Global Data Science Platform Market Report 2022 – Market Forecast, Trends And Strategies

The global data science platform market size is expected to grow from $57.08 billion in 2021 to $74.65 billion in 2022 at a compound annual growth rate (CAGR) of 30.8%. The change in the data science platform market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $214.24 billion in 2026 at a CAGR of 30.2%.

What is the Global Data Science Platform Market?

The data science platform market consists of sales of data platform solutions and services by entities (organizations, sole traders, and partnerships) that are used to analyze, organize, and transfer the data. Data science platforms assist businesses in developing analytic models and managing analytic data via software and applications. Data analysis across multiple platforms can assist businesses in gaining insights from user data and marketing campaigns, ultimately assisting in the improvement of strategy and revenue.

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What drives the Global Data Science Platform Market?

The increase in demand for big data analytics is expected to propel the growth of the data science platform market during the forecast period. Big data analytics employs advanced analytic techniques to analyze a mixture of structured, semi-structured, and unstructured data collected by businesses and entities. Data science is the practice of extracting important information from data using advanced analytics techniques and scientific principles for enterprise decisions, strategic planning, and other purposes. For instance, according to Techjury, a US-based software company, the big data analytics sector is projected to reach $77 billion by 2023. Therefore, the increasing demand for big data analytics drives the growth of the data science platform market.

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Global Data Science Platform Market Segments
The global data science platform market is segmented:
By Type: Solutions, Services
By Deployment: Cloud-Based, On-Premise
By End-User: BFSI, Telecommunication, Transportation and Logistics, Healthcare, Manufacturing, Others
By Geography: The regions covered in the data science platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Data Science Platform Global Market Report 2022provides market size and growth forecasts for the global data science platform market, global data science platform market share, data science platform market segments and geographies, data science platform market competitive landscape including leading competitors’ revenues, profiles and market shares. The data science platform market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Data Science Platform Industry Players include Microsoft Corporation, Google, IBM, Oracle, Alteryx, SAP SE, Teradata, TIBCO Software, RapidMiner Inc., MathWorks, SAS Institute, Wolfram Research Inc, Dataiku, Fair Issac Corporation (FICO), and Altair. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.