Data Science Platform Market Trends, Opportunities, and Forecast by 2031

MARKET OVERVIEW

Data science platform is a software platform is used for integrating and exploring data from various sources. Various organizations are using data science platform to make informed decisions and getting a deeper insight of consumer behavior. Several big market players like Microsoft, and IBM are working rigorously on improving the data science platforms.

MARKET SCOPE

The "Global Data Science Platform Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the data science platform market with detailed market segmentation by business function, component, end user, and geography. The report provides key statistics on the market status of the leading data science platform market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on business function, the global data science platform market is segmented into type marketing, logistics, operations, sales, and others.
  
•   On the basis of component, the market is segmented into platform and services.
  
•   Based on end user, the market is segmented into BFSI, telecommunication, transportation and logistics, healthcare, manufacturing, retail, education, government, energy, and others.
  

MARKET DYNAMICS

Drivers:

•   Increasing focus towards making informed decisions and getting insights to drive the business, and data governance are the major factors that are expected to drive the growth of this market.
  

Restraints:

•   High initial investments and data privacy and security concerns might hinder the growth of this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The data science platform market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the data science platform market in these regions.

IMPACT OF COVID-19ON DATA SCIENCE PLATFORM MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the data science platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from data science platform market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the data science platform market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   ALTERYX INC.
  
•   CLOUDERA INC.
  
•   DATAROBOT INC.
  
•   DOMINO DATA LAB INC.
  
•   Databricks
  
•   IBM CORPORATION
  
•   Rexer Analytics
  
•   RAPIDMINER INC.
  
•   RAPID INSIGHT
  
•   WOLFRAM
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Data Science Platform Report Scope