Data Science Platform Market Forecasts to 2028 – Global Analysis By Deployment Model (Cloud Based, On-Demand), Business Function (Logistics, Marketing), End User (E-Commerce, Construction, Energy and Utilities) and By Geography
According to Stratistics MRC, the Global Data Science Platform Market is accounted for $55.78 billion in 2020 and is expected to reach $401.91 billion by 2028 growing at a CAGR of 28.0% during the forecast period. An increase in the need to extract in-depth insights from voluminous data and the growing adoption of cloud-based solutions by small and medium-scale organizations is the major factors propelling the market growth. However, stringent government rules and regulations are hampering market growth.
A data science platform is a framework that consists of the whole life cycle of data science and related projects. The data science platform is utilized to extract and explore information from various sources. This helps in deeply understanding consumer behaviour and therefore, make in making informed decisions.
Based on the component, the services segment is estimated to have a lucrative growth during the forecast period due to it helps users access, build, and leverage data science platform environments to avoid efforts on a failed implementation. The services that can be incorporated with the data science platform are managed services and professional services.
By geography, North America holds the largest share in the market owing to the technical experts, large enterprises, and the increasing demand for the data science platform. Moreover, clinical documents being produced in the U.S, healthcare practitioners and doctors have a major amount of data to base their research upon.
Some of the key players profiled in the Data Science Platform Market include IBM, Altair Engineering Inc, Alteryx, Inc, Anaconda Inc., Civis Analytics, Cloudera Inc., Databricks, Dataiku, DataRobot Inc, Domino Data, Google, Inc, Microsoft Corporation, RapidMiner Inc, Sense Inc, Snowflake Inc, and Wolfram.
Deployment Models Covered:
• Cloud Based
Organization Sizes Covered:
• Large Enterprises
• Small and Medium-Sized Enterprises (SMEs)
Business Functions Covered:
• Customer Support
• Finance and Accounting
• Risk Management
• Human Resources
End Users Covered:
• Healthcare and Life Science
• Information Technology and Telecommunication
• Banking, Financial Services, and Insurance (BFSI)
• Media and Entertainment
• Retail and Consumer Goods
• Energy and Utilities
• Transportation and Logistics
• Government and Defense
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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