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Impact of Covid-19 on Data Science Platform Market Benchmarking the Sudden Strategy Change by Top 50 Companies in the World

04-15-2020 06:21 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Impact of Covid-19 on Data Science Platform Market Benchmarking

The data science platform market was valued at $19,621 million in 2016, and is projected to reach at $183,688 million by 2023, growing at a CAGR of 39.6% from 2017 to 2023. Rise in data collection; realization of the importance of data science platform by the organizations; and the advancement of different technologies, such as big data analytics, Internet of Things, and artificial intelligence, drive the market growth. However, lack of skilled workforce and growth in concern of data security and protection are anticipated to hamper the market growth during the forecast period.

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The service segment is projected to grow at a CAGR of around 47% during the forecast period. Increase in competition and rise in the need of consultancy and outsourcing services are anticipated to boost this segment growth during the forecast period.

The others segment dominated the market in 2016, followed by Banking, Financial Services and Insurance (BFSI) segment. Furthermore, these segments collectively accounted for around 54% share of the overall market revenue in 2016. The manufacturing sector is expected to register highest CAGR of around 43%, owing to the implementation of new technology, such as intelligent robots, 3D printing, drones, and artificial intelligence.

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The global data science platform market is characterized by the presence of international market players. These companies tend to expand their market presence by adopting strategies, such as strategic collaborations and acquisitions.

Some of the key vendors in the data science platform include,

o Microsoft Corporation

o IBM Corporation

o SAS Institute Inc.

o SAP SE

o RapidMiner Inc.

o Dataiku SAS

o Alteryx Inc.

o Fair Issac Corporation

o MathWorks Inc.

o Teradata Inc.

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Key questions answered in Data Science Platform Market research study:

o What is the market growth rate of Data Science Platform Market from 2017-2023?

o What will be the global market size of the market from 2017 to 2023?

o Who are the leading global manufacturing companies in the Data Science Platform Market?

o What are the major current trends and predicted trends?

o What are the challenges faced in the Data Science Platform Market?

o Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?

o Which will be the anticipated growth rates for your own Data Masking economy altogether and also for every segment inside?

o Which will be the Data Masking application and types and forecast accompanied closely by producers?

o What are the conclusions of the Data Science Platform Market report?

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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