Data Science Platform Market 2018 Global Key Players: Microsoft, IBM, Google, Wolfram, DataRobot, Sense, RapidMiner | estimated to grow up to USD 115 billion with a CAGR ~ 29%

Global data science platform market research report: by business function (marketing, sales, logistics, human resources), deployment (on-demand, on-premises), vertical (BFSI, healthcare, retail, IT, transportation) – Forecast till 2023

Market Synopsis

A data science platform is a framework of the entire life cycle of a data science project. Data science platform contains all the tools required for executing the lifecycle of the data science project spanning across different phases such as data ideation, integration and implementation, model development and model deployment. Data science platform helps organizations to enhance their analysis by helping them run, track, reproduce, share and deploy analytical models faster. In general, all these tasks require lot of engineering effort and are difficult to build and maintain analytical models. Data science platforms give the data science teams a leg up in the competitive race to leverage analytics effectively.

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Major Key Players

Microsoft Corporation (U.S.),
IBM Corporation (U.S.),
Google, Inc. (U.S.),
Wolfram (U.S.),
DataRobot Inc. (U.S.),
Sense Inc. (U.S.),
RapidMiner Inc. (U.S.),
Domino Data Lab (U.S.),
Dataiku (France),
Alteryx, Inc. (U.S.), and Continuum Analytics, Inc. (U.S.)

According to MRFR, The global Data Science Platform Market is estimated to grow up to USD 115 billion with a CAGR ~ 29% through the forecast period.

Key Findings

First a real estate from Durham, using data science and machine learning to help real estate agents. Their SaaS platform analyzes over 700 personal factors such as demographics, income changes, and purchasing behavior and life events of every agent’s contact and cross-references them against national averages. The resulting seller score indicates how likely they are to sell their home, helping agents know exactly when to reach out for the best chance at landing a deal.
Veritone, Inc., a leading provider of artificial intelligence (AI) and cognitive solutions, has acquired the advanced data analytics software and related intellectual property (IP) assets of Atigeo Corporation.
American Family Insurance is accelerating its use of data through advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked Insights.

Regional Analysis

The market for global data science platform market is studied across North America, Europe, Asia Pacific and Rest of the World. The North American market is expected to hold the largest market share, owing to capital intensive industries present across the region. Enterprises are looking to embrace data science platform as the revered platform which will help them have a competitive edge in the marketplace. Asia Pacific region is anticipated to have the highest growth rate during the forecast period. Industrialization, digitalization and several smart city initiatives by governments intensify the adoption of data science platform.

Intended Audience

Independent Software Vendors
Business Analytics Software Providers
IT Service Providers
Cloud Service Providers
System Integrators
Application Design and Software Developers

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