Global Data Science Platform Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

22 Nov, 2021

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The data science platform market consists of sales of data platform solutions and services by entities (organizations, sole traders, and partnerships) that are used to analyze, organize, and transfer the data. Data science platforms assist businesses in developing analytic models and managing analytic data via software and applications. Data analysis across multiple platforms can assist businesses in gaining insights from user data and marketing campaigns, ultimately assisting in the improvement of strategy and revenue.

Global Data Science Platform Market Size And Drivers:

The global data science platform market is expected to grow from $43.56 billion in 2020 to $57.08 billion in 2021 at a compound annual growth rate (CAGR) of 31%. The change in growth trend of the data science platform market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The data science platform market is expected to reach $163.14 billion in 2025 at a CAGR of 30%. The increase in demand for big data analytics is expected to propel the growth of the data science platform market during the forecast period.

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Trends In The Global Data Science Platform Market

The adoption of analytic apps is shaping the data science platform market. Major data science companies that use applications are focusing on adopting analytics applications that will help them better understand consumer behavior. Data analytic apps can tell users if the app is detected, compare downloads and in-app purchases, monitor, and evaluate KPIs, and give users in-app analytics insights, among other things. For instance, in May 2021, InCorta, Inc., a US-based company that provides data analytics software launched the Incorta Mobile app. The Incorta Mobile App allows Incorta users to access, evaluate, and analyze business information from anywhere, at any time, with the ability to drill down into particular transaction details.

Global Data Science Platform Market Segments:
The global data science platform market is further segmented –
By Type: Solutions, Services
By Deployment: Cloud-Based, On-Premise
By End User: BFSI, Telecommunication, Transportation And Logistics, Healthcare, Manufacturing, Others
By Geography: The global data science platform market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Data Science Platform Market At:

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Data Science Platform Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides data science platform market overviews, analyzes and forecasts market size and growth for the global data science platform market, data science platform market share, data science platform market players, data science platform market segments and geographies, data science platform market’s leading competitors’ revenues, profiles and market shares. The data science platform market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.