Data Science Platform market Report, Market Size, Share, Trends, Analysis By Forecast Period

 Market Overview

The global data science platform market is estimated to reach a value of USD 354 billion by 20207, with a CAGR of 33.5% during the forecast period 2020–2027. With the advent of the fourth industrial revolution, technologies, including data science and artificial intelligence, have entrenched deeper roots within all the commercial and industrial sectors, thereby widening the scope of the data science platform market during the forecast period. The influence is not restrained to a single sector or industry; data science has gained a colossal adoption rate spanning prominent sectors right from manufacturing, telecommunication to retail and media and entertainment. Below table portrays data science proficiency based on various industries:

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Agriculture

The agriculture sector faces constant challenges in terms of climate changes, water scarcity, and others, resulting in the lack of yield of crops and food. The integration of data analytics will result in a three-fold growth rate to agriculture, thereby contributing a significant amount to the country’s GDP. Data can help in predicting the outcome of a growing season, target a pest or crop disease problem, and more.

Data Science Platform Market Segmentation

By Component

  • Platform
  • Training & Consultancy
  • Integration & Deployment
  • Support & Maintenance
  • Others

By Verticals

  • BFSI
  • IT & Telecom
  • Retail & E-commerce
  • Manufacturing
  • Energy & Power
  • Others

By Regions

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East
  • Africa

Competitive Players

Some of the key players operating in the Data Science Platform market are

  1. IBM Corporation
  2. Microsoft Corporation
  3. Alphabet Inc.
  4. Altair Engineering Inc.
  5. Alteryx Inc.
  6. MathWorks
  7. SAS Institute Inc.
  8. RapidMiner Inc.
  9. Cloudera Inc.
  10. Anaconda Inc.
  11. Wolfram
  12. Dataiku
  13. Civis Analytics
  14. H2O.ai
  15. Domino Data Lab Inc.
  16. RStudio Inc.
  17. Rapid Insight
  18. DataRobot Inc.
  19. Rexer Analytics
  20. SAP
  21. and Databricks

About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

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