Data Science Platform Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Data Science Platform Market
The global data science platform market size was valued at USD 103.93 billion in 2023, and the market is now projected to grow from USD 133.12 billion in 2024 to USD 776.86 billion by 2032, exhibiting a CAGR of 24.7% during the forecast period (2024-2032).
The COVID 19 pandemic positively impacted the global data science platform industry. The global pandemic disrupted the daily routines thus causing entities to reconsider their goals and activities. These improvements have been evident to drive technological advancements and innovations. Thus, it is safe to say that the pandemic outbreak helped in the global data science platform market growth.
A data science know-how platform is a software program application that gives a place for the complete life cycle of data technology project. The stated platforms are vital for facts scientists as they permit model developments, information explorations, data visualization, and model distributions across the globe. Vast use of such platforms is driving the global data science platform market share.
Surging utilization of data science software platforms in the healthcare industry is the latest industry trend and is expected to grow the market share in upcoming years. These platforms support the analyzing and managing of huge amounts of structured or unstructured data produced by the entities. The data science platform industry aids systematic research and development in the pharmaceutical sector.
Comprehensive Analysis of Data science platform Market
The data science platform market is seen rising at a fast pace owing to its market segmentation. These market segmentations are further divided into deployment analysis, enterprise type analysis, application analysis, by industry and region. Based on the deployment analysis, the cloud segment takes lead. In terms of application analysis, marketing segment holds the largest marketplace share. As per industry analysis, the BFSI and IT & telecom segments dominates the industry and are expected to give the highest CAGR. Whereas, based off enterprise type analysis, large enterprises’ segment had the largest industry share.
Based on geographical analysis, the North American region dominates the global data science platform marketplace. The region’s industry is expected to give the highest CAGR during the forecast period (2024-2032). The presence of key market players in the region is giving boost to the market growth.
The global data science platform market consists of a key market operator. These dominant marketplace players are adopting merger and acquisition strategies in order to expand their operations and capture market share. These companies include, IBM Corporation (U.S.), SAS Institute Inc. (U.S.), Dataiku (U.S.), TIBCO Software Inc. (U.S.), Databricks (U.S.), The Mathworks Inc. (U.S.), Alteryx Inc. (U.S.), DataRobot Inc. (U.S.), Microsoft Corporation (U.S.), Oracle Corporation (U.S.).
In January 2024, a software corporation, Databricks (U.S.), introduced a brand new business intelligence (BI) software for telecom carriers and NSPs. The said platform will enable telecom carriers and NSPs to get a competitive view of their operations and networks without compromising their confidentiality.
Segmentation Table
Data Science Platform Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 24.7% from 2024-2032
Unit Value (USD Billion)
Segmentation By Deployment, By Enterprise Type, By Application, By Industry, By Region
By Deployment Cloud
On-premise
By Enterprise Type Large Enterprises
Small & Medium Enterprises
By Application Customer Support
Business Operation
Marketing
Finance & Accounting
Logistics
Others
By Industry BFSI
IT & Telecom
Healthcare
Retail
Manufacturing
Transportation
Others (Government, etc.)
By Region North America (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
South America (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- Brazil (By Industry)
- Argentina (By Industry)
- Rest of South America (By Industry)
Europe (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- Germany (By Industry)
- France (By Industry)
- Italy (By Industry)
- Spain (By Industry)
- Russia (By Industry)
- Benelux (By Industry)
- Nordics (By Industry)
- Rest of Europe
Middle East & Africa (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- Turkey (By Industry)
- Israel (By Industry)
- GCC (By Industry)
- South Africa (By Industry)
- North Africa (By Industry)
- Rest of the Middle East & Africa
Asia Pacific (By Deployment, By Enterprise Type, By Application, By Industry, and By Country)
- China (By Industry)
- India (By Industry)
- Japan (By Industry)
- South Korea (By Industry)
- ASEAN (By Industry)
- Oceania (By Industry)
- Rest of Asia Pacific
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