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Data Science Platform Market was valued at US$ 94.8 Bn. in 2021 and the total Data Science Platform revenue is expected to grow at 15.4% from 2022 to 2029, reaching nearly US$ 298.16 Bn.
Data Science Platform Market Overview:
The goal of this Data Science Platform market study is to offer a thorough market segmentation based on connection type, end-use, and geographic location in addition to a thorough market overview. Significant market trends and forecasts are included in the report along with information on the market shares of the top Data Science Platform providers.
With businesses pursuing data-driven digital transformation, data science is growing in popularity. But as these businesses expand, so too must their data science equipment. Workstations and independent model-building products are insufficient. Complete data science systems must make it easy to build, use, and manage analytical models in a transparent, collaborative setting from beginning to end. Although these data science platforms are still in their early stages, they all support the entire process of producing models. Other common characteristics include flexibility, repeatability, scalability, model management, model sharing, model deployment, and business optimization. For businesses looking to operationalize data science initiatives, these components are crucial.
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Data Science Platform Market Scope:
Component, Deployment, Organization Size, Vertical, and Region are the market segments used to divide the data science platform market. The development of various strategies to help identify key application areas and the gap in the target market is facilitated by the growth of various segments, which provides report users with knowledge of the numerous growth factors anticipated to be prevalent throughout the market. The report offers a thorough analysis of the market and includes insightful information, actual details, historical data, and market statistics that have been statistically supported and approved by the relevant industries. Additionally, it contains projections based on the proper methodology and set of assumptions.
Data Science Platform Market Segmentation:
By Component, the platform segment dominated the market in 2021 with more than 30% of total shares. This is due to the increased usage of data technology by big and medium-sized businesses. The market is divided into platforms and services based on its components. Companies are concentrating on implementing products that provide uniformity and repeatability. This is possible by implementing data science platforms. The services segment is expected to grow at a CAGR of 5.8% during the forecast period. Training, consultation, deployment, integration, maintenance, and support are some of the services offered by market leaders. With data science platforms providing significant growth prospects, more businesses are seeking methods to incorporate technology platforms into their working environment to reap productivity and efficiency gains. As a result, these services are being extensively utilized to successfully integrate technology into their present environment.
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Data Science Platform Industry Key Players:
Data Science Platform Market Regional Analysis:
The study also offers a thorough PESTLE analysis for each of the five regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South America—after taking into account the political, economic, social, and technical factors affecting the Data Science Platform market in each of these areas.
COVID-19 Impact Analysis on Data Science Platform Market:
The Data Science Platform Market Research Report provides a sector overview based on important factors like sales volume, revenue, and sales forecasting, as well as key drivers. The market is anticipated to expand significantly over the anticipated time frame (2021-2029). This study also covers the most recent COVID-19 market ramifications. The global spread of the outbreak has had a significant impact on people's lives. As a result, industries have been compelled to adopt novel behaviours, patterns, and strategies. Both the present and the future market expectations are attempted to be captured in the case study.
Key Questions answered in the Data Science Platform Industry Report are:
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