openPR Logo
Press release

Data Science Platform Market Outlook 2020-2025

06-02-2020 08:31 AM CET | IT, New Media & Software

Press release from: Adroit Market Research

The global data science platform market size is anticipated to reach over USD 178 billion by 2025. Data science is a method of data analysis and unify statistics that leverages advanced technologies such as machine learning and artificial intelligence to mine the insights from large data sources. The data science platforms deliver the scalability of elastic compute resources and also offer the flexibility of open-source tools that allows data scientists to stay updated with constantly evolving technologies.

Request sample copy of this report at:

The major players of the global data science platform market are Microsoft, IBM, Google, MathWorks, Cloudera, Altair Engineering, SAS, Wolfram, Alteryx, and SAP. Moreover, the other potential players in the data science platform market are RapidMiner, Dataiku, Civis Analytics, Databricks, and Anaconda.

The existing and future data science platform market developments are defined to determine the attractiveness of the market. Key impacting factors highlight the data science platform market opportunities throughout the forecast period. Factors such as the rising need to extract insights from huge volumes of unstructured and structured data. Also, the increasing demand from enterprises and rising need to make business processes more efficient in boosting the global data science platform market growth. However, the increasing stringency of government regulations and rules is expected to hamper the market growth. Moreover, the increasing need for data security, reliability, and privacy concerns are expected to create lucrative opportunities for the market in the upcoming years.

The report also highlights numerous aspects of the global data science platform industry by evaluating the market through value chain analysis. Besides, the data science platform market report covers various qualitative aspects of the data science platform industry in market drivers, restraints, and key industry opportunities. Furthermore, the report offers a complete assessment of the market competitiveness along with company profiling of local as well as global vendors.

Read complete report at:

The data science platform market has strong competition among the pre-established and new emerging players. Also, the data science platform industry players are targeting prospective markets to capture a competitive advantage over the other industry players by forming agreements, mergers & acquisitions, acquiring new startups & other companies, forming collaboration and partnerships, and expanding their business presence.

Based on industry vertical, the market is bifurcated into government & defense, retail, healthcare, IT & Telecom, BFSI, and others. In 2019, the BFSI segment gathered the highest market revenue and it is anticipated to dominate the data science platform market throughout the forecast period. The dominance of this industry is mainly attributed to the growing usage of data science platforms for risk assessment, marketing analytics, fraud analytics, and other purposes in banking processes. On the contrary, the IT & Telecom industry is projected to gather the major growth rate throughout the forecast period.

The Asia-Pacific region is anticipated to gather the highest growth during the forecast period. The growth of this region is mainly accredited to the large customer base and developing infrastructure for industries such as healthcare, IT & Telecom, and other industries in this region. The North America region dominated the overall market in 2019 and it is expected to maintain its position throughout the forecast period 2020-2025. The dominance of this region mainly attributed to the presence of major market players such as IBM, Microsoft, Google, and others in this region.

The recognized companies are coming up with innovative and new entertainment technologies and solutions. For instance, in January 2019, Hortonworks, a data software company merged into Cloudera, a US-based Software Company. With this merger, the company announced the availability of Cloudera Data Science Workbench (CDSW) on the Hortonworks Data Platform (HDP), which would allow customers to enhance new data product delivery along with the security.

Get 10% discount on purchase at:

Segment Overview of Global Data science platform market

Platform Overview, 2018-2025 (USD Billion)

Managed Services
Professional Services

Application Overview, 2018-2025 (USD Billion)

customer support
Human resource

Industry vertical Overview, 2018-2025 (USD Billion)

IT & Telecom
Government & Defense

Regional Overview, 2018-2025 (USD Billion)

North America
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 972-362 -8199/ +91 9665341414

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Data Science Platform Market Outlook 2020-2025 here

News-ID: 2064483 • Views: 266

More Releases from Adroit Market Research

Electric Bus Market to Remain Growth Proficient with Rapid Adoption in North Ame …
Traditional fuel-based bus networks cause tremendous damage to public health and the environment and this is coining feasible alternatives such as electric buses. Adroit Market Research report finds out more on the growth scope of the global electric bus market in its latest report publication. Request a report sample to gain comprehensive market insights @ Developed economies across Europe and North America are swiftly adapting to electric bus networks, thereby
Metaverse is a Trillion-Dollar Market Opportunity - Adroit Market Research | Fac …
The latest research on Global Metaverse Market Report 2021 offered by Adroit Market Research provides a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. The market Study is segmented by key a region that is accelerating the marketization. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the metaverse market. Report explain some key
Algorithm Trading Industry to Witness Mounting Growth in Approaching Time | Thom …
The global algorithm trading market size is likely to attain over USD 27.03 billion by the year 2028. The report titled as algorithm trading market provide an in-depth outline of the competitive landscape of the market globally, thus helping establishments understand the primary threats and prospects that vendors in the market are dealt with. The report makes use of an effective analysis technique such as SWOT and Porter’s five analysis
Connected Car Market to Receive Overwhelming hike in Revenues by 2028 | Harman, …
Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region - Global Forecast to 2028 The global connected cars market size projected at $ 73.18 billion from $237.1 billion with recorded CAGR of 14.2% during the forecast period. Get Research Insights @ Global connected cars market confirmed remarkable growth in recent years.

All 5 Releases

More Releases for Data

We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data. Specialized components backed up by AI and
Global Data Analytics Outsourcing Market |data analytics outsourcing, big data o …
Market Research Reports Search Engine (MRRSE) has been serving as an active source to cater intelligent research report to enlighten both readers and investors. This research study titled “Global Data Analytics Outsourcing Market “ The report on data analytics outsourcing market provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers major trends and technologies playing
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to
Data Quality and Data Governance Solution Market - Demand For Cost-Effective Dat …
In the enterprise data management ecosystem, data quality is a broad term which refers to the quality, integrity, and consistency of data and/or process etc. Data quality also implies the degree of data accuracy and consistency. On the other hand, data governance focusses on the management of data assets by assigning authority, control, and responsibility of data and encompasses three key areas: people, process, and technology. Data quality and data governance