Title: Data Science Platform Market Worth $183,688 Million, Globally, by 2023
1DATA SCIENCE PLATFORM MARKET
GLOBAL OPPORTUNITY AND FORECAST 2017- 2023
2 DATA SCIENCE PLATFORM MARKET ANALYST REVIEW
Top executives have realized that the use of data
science platform is extremely important and data
analytics is going to shift the competitive
landscape globally. Hence, organizations look at
data science investments as ROI-based valuation,
wherein they allocate budget for existing
strategies and decide whether to invest in data
acquisition, in developing a complex model or in
both. Apoorv Tailang Research Analyst, ICT at
AMR
3 CURRENT AND FUTURE MARKET SCENARIO
- The global data science platform market was
valued at 19,621 million in 2016. - The global data science platform market is
projected to reach at 183,688 million by 2023. - The global data science platform market growing
at a CAGR of 39.6 from 2017 to 2023. - The solutions segment dominated the market in
2016. - The manufacturing segment is expected to register
the highest CAGR during the forecast period.
4TOP IMPACTING FACTORS TO MARKET GROWTH
- Data Explosion
- Data is growing in an exponential manner. About
90 of the data that currently exists in the
world has been created in the past few years. - Realization of Importance of Data Science
Platform by Organizations - Data science platforms help organizations to be
proactive and predictive. It allows them to take
actions to optimize outcomes rather than being
reactive. - Adoption of Cloud-based Solutions and Services
- Cloud-computing, an exciting and nascent, yet the
fastest-growing technology in the data science
platform industry, enables significant value
addition to prominent players. - Target Untapped and Emerging Markets
- Data science platform industry has created the
opportunity to transform in all sectors. There
are many untapped markets such as telecom
industry, video analysis, etc., which has a
promising future.
5DATA SCIENCE PLATFORM MARKET SEGMENTATION
- BY TYPE
- Solutions
- Services
- BY END USER
- BFSI
- Telecommunication
- Transportation and Logistics
- Healthcare
- Manufacturing
- Others (retail, education, government, energy,
and utilities)
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6The solutions segment dominated the market in
2016.
The manufacturing segment is expected to register
the highest CAGR during the forecast period.
7 GEOGRAPHICAL OVERVIEW
- Based on region, it is analyzed across North
America, Europe, Asia-Pacific, and LAMEA. - North America was the highest contributor in the
overall data science platform market size in
2016 however, in terms of growth, Asia-Pacific
is estimated to show highest growth rate. - U.S. led in terms of expenditure, on data science
platform solutions and services, in 2016.
8DOMINATING MARKET PLAYERS PROFILED IN THE STUDY
- Microsoft Corporation
- IBM Corporation
- SAS Institute Inc.
- SAP SE
- Rapid Miner Inc.
- Dataiku SAS
- Alteryx Inc.
- Fair ISSAC Corporation (FICO)
- Math Works Inc.
- Teradata Inc.
9 A Report Titled Data Science Platform Market-
Opportunities And Forecast, 2017 2023 has been
recently published by Allied Market Research. It
makes an In-depth Analysis of current trends,
drivers, and restraining factors that affect
Financial Ratios relevant to the industry.
Company profiles for key vendors in business
builds a comprehensive picture of profitable
opportunities from Stakeholders Perspective. To
Know More About Data Science Platform Market-
Opportunities and Forecast 2017 -
2023 https//www.alliedmarketresearch.com/data-sci
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