Data Science Platform Market Size & Share Estimated to Reach USD 695.0 Billion by 2030, Growing at 27.6% CAGR Annually: Polaris Market Research – QNT Press Release

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NEW YORK, Nov. 28, 2022 /PRNewswire/ — Polaris Market Research recently published [115+ Pages] research report on “Data Science Platform Market Share, Size, Trends, Industry Analysis Report, By Business Function (Marketing, Sales, Logistics, Finance & Accounting, Customer Support, Others), By Deployment Model; By Component; By Industry Vertical; By Region; Segment Forecast, 2022-2030” in its research database.

According to the recent research study, the global data science platform market size & share was valued at USD 95.31 billion in 2021 and is expected to reach around USD 695.0 Billion by 2030, growing at a CAGR of 27.6% during the forecast period.

What is Data Science Platform? How Big is Size & Share of Data Science Platform Market?

  • Overview

Data science platform is software that provides access to a variety of tools and data sources for machine learning and advanced analytics. These platforms enable data scientists to develop strategies, explore data, and distribute that data throughout an enterprise in a single platform. Data science project include different tools required for each stage of the modeling process. Therefore, it is necessary to have a centralized location where teams can collaborate on those projects.

This software helps to delegate various low-value tasks, reduce engineering effort, enhance cooperation among data scientists, and improves business productivity. The data science platform market size is largely driven by the growing big data industry worldwide. The huge advances development log of as Artificial Intelligence (AI), streaming analytics, and the Internet of things (IoT), and streaming analytics is supporting the growth of big data.

Request Sample Copy of “‘ Data Science Platform Market” Research Report @ https://www.polarismarketresearch.com/industry-analysis/data-science-platform-market/request-for-sample

Key Highlights of the Report

  • Market value data for each segment and sub-segment
  • Analysis by geography with consumption of the product/service in the region
  • Competitive landscape, which incorporates the extensive company profiles
  • The current as well as the future outlook of the industry with respect to recent developments
  • In-depth analysis of market perspectives through Porter’s five forces analysis
  • Dynamics scenario, along with growth opportunities market
  • Key strategic initiatives taken by major players

Some of the Top Players in the Global Market Are:

  • Altair
  • Alteryx
  • Anaconda
  • AWS
  • Cloudera
  • Databricks
  • Google
  • IBM
  • Mathworks
  • Microsoft
  • Rapidminer
  • SAS
  • Snowflake
  • Teradata
  • Tibco

For Additional List of Players and Detail Information, Download a Report PDF Brochure

Growth Driving Factors

  • Rising technological development pushes market

The increasing investment in research and development and rising technological development are unticking the data science platform market sales. Rising demand for cloud-based data science platforms, along with increased adoption of data science platform in countries like BrazilAfrican countries, and the Gulf Cooperation Council (GCC) countries, has been accelerating the data science platform industry demand. An increased volume of data generated by various enterprises is another key factor propelling market development. For instance, as per estimation by Seagate, The storage solutions provider, the volume of data created worldwide will grow to 175 ZB by 2025.

Moreover, the growing adoption of cloud-based solutions and…

Full story available on Benzinga.com

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