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Data Science Platform Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027

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Data Science Platform Market: Overview

Big data, advance analytics and predictive modeling are now becoming indispensable part of business houses, who are striving to optimize decision-making and deliver value to customers.  With rise in enormous data generated in various digital platforms and corresponding increase in use of various data analytics tool the phrase “data science platform” has been tossed around about a lot recently. Data science platforms are supposed to be an arena where plethora of various data scientists works are collected. In colloquial term, data science platform terms defines that it provides various algorithm integrated with analytical tools that help data analyst to cluster and explore data from varied sources, and further design and implement models. These models sought from data science platform helps in framing decisions and strategies. Data science platform assist wide array of various suite of tools that is being introduced subsequently implemented to keep data science work scalable, accessible, flexible thus make it easy for a data scientist to reproduce and present dynamic results to the people who make decisions based on those results. Over the forecast period, it is expected that with rise in implementation of data analytics, big data for various business decisions and operations the market of data science platform market will gain a significant CAGR over the forecast period.

Data Science Platform Market: Drivers and Restraints

Including present time and last couple of years there has been a massive wave of investment by corporate houses in order to focus on data analytic.  Ample number of tools are implemented by an organization for analyzing huge amount of data generated in different level of operations. Wide number of tools provides diversified outputs for various analysis. Data science platforms needs to introduce for capturing, analyzing, integrating such various outputs into a single access point. These data science platforms are competent for deriving insights from raw data; reproduce data tables for descriptive statistics, can provide segmentation based by module, date, and event type for root cause analysis via data visualization. The algorithm of data science platform is also designed with an ability so that it can provide functionality for predictive modeling and a mechanism, which can bring in the predictive models into operations. The major factor that will drive the market of data science platform is the constant increase in use of data analytics tool by every business organization who believe that it can align their strategies and operations decisions based on data insights.

In near future the market of data science platform is expected to grow and chances of technology disruption, which will totally eradicate the data science platform, market is bleak.

Data Science Platform Market: Market Segmentation

Based on product type, Data Science Platform market can be segmented into:

  • Open Platform
  • Close Platform

Based on end user type, Data Science Platform market can be segmented into

  • BFSI
  • Pharmaceuticals & Healthcare
  • Meteorology
  • Transportation
  • Logistics

Global Data Science Platform Market: Regional Outlook

Based on the geographic regions, global data Centre rack server market is segmented into seven key market segments namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. Among the aforementioned regions, North America will dominate the data science platform market over the forecast period owing to the fact that North America has the largest data centers in world and it has been foremost in developing and producing data science platform products for convenience of various industries to execute various operations. In APEJ countries such as India, Singapore and Korea will be the key contributor to the growth of data science platform market due to the very fact IT industry and subsequent data centers are increasing in these countries. Western Europe region will come next to APEJ with respect to growth of data science platform market.  In Eastern Europe, the market of data science platform is expected to gather momentum over the forecast period. MEA and Latin America data science platform market is yet to see progress as both these regions are yet to make substantial move in field of data analytics and IT. However, over the forecast period it is anticipated that data science platform market will gain pace with increase in digitization as well as increase in IT spending in these specific regions.

Data Science Platform Market: Key Players

The major players identified in the global data science platform market includes:

  • Domino Data Lab, Inc.
  • Cloudera, Inc.
  • Wolfram
  • IBM

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.

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