According to a new market research report published by sheer analytics and insights, “The Global Data Science Platform Market was $45.5 Bn in 2020, and it is expected to reach $260.4 Bn by 2031. It is eventually growing at a commendable high compound of annual growth rate CAGR of 15.6% between 2021-2031”, as per the latest market research report titled, Global Data Science Platform Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
The data science platform is used to find and analyze the work, which was done in the past, and make the job much easier for data scientists. The platform helps to explore data available in large machines without requiring any infrastructure DevOps or setup. Apart from that, it also aids in using the tools and new packages seamlessly. To be precise, a data science platform is expected to drive market growth. For the growth of the business, the organization's data science is required much. Increasing awareness and data security is the key reason why organizations are adapting the data science platform. The increasing machine learning, public cloud, Internet of things (IoT) applications, utilization of artificial intelligence, etc., has increased the demand of the data science platform market during the forecast period.
However, in this current pandemic of COVID-19, the Data Science Platform market was affected much. It changes the growth rate graph slightly in the Data Science Platform market. But it has been expected that after the pandemic situation, the global Data Science Platform market will reach a high position in the graph. Apart from that, the rising of the Data Science Platform sector across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Data Science Platform Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Google, Inc., Microsoft Corporation, IBM Corporation, Cloudera, Inc., Dataiku SAS, RapidMiner, Inc, Wolfram Research, SAS Institute, Inc., H2O.ai, TIBCO Software Inc., Domino Data Lab, Inc., Anaconda Inc, Alteryx Inc. Teradata Corporation, and WNS Global Services Pvt. Ltd. among others.
The Global Data Science Platform Market Has Been Segmented into:
Global Data Science Platform Market: By Application
Global Data Science Platform Market: By Component
Global Data Science Platform Market: By Vertical
Global Data Science Platform Market: By Region