Data Science Platform Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

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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