Press release
Data Science Platform Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Data Science Platform
What Is the Expected Data Science Platform Market Size During the Forecast Period?
There has been a tremendous expansion in the data science platform market size in the past few years. The expected growth is from $120.49 billion in 2024 to $154.79 billion in 2025, with a compound annual growth rate (CAGR) of 28.5%. The growth in the previous periods can be traced back to the need for predictive analytics, adherence to regulatory requirements, growth of open-source ecosystems, increase in data complexity and an emphasis on data governance and privacy.
It's predicted that the data science platform market will witness a surge in its size in the upcoming years, reaching a value of $485.95 billion by 2029, with a compound annual growth rate (CAGR) of 33.1%. This robust growth anticipated over the prediction period is primarily due to the rapid expansion of unstructured data, advancements in natural language processing (NLP), the emergence of cross-functional collaboration platforms, and the democratization of data science. Noteworthy trends over the prediction period involve integration with business intelligence, increased applications in data science, constant monitoring and management of models, hyper automation, process combination, as well as the development and versioning of collaborative models, on top of hybrid and multi-cloud deployments.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5442
What Are the High-Growth Segments in the Data Science Platform Market?
The data science platform market covered in this report is segmented -
1) By Type: Solutions, Services
2) By Deployment: Cloud-Based, On-Premise
3) By End User: BFSI, Telecommunication, Transportation And Logistics, Healthcare, Manufacturing, Other End Users
Subsegments:
1) By Solutions: Data Preparation And Cleaning Tools, Machine Learning And AI Tools, Data Visualization Tools, Model Deployment And Monitoring Tools
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Education Services
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5442&type=smp
What Key Drivers Are Expected to Influence Future Data Science Platform Market Growth?
The surge in big data analytics' popularity is predicted to fuel the data science platform market's expansion in the projected period. Big data analytics utilize sophisticated analysis techniques to scrutinize a variety of structured, semi-structured, and unstructured data gathered by businesses and entities. Data science applies advanced analytical methodologies and scientific principles to extract crucial information from this data collection, to aid in corporate decision-making, strategic planning, and other applications. As an illustration, Techjury, an American software firm, forecasts that the big data analytics industry will hit $77 billion by 2023. Hence, the escalating demand for big data analytics underpins the momentum of the data science platform market's progression.
Which Companies Hold the Largest Share Across Different Data Science Platform Market Segments?
Major companies operating in the data science platform market include Microsoft Corporation, Google LLC, International Business Machines Corporation (IBM), Oracle Corporation, Alteryx Inc., SAP SE, Teradata Corporation, TIBCO Software Inc., RapidMiner Inc., MathWorks Inc., SAS Institute Inc., Wolfram Research Inc., Dataiku Inc., Fair Isaac Corporation (FICO), Altair Engineering Inc., DataRobot Inc., Apheris AI GmbH, Anaconda Inc., Amazon Web Services Inc. (AWS), Cloudera Inc., Databricks Inc., Snowflake Inc., accenture* PLC, OpenText Corporation, Splunk Inc., NVIDIA Corporation, Sumo Logic Inc., Sisense Inc., VMware Inc., Ernst & Young (EY), Domino Data Lab Inc., WNS Global Services Pvt. Ltd., BRIDGEi2i Analytics Solutions Pvt. Ltd.
What Trends Are Driving Growth in The Data Science Platform Market?
The trend of utilizing analytic apps is increasingly defining the data science platform marketplace. Numerous leading data science firms using applications are placing a premium on the incorporation of analytics tools to gain a deeper understanding of customer behavior. These data analytics applications can identify app usage, compare download figures and in-app purchases, track and assess KPIs, and provide users with in-app analytics insights, among many other benefits. An example of this trend took place in June 2022 when DataRobot AI Cloud, a US based company known for its focus on automated machine learning, initiated the Google Cloud Marketplace. Thanks to this new marketplace product, organizations such as American Family Mutual Insurance, Randstad North America, and Rentokil Initial can operate DataRobot's AI Cloud alongside their software and data on Google Cloud. This arrangement enables these firms to make the most of Google Cloud's vast portfolio of services, including BigQuery and Vertex AI, to construct, train, and launch models efficiently. It addresses the growing call for hybrid multi-cloud platforms that do away with data silos and boost AI capabilities.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/data-science-platform-global-market-report
What Are the Emerging Geographies for The Data Science Platform Market Growth?
North America was the largest region in the data science platform market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the data science platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Data Science Platform Market?
2. What is the CAGR expected in the Data Science Platform Market?
3. What Are the Key Innovations Transforming the Data Science Platform Industry?
4. Which Region Is Leading the Data Science Platform Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts here
News-ID: 3955851 • Views: …
More Releases from The Business Research Company
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
Polyurethane Foam Market to Record 8.4% CAGR Growth Through 2029 | Global Analys …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Polyurethane Foam Market Outlook: How is the Market Expected to Grow by 2025?
In recent years, the size of the polyurethane foam market has experienced substantial growth. It is projected to increase from a value of $54.27 billion in 2024 to $57.26 billion in 2025, indicating a compound annual growth…
Pharmaceutical Intermediates Market Size to Reach $46.04 Billion by 2029 | Growt …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Pharmaceutical Intermediates Industry?
There has been consistent growth in the market size of pharmaceutical intermediates over the past few years. The market is predicted to increase from a value of $33.37 billion in 2024, up to $34.95 billion in 2025, with a compound…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
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…
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…
