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.
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.
The logistics business function held the largest market during 2013-2026. Data science in logistics is gaining significant interest from enterprises and corporates to address number of critical business queries that deliver valuable insights to the top management and help in maximizing return on investment (RoI). Factors driving the growth of data science platform market in logistics include higher customer satisfaction, seamless global expansion, robust transport network, and effective delivery system.
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/data-science-platform-market/report-sample
The evolution of internet of things (IoT) and related connected technologies generates massive amount of data through device such as smartphones, routers, and switches. Rapid advancement in big data analytics has made organizations realize the benefits of dealing with the structured and unstructured data to produce actionable insights, which are valuable for business continuity.
MARKET SEGMENTATION
By Business Function
Logistics
Marketing
Sales
Customer Support
Human Resource
Others
By Deployment Type
On-Premise
On-Demand
By Industry Vertical
BFSI
Health and Life Sciences
IT and Telecom
Retail and Consumer Goods
Media and Entertainment
Manufacturing
Transportation and Logistics
Others
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.
Explore Full Report Description At@ https://www.psmarketresearch.com/market-analysis/data-science-platform-market
