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Data Science Platform Market Size & Share Estimated to Reach USD 695.0 Billion by 2030, Growing at 27.6% CAGR Annually: Polaris Market ResearchNEW YORK, Nov. 28, 2022 /PRNewswire/ -- Polaris Market Research recently published [115+ Pages] research report on "Data Science Platform Market Share, Size, Trends, Industry Analysis Report, By Business Function (Marketing, Sales, Logistics, Finance & Accounting, Customer Support, Others), By Deployment Model; By Component; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030" in its research database. According to the recent research study, the global data science platform market size & share was valued at USD 95.31 billion in 2021 and is expected to reach around USD 695.0 Billion by 2030, growing at a CAGR of 27.6% during the forecast period. What is Data Science Platform? How Big is Size & Share of Data Science Platform Market?
Data science platform is software that provides access to a variety of tools and data sources for machine learning and advanced analytics. These platforms enable data scientists to develop strategies, explore data, and distribute that data throughout an enterprise in a single platform. Data science projects include different tools required for each stage of the modeling process. Therefore, it is necessary to have a centralized location where teams can collaborate on those projects. This software helps to delegate various low-value tasks, reduce engineering effort, enhance cooperation among data scientists, and improves business productivity. The data science platform market size is majorly driven by the growing big data industry worldwide. The huge development of advanced technologies such as Artificial Intelligence (AI), streaming analytics, and the Internet of things (IoT), and streaming analytics is supporting the growth of big data. Request Sample Copy of "' Data Science Platform Market" Research Report @ https://www.polarismarketresearch.com/industry-analysis/data-science-platform-market/request-for-sample Key Highlights of the Report
Some of the Top Players in the Global Market Are:
For Additional List of Players and Detail Information, Download a Report PDF Brochure Growth Driving Factors
The increasing investment in research and development and rising technological development are unticking the data science platform market sales. Rising demand for cloud-based data science platforms, along with increased adoption of data science platform in countries like Brazil, African countries, and the Gulf Cooperation Council (GCC) countries, has been accelerating the data science platform industry demand. An increased volume of data generated by various enterprises is another key factor propelling market development. For instance, as per estimation by Seagate, the storage solutions provider, the volume of data created worldwide will grow to 175 ZB by 2025. Moreover, the growing adoption of cloud-based solutions and services is expected to create growth opportunities in the data science platform market. In addition, the rapid demand for IoT is due to the rising adoption of connected devices, including smart meters, smart cars, and machine-to-machine (M2M) communications. Directly Purchase a copy of report with TOC @ https://www.polarismarketresearch.com/checkouts/14101 Recent Developments In February 2020, Oracle Corporation unveiled the Oracle Cloud Data Science Platform which aids organizations collaboratively build, train, deploy, and manage machine learning models to ensure the success of data science projects Segmental Analysis
Based on component, the platform segment held the highest revenue share because major players are launching novel data science and analytics platforms. Also, the growing adoption of data technology across small and large businesses also fuels the segment growth. For instance, in April 2021, Subex Ltd., the analytics solutions provider, introduced HyperSense an augmented analytics program. Further, the services segment is expected to experience growth over the projected period owing to the rising adoption of various services by various prominent companies to integrate technology into their existing environment.
On the basis of deployment model, the cloud segment is anticipated to generate the highest CAGR in data science platform market over the foreseen period. This growth can be attributed to the advantages offered by cloud-based data science programs to businesses, such as speedy access to business intelligence, better collaboration, and efficient processing and reporting of data findings.
In terms of business function data science platform market segmentation, the marketing segment is projected to account for the major CAGR over the study period attributing to a surge in the adoption of data science platforms across various sectors in order to track the efficiency of their marketing initiatives and analyze advertisement, and campaigns. Further, the customer support segment is estimated to show a significant growth rate throughout the forecast period. Request for Discount on this Report Before Purchase @ https://www.polarismarketresearch.com/industry-analysis/data-science-platform-market/request-for-discount-pricing Data Science Platform Market: Report Scope
Geographic Overview
Based on geography, the data science platform market in North America witnesses the highest revenue share owing to the rising demand for advanced technologies, including IoT, cloud, and edge solutions. The increasing amount of data generation is one of the major reasons behind the rising demand for advanced technologies, which is boosting regional growth. Additionally, rising investment in BFSI and visualization technologies bolsters the market growth in the region. Moreover, APAC is expected to see the growth because of the factors such as increasing investment in big data technologies in nations such as India and China. Also, increased mobile data traffic and growing applications of IoT and AI in enterprises are other factors fueling regional expansion. Browse the Detail Report "Data Science Platform Market Share, Size, Trends, Industry Analysis Report, By Business Function (Marketing, Sales, Logistics, Finance & Accounting, Customer Support, Others), By Deployment Model; By Component; By Industry Vertical; By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/data-science-platform-market For Additional Information OR Media Enquiry, Please Mail At: [email protected] Polaris Market Research has segmented the data science platform market report on the basis of component, deployment model, business function, industry vertical, and region: By Component Outlook
By Deployment Model Outlook
By Business Function Outlook
By Industry Vertical Outlook
By Region Outlook
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About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers. Contact: Likhil G Logo: https://mma.prnewswire.com/media/1316207/Polaris_Market_Research_Logo.jpg View original content:https://www.prnewswire.com/news-releases/data-science-platform-market-size--share-estimated-to-reach-usd-695-0-billion-by-2030--growing-at-27-6-cagr-annually-polaris-market-research-301687752.html SOURCE Polaris Market Research |