Data Science Platform Market Outlook, Opportunities, Challenges, Trends, Size and Growth and Competitive Analysis

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India Electric Bus Market Overview, Type, Length,
Battery, Region, Growth and Demand Forecast,
2017-2025      
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Global Data Science Platform market worth
1,95,677.5 million in 2016 The study reveals
that the global data science platform market is
likely to grow from 19,447.0 million in 2016 to
1,95,677.5 million by 2023. Due to significant
growth in technologies such as IoT and
advancement in big data analytics, the global
data science platform market in gaining
traction. Insights on Market Segments As per
the findings of the research, based on business
functions, logistics led the global data science
platform market in 2016. Among deployment types,
on-premise deployment witnessed the higher growth
in demand of data science platform in 2016. Among
the industry verticals, demand for data science
platform from healthcare industry is expected to
generate largest revenue for the global data
science platform market during the forecast
period, however, the demand is expected to grow
at the fastest rate from transportation and
logistics industry in the coming years.
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The market is expected to witness the fastest
growth in Asia-Pacific during forecast
period Geographically, North America has been
the largest market for data science platform,
whereas Asia-Pacific is expected to witness
highest growth among all regions due to growth of
digitalization, smart city initiatives by various
governments, increase in foreign direct
investment (FDI) for smart technologies, and
adoption of big data analytics at a significant
growth rate in the region. Further, due to the
growing economic prosperity of Asia and improving
technology infrastructure, the region has high
tendency to adopt data science platform solution
at a rapid scale in near future. Advancement in
big data technologies bolsters the global data
science platform market growth The factors
driving the growth of the global data science
platform market includes rapid advancement in big
data technologies globally, need for ease of use
technological methods to drive business
effectiveness, and demand for big data analysis
to gain deeper insights into consumer buying
patterns.
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Moderate competition among players in the global
data science platform market The research states
that the global data science platform market is
moderately competitive with players continuously
upgrading their offerings according to the market
dynamics. Some of the key players in the data
science platform ecosystem offering various
product and services are Microsoft Corporation,
Goggle, Inc., IBM Corporation, Wolfram, DataRobot
Inc., Sense Inc., RapidMiner Inc., Domino Data
Lab, and, Alteryx, Inc. Most of the vendors
prevailing in the global data science platform
market are actively participating in organic and
inorganic strategies. Many of them are entering
in strategic partnership to help the companies in
digital transformation, while others are
enhancing their offerings for higher personalized
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