Data Science Platform Market
Global Data Science Platform Market Size, Share & Trends Analysis Report By Deployment Type (Cloud-Based and On-Premises), By Business Function (Marketing, Sales, Logistics, and Others), By Industry Verticals (IT & Telecommunication, Healthcare, BFSI, Manufacturing, Retail, and Others), and Forecast 2019-2025 Update Available - Forecast 2024-2030
The data science platform market is anticipated to grow at a significant CAGR of over 25% during the forecast period. Data science platforms are generally used by scientists for various common purposes such as to plan strategy, uncover actionable insights from data and communicate those insights throughout an enterprise within a single environment. Data science platforms include a variety of technologies for machine learning and other advanced analytics uses.
The major factor contributing to the growth of the global data science platform market include the increasing adoption of data science platforms among various enterprises, which has aided enterprises in addressing the business queries with the help of actionable insights delivered. This, in turn, has resulted in an enhanced and maximized Return on Investment (ROI) of the enterprises. Moreover, the radical changes in the roles of IT and analytics in various businesses will also aid the growth of the data science platform industry considerably. However, the high cost associated with the implementation and maintenance of the data science platform will restrict the growth of the market.
Segmental Outlook
The global data science platform market is segmented on the basis of deployment type, business function, and industry verticals. Based on deployment, the market is bifurcated into a cloud-based data science platform and on-premises data science platform. Based on the business function, the market is sub-segmented into marketing, sales, logistics, and others. Based on the industry verticals, the market is sub-segmented into IT & telecommunication, healthcare, BFSI, manufacturing, retail, and others.
Global Data science platform Market Share by Industry Verticals, 2018 (%)
Industry Verticals Insights: Healthcare to Hold Significant Share in the Market
The healthcare segment is anticipated to hold a significant share in the market owing to the increasing demand to effectively manage the extensive amount of data generated all across the globe. The R&D activities are growing rapidly in the healthcare sector which is driving the requirement of data science platforms to draw the conclusions and make efficient decisions based on data. The use of data science platforms in healthcare will also improve safety and quality with the comprehensive data science strategy, which in turn, will drive the data science platform market during the forecast period.
Regional Outlooks
The global data science platform market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest market share in the data science platform during the forecast period. The growth of the region is owing to the surge in the adoption of technological advancements to by various end-user industries to enhance their decision making with better insights. Along with North America, Europe is also anticipated to grow simultaneously due to the ability to adapt to the changes in technology in both regions.
Global Data Science Platform Market Growth by Region, 2019-2025
Asia-Pacific to Augment with the Fastest Growth Rate in the Global Data Science Platform Market
Asia-Pacific is anticipated to exhibit the fastest growth rate in the data science platform market due to the increasing presence of many capital-intensive industries across the region that are adopting data science platforms. Additionally, the rapid development of cellular infrastructure is also driving the adoption of a data science platform across the region. Moreover, investments by major data science technology companies such as Google LLC, IBM Corp., SAP SE in the region are also expected to fuel the growth of the data science platform during the forecast period.
Market Players Outlook
Some of the key players operating in the data science platform market include IBM Corp. Google LLC, Microsoft Corp., SAS Institute Inc., Cloudera Inc., Oracle Corp., Alteryx Inc., Altair Engineering Inc., and others. The market players are considerably contributing to the market growth by adopting various strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
Recent Activities
- In February 2020, Oracle announced the availability of the Oracle Cloud Data Science Platform, to aid enterprises to collaboratively build, train, manage and deploy machine learning models for increasing the success of data science projects.
- In April 2019, Alteryx, Inc. completed the acquisition of Clear Story Data. The acquisition aids the company through the process of accelerating innovation in the data science and analytics market. This combination of companies will also aid to make smart data discovery and model building more accessible to the business.
