029) 7.4. Middle East and Africa Data Science Platform Market, by End-User (2021-2029) 7.5. Middle East and Africa Data Science Platform Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Data Science Platform Market (2021-2029) 8.1. Latin America Data Science Platform Market, by Type (2021-2029) 8.2. Latin America Data Science Platform Market, by Deployment Mode (2021-2029) 8.3. Latin America Data Science Platform Market, by Organization Size (2021-2029) 8.4. Latin America Data Science Platform Market, by End-User (2021-2029) 8.5 Latin America Data Science Platform Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Data Science Platform Market (2021-2029) 9.1. European Data Science Platform Market, by Type (2021-2029) 9.2. European Data Science Platform Market, by Deployment Mode (2021-2029) 9.3. European Data Science Platform Market, by Organization Size (2021-2029) 9.4. Latin America Data Science Platform Market, by End-User (2021-2029) 9.5. European Data Science Platform Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Microsoft Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. IBM Corporation 10.3. Google, Inc 10.4. Wolfram 10.5. DataRobot Inc. 10.6. Sense Inc. 10.7. RapidMiner Inc. 10.8. Domino Data Lab 10.9. Dataiku SAS 10.10. Alteryx, Inc. 10.11. Oracle 10.12. Tibco Software Inc. 10.13. SAS Institute Inc. 10.14. SAP SE 10.15. The Mathworks, Inc. 10.16. Cloudera, Inc. 10.17. Teradata, Inc 10.18. Kaggle Inc., 10.19. Micropole S.A.

About This Report

Report ID 66745
Category Information Technology & Telecommunication
Published Date July 2020
Updated Date Sep 2022
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