Data Science Platform Market 2023, Size, Global Share, Trends, Companies Analysis and Revenue Forecast by 2028

IMARC Group has recently released a new research study titled “Data Science Platform Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Market Outlook:

The global data science platform market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.5 Billion by 2028, exhibiting a growth rate (CAGR) of 32.87% during 2023-2028.

Data Science Platform Market Report 2023-2028

A data science platform represents a cohesive software framework that offers fundamental building blocks to create and incorporate data science solutions into business processes, infrastructure, and products. These solutions comprise integrating and exploring data and coding, building, and deploying models through applications or reports. In addition, data science platforms make the entire dataset available in a centralized location and enable effective team collaboration and communication. As a result, organizations from different industry verticals are currently deploying data science platforms to increase tool flexibility, improve data connectivity, compute resource scalability, etc.

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Data Science Platform Market Trends:

The rising focus of companies on becoming agile and competitive in the changing marketplace dynamics is among the key factors stimulating the data science platform market. Moreover, the widespread adoption of these platforms offers a consistent and integrated solution for building, managing, and optimizing predictive models is acting as another significant growth-inducing factor. Besides this, the rising usage of data science platforms in the healthcare sector by medical professionals, on account of the increasing amount of data from electronic medical records (EMR) and clinical databases to personal fitness trackers, to diagnose diseases faster, practice preventive medicine, and explore new treatment options is positively influencing the global market. Furthermore, the emerging trend of autonomous vehicles, the inflating need to maximize logistics efficiency, and the expanding entertainment sector are also propelling the market growth. Apart from this, the growing utilization of these platforms in the banking, financial services and insurance (BFSI) sector to detect fraudulent activities and prevent cyberattacks, owing to the rising usage of online banking services and the increasing instances of cybersecurity, is anticipated to fuel the data science platform market over the forecasted period.

Data Science Platform Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the data science platform market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Alteryx Inc.
• Cloudera Inc.
• Dataiku Inc.
• Google LLC (Alphabet Inc.)
• ai Inc.
• International Business Machines Corporation
• Microsoft Corporation
• RapidMiner Inc.
• SAP SE
• SAS Institute Inc.
• The MathWorks Inc.
• TIBCO Software Inc.

Key Market Segmentation:

The report has segmented the global data science platform market based on component, application, vertical and region.

Breakup by Component:

• Software
• Services

Breakup by Application:

• Marketing and Sales
• Logistics
• Finance and Accounting
• Customer Support
• Others

Breakup by Vertical:

• IT and Telecommunication
• Healthcare
• BFSI
• Manufacturing
• Retail and E-Commerce
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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