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Data Science Platform Market Is Booming Worldwide | Microsoft, IBM, Google, Wolfram, Data RobotInc, SenseInc, Rapid Miner Inc, Domino Data Lab, Dataiku, Alteryx, Inc., Continuum Analytics, Inc.
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The Data Science Platform Market size is estimated to grow from US$ 19.58 Billion in 2016 to US$ 101.37 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 38.9%. Enterprises are focusing on methods enabling simpler use of data to drive their business and advancement in big data technologies, these have fueled the growth of data science platform solutions.
Top Key Players in the “Data Science Platform Market” include are
• Microsoft Corporation (U.S.)
• IBM Corporation (U.S.)
• Google, Inc.(U.S.)
• Wolfram (U.S.)
• Data RobotInc. (U.S.)
• SenseInc.(U.S.)
• Rapid Miner Inc. (U.S.)
• Domino Data Lab (U.S.)
• Dataiku (France)
• Alteryx, Inc. (U.S.)
• Continuum Analytics, Inc. (U.S.)
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Marketing business function is expected to have the second largest market share, as enterprises would be looking forward to incorporate data science platform in their mainframe systems to accurately predict customer’s Lifetime Value (LTV), share of wallet estimation, identification of customer attrition/ turnover, customer segmentation on basis of demographics, discount targeting, target marketing, and up selling.
APAC is estimated to grow at the highest CAGR during the forecast period. The developing APAC market is poised to grow, as the developing economies, such as India, China, Australia, and New Zealand are aggressively adopting data science platforms to stay ahead in the competition. The region would be looking to increase the adoption of advanced analytical technologies, owing to flexible government policies, regulations, and control, competing with the international markets, in terms of quality and pricing.
The Study Objectives of this report are:
• To forecast the market size of the five main regional segments, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To describe and forecast the global data science platform market on the basis of business functions, deployment models, verticals, and regions
• To strategically analyze subsegments with respect to individual growth trends, future prospects, and contribution to the total market
• To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze the opportunities in the market for stakeholders and to provide details of a competitive landscape for major players
• To track and analyze competitive developments such as mergers & acquisitions, new product developments, and partnerships & collaborations in the market
Access Complete report on Data Science Platform Market spread across 146 Pages, profiling 11 companies and supported with tables and figures. Buy Research at https://www.reportsnreports.com/purchase.aspx?name=870376 .
#Table of Contents
• Introduction
• Research Methodology
• Executive Summary
• Premium Insights
• Market Overview
• Industry Trends
• Data Science Platform Market, By Business Function
• Data Science Platform Market Analysis, By Deployment Model
• Data Science Platform Market Analysis, By Vertical
• Geographic Analysis
• Competitive Landscape
• Company Profiles
• Appendix
Key Target Audience for Data Science Platform Market
• Mobile application providers
• Analytics service providers
• Consulting service providers
• Government organizations
• Resellers
• Research organizations
• Technology providers
• Enterprise users
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