- In May 2018,IBM Corp.’s Europe location introduced IBM Cloud Private for Data that is an end-to-end solution for all data and analytic requirements within any enterprise. It enables enterprises to collect, organize, and analyze their data so that it is ready for various AI applications. The solution also encourages collaboration and communication by removing divisional barriers within any enterprise.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global data science platform market. Based on the availability of data, information related to products& services, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Business Functions and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Google LLC
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Cloudera, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Microsoft Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. IBM Corp.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. SAS Institute Inc.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Data Science Platform Market by Deployment Type
5.1.1. Cloud-Based
5.1.2. On-Premises
5.2. Global Data Science Platform Market by Business Function
5.2.1. Marketing
5.2.2. Sales
5.2.3. Logistics
5.2.4. Other Applications
5.3. Global Data Science Platform Market by Industry Verticals
5.3.1. IT & Telecommunication
5.3.2. Healthcare
5.3.3. BFSI
5.3.4. Manufacturing
5.3.5. Retail
5.3.6. Others
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Altair Engineering Inc.
7.2. Alteryx, Inc.
7.3. Anaconda Inc.
7.4. Civis Analytics, Inc.
7.5. Cloudera, Inc.
7.6. Databricks, Inc.
7.7. Dataiku, Inc.
7.8. Domino Data Lab, Inc.
7.9. Google LLC
7.10. H2O.ai, Inc.
7.11. IBM Corp.
7.12. KNIME AG
7.13. Microsoft Corp.
7.14. Oracle Corp.
7.15. Rapid Insight
7.16. RapidMiner, Inc.
7.17. Rexer Analytics
7.18. RStudio, PBC
7.19. SAP SE
7.20. SAS Institute, Inc.
7.21. The MathWorks, Inc.
7.22. Wolfram Research, Inc.
1. GLOBAL DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2018-2025 ($ MILLION)
2. GLOBAL CLOUD-BASED DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL ON-PREMISES DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2018-2025 ($ MILLION)
5. GLOBAL DATA SCIENCE PLATFORM FOR MARKETING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL DATA SCIENCE PLATFORM FOR SALES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL DATA SCIENCE PLATFORM FOR LOGISTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL DATA SCIENCE PLATFORM FOR OTHER BUSINESS FUNCTIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2018-2025 ($ MILLION)
10. GLOBAL DATA SCIENCE PLATFORM IN IT & TELECOMMUNICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL DATA SCIENCE PLATFORM IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL DATA SCIENCE PLATFORM IN BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL DATA SCIENCE PLATFORM IN MANUFACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL DATA SCIENCE PLATFORM IN RETAIL MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
15. GLOBAL DATA SCIENCE PLATFORM IN OTHER INDUSTRY VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
16. GLOBAL DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
17. NORTH AMERICA DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
18. NORTH AMERICAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2018-2025 ($ MILLION)
19. NORTH AMERICAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2018-2025 ($ MILLION)
20. NORTH AMERICAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2018-2025 ($ MILLION)
21. EUROPEAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. EUROPEAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2018-2025 ($ MILLION)
23. EUROPEAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2018-2025 ($ MILLION)
24. EUROPEAN DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION,2018-2025 ($ MILLION)
25. ASIA-PACIFIC DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
26. ASIA-PACIFIC DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2018-2025 ($ MILLION)
27. ASIA-PACIFIC DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2018-2025 ($ MILLION)
28. ASIA-PACIFIC DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2018-2025 ($ MILLION)
29. REST OF THE WORLD DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT TYPE, 2018-2025 ($ MILLION)
30. REST OF THE WORLD DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY INDUSTRY VERTICALS, 2018-2025 ($ MILLION)
31. REST OF THE WORLD DATA SCIENCE PLATFORM MARKET RESEARCH AND ANALYSIS BY BUSINESS FUNCTION, 2018-2025 ($ MILLION)
1. GLOBAL DATA SCIENCE PLATFORM MARKET SHARE BY DEPLOYMENT TYPE, 2018 VS 2025 (%)
2. GLOBAL DATA SCIENCE PLATFORM MARKET SHARE BY BUSINESS FUNCTION, 2018 VS 2025 (%)
3. GLOBAL DATA SCIENCE PLATFORM MARKET SHARE BY INDUSTRY VERTICALS, 2018 VS 2025 (%)
4. GLOBAL DATA SCIENCE PLATFORM MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
7. UK DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD DATA SCIENCE PLATFORM MARKET SIZE, 2018-2025 ($ MILLION)
