Global Data Science Platform Market
Information Technology

Global Data Science Platform Market Analysis: Size, Drivers, Trends, Opportunities And Strategies

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033



Market Expansion and Projections

  • The data science platform market has witnessed exponential growth, soaring from $94.73 billion in 2023 to $122.82 billion in 2024, with a staggering CAGR of 29.6%.
  • Historic growth drivers include the demand for predictive analytics, regulatory compliance, and the proliferation of open-source ecosystems.
  • Future projections indicate further acceleration, with the market expected to reach $361.44 billion by 2028, driven by unstructured data growth and advancements in natural language processing.



Big Data Analytics Driving Market Growth

  • The surge in demand for big data analytics fuels the expansion of the data science platform market.
  • Big data analytics leverages advanced techniques to analyze structured, semi-structured, and unstructured data, empowering enterprises with valuable insights.
  • Market leaders such as Microsoft, Google, and IBM spearhead innovations in data science platforms to meet evolving analytics needs.



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Adoption of Analytic Apps Reshaping the Landscape

  • Analytic apps play a pivotal role in shaping the data science platform market, offering insights into consumer behavior and business performance.
  • Companies like InCorta are innovating with mobile apps to enable users to access and analyze business data seamlessly.
  • Strategic acquisitions, like TIBCO’s acquisition of Information Builders, enhance analytics capabilities and data management within the data science platform ecosystem.



Market Segmentation and Dynamics

  • The data science platform market encompasses solutions and services, with deployment options including cloud-based and on-premise models.
  • End-user segments span industries such as BFSI, telecommunications, healthcare, and manufacturing, each leveraging data science platforms for diverse use cases.
  • North America dominates the market, while the Asia-Pacific region emerges as a significant growth hotspot in the forecast period.



Trends Shaping the Future of Data Science Platforms

  • Hybrid and multi-cloud deployments gain prominence, offering scalability and flexibility to organizations.
  • Integration with business intelligence tools enhances data insights and decision-making capabilities.
  • Continuous model monitoring, hyper-automation, and collaborative model development drive efficiency and agility in data science practices.


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The Data Science Platform Global Market Report 2024 provides an overviewof the data science platform market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The data science platform market forecast analyzesdata science platformmarket size, data science platform market share,leading competitor and their market positions.



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