Data Science Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Data Science Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3601
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Market Overview 2022-2027:

The global data science platform market size reached US$ 6.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 36.5 Billion by 2027, exhibiting a growth rate (CAGR) of 32.64% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A data science platform is a cohesive software framework that offers fundamental building blocks to create and incorporate data science solutions into business processes, infrastructure, and products. These solutions include integrating and exploring data, and coding, building, and deploying models through applications or reports. A data science platform makes the entire dataset available in a centralized location and enables effective team collaboration and communication. Consequently, organizations from different industry verticals are nowadays deploying data science platforms to expand tool flexibility, improve data connectivity, compute resource scalability, and support a centralized business administration for core operations.

One of the primary factors encouraging the adoption of data science platforms globally is the growing emphasis of companies on becoming agile and competitive in the changing marketplace dynamics. Data science platforms offer a consistent and integrated solution for building, managing and optimizing predictive models. In the healthcare sector, with the growing amount of data, from electronic medical records (EMR) and clinical databases to personal fitness trackers, medical professionals increasingly rely on these platforms to diagnose diseases faster, practice preventive medicine and explore new treatment options. Other factors influencing the market growth are the emerging trend of autonomous vehicles, the rising need to maximize logistics efficiency, and the growing entertainment industry. Apart from this, the increasing utilization of online banking services, along with the rising instances of cybersecurity, are anticipated to expand the usage of data science platforms in the banking, financial services, and insurance (BFSI) sector to detect fraudulent activities and prevent cyberattacks.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global data science platform market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, application and vertical.

Breakup by Component:

  • Software
  • Services
     

Breakup by Application:

  • Marketing and Sales
  • Logistics
  • Finance and Accounting
  • Customer Support
  • Others
     

Breakup by Vertical:

  • IT and Telecommunication
  • Healthcare
  • BFSI
  • Manufacturing
  • Retail and E-Commerce
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alteryx Inc., Cloudera Inc., Dataiku Inc., Google LLC (Alphabet Inc.), H2O.ai Inc., International Business Machines Corporation, Microsoft Corporation, RapidMiner Inc., SAP SE, SAS Institute Inc., The MathWorks Inc. and TIBCO Software Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage  Component,  Application, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alteryx Inc., Cloudera Inc., Dataiku Inc., Google LLC (Alphabet Inc.), H2O.ai Inc., International Business Machines Corporation, Microsoft Corporation, RapidMiner Inc., SAP SE, SAS Institute Inc., The MathWorks Inc. and TIBCO Software Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global data science platform market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global data science platform market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global data science platform market and who are the key players?
  • What is the degree of competition in the industry?

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Data Science Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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