Global Data Science Platform Market Overview And Prospects

November 5, 2021 by The Business Research Company

Learn about the global data science platform market through The Business Research Company, which provides information on data science platform market size, data science platform market drivers and restraints, data science platform market players, the COVID-19 impact on the data science platform market, and more.

The global data science platform market is expected to grow from $43.56 billion in 2020 to $57.08 billion in 2021 at a compound annual growth rate (CAGR) of 31%. The change in growth trend of the data science platform market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The data science platform market is expected to reach $163.14 billion in 2025 at a CAGR of 30%.

The increase in demand for big data analytics is expected to propel the growth of the data science platform market during the forecast period.

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The data science platform market consists of sales of data platform solutions and services by entities (organizations, sole traders, and partnerships) that are used to analyze, organize, and transfer the data. Data science platforms assist businesses in developing analytic models and managing analytic data via software and applications. Data analysis across multiple platforms can assist businesses in gaining insights from user data and marketing campaigns, ultimately assisting in the improvement of strategy and revenue.

Global data science platform market segments include:
By Type: Solutions, Services
By Deployment: Cloud-Based, On-Premise
By End User: BFSI, Telecommunication, Transportation And Logistics, Healthcare, Manufacturing, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the data science platform market in 2020.

The adoption of analytic apps is shaping the data science platform market. Major data science companies that use applications are focusing on adopting analytics applications that will help them better understand consumer behavior. Data analytic apps can tell users if the app is detected, compare downloads and in-app purchases, monitor, and evaluate KPIs, and give users in-app analytics insights, among other things.

TBRC’s data science platform market report covers:
Major Market Players: Microsoft Corporation, Google, IBM, Oracle, Alteryx, SAP SE, Teradata, TIBCO Software, RapidMiner Inc., MathWorks, SAS Institute, Wolfram Research Inc, Dataiku, Fair Issac Corporation (FICO), and Altair.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Data Science Platform Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides data science platform market overviews, analyzes and forecasts market size, share, data science platform market players, data science platform market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s data science platform market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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