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Data Science Platform Market Expanding at a Healthy 33.6% CAGR, To Reach a Value of USD 79.7 Billion by 2030 | AMR

10-15-2024 07:15 AM CET | IT, New Media & Software

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Data Science Platform Market

Data Science Platform Market

The ๐ƒ๐š๐ญ๐š ๐’๐œ๐ข๐ž๐ง๐œ๐ž ๐๐ฅ๐š๐ญ๐Ÿ๐จ๐ซ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. Advancements in big data technology, emphasis on collecting & using data for decision making, and a surge in reliance on machine learning drive the growth of the global data science platform market. However, high investment cost and issues related to data privacy, security, & reliability hinder the market growth. On the other hand, surge in adoption of cloud-based solutions & services present new opportunities in the coming years.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ (๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง ๐๐ƒ๐… - 301 ๐๐š๐ ๐ž๐ฌ) ๐š๐ญ: https://www.alliedmarketresearch.com/request-sample/2307

The global data science platform market was valued at $4.7 billion in 2020, and is projected to reach $79.7 billion by 2030, growing at a CAGR of 33.6% from 2021 to 2030.

The importance of collecting and using data for better decision making and advancements in big data technology drive the market growth. However, data security & high investment costs and reliability issues observed by the employees hamper the market growth. In addition, targeting untapped and emerging market for data science platforms and adoption of cloud-based solutions and services are expected to provide lucrative opportunities for market growth during forecast period.

Based on components, the platform segment contributed to the highest share in 2020, accounting for more than three-fifths of the total market share. However, the services segment is projected to manifest the highest CAGR of 37.9% from 2021 to 2030.

๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/data-science-platform-market/purchase-options

As per the application, marketing & Sales segment dominated the global market in 2020. This is attributed to the fact that marketing and sales departments of the companies can get more insights into the buyer's persona and spend by generating more Return on Investment. The data science platform is rapidly being used in marketing for channel optimization, lead targeting, customer segmentation, and advanced lead scoring.

However, customer support segment is expected to witness highest growth rate during the forecast period owing to the upsurge in usage of customer service analytics to collect and analyze customer feedback to discover valuable insights.

๐“๐ก๐ž ๐ค๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ฉ๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž

๐’๐€๐ ๐’๐„, ๐€๐‹๐“๐‘๐„๐˜๐—, ๐ˆ๐๐‚., ๐…๐€๐ˆ๐‘ ๐ˆ๐’๐’๐€๐‚ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐ (๐…๐ˆ๐‚๐Ž), ๐‘๐€๐๐ˆ๐ƒ๐Œ๐ˆ๐๐„๐‘ ๐ˆ๐๐‚, ๐ƒ๐€๐“๐€๐ˆ๐Š๐” ๐’๐€๐’, ๐Œ๐ˆ๐‚๐‘๐Ž๐’๐Ž๐…๐“ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐, ๐’๐€๐’ ๐ˆ๐๐’๐“๐ˆ๐“๐”๐“๐„ ๐ˆ๐๐‚., ๐“๐„๐‘๐€๐ƒ๐€๐“๐€ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐, ๐ˆ๐๐“๐„๐‘๐๐€๐“๐ˆ๐Ž๐๐€๐‹ ๐๐”๐’๐ˆ๐๐„๐’๐’ ๐Œ๐€๐‚๐‡๐ˆ๐๐„๐’ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐ (๐ˆ๐๐Œ ๐‚๐Ž๐‘๐๐Ž๐‘๐€๐“๐ˆ๐Ž๐), ๐“๐‡๐„ ๐Œ๐€๐“๐‡๐–๐Ž๐‘๐Š๐’ ๐ˆ๐๐‚

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ž ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/2307

Based on industry vertical, the BFSI segment held the largest share in 2020, accounting for around one-fourth of the global data science platform market. However, the healthcare segment is estimated to witness the largest CAGR of 36.8% during the forecast period.

The advantages of data science platform have become more obvious during the COVID-19 pandemic. The overall lockdown has constrained organizations to move toward digitalization for the arrangement of work from home officers to their employee. The effect of the COVID-19 pandemic is altogether driving the interest for data science platforms as the main technology companies are integrating automation and intelligence into their organizations.

Based on region, North America accounted for the highest share in 2020, contributing to around half of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 35.8% during the forecast period.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/2307

However, customer support segment is expected to witness highest growth rate during the forecast period owing to the upsurge in usage of customer service analytics to collect and analyze customer feedback to discover valuable insights.

๐Ž๐ญ๐ก๐ž๐ซ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

Graph Database Market - https://www.prnewswire.com/news-releases/graph-database-market-to-reach-3-73-bn-globally-by-2026-at-24-5-cagr-allied-market-research-300879212.html

Virtual Router Market - https://www.prnewswire.com/news-releases/virtual-router-market-to-reach-515-mn-globally-by-2025-at-24-4-cagr-says-amr-848148885.html

byod security market - https://www.alliedmarketresearch.com/BYOD-security-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

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๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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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