Global Data Science Platform Market Expected to Reach XX Million by 2025

2018-03-12 16:24:58

According to a new report published by Reports Monitor titled, “Data Science Platform Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Data Science Platform Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Data Science Platform Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period. 

A data science platform is a software core in which the work related to the data science takes place. The work mainly includes integrating and exploring data from different sources, coding and building models that helps to leverage that data, deploying those models into production, and serving up results.

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There is an increasing advancement in big data technologies which is responsible for the growth of the market. Today, number of organizations are focusing on easy methods to run their business which is the driving factor for the market to grow. The demand for artificial intelligence is more, therefore, there is tremendous increase in machine learning which is responsible for the growth of market.

The factor hampering the growth of the market includes growth of inclination of organization towards data intensive business strategies. The challenges that can strengthen the growth of the market are high investment cost, data privacy, security, and reliability.

Key Question Answered:
What will be the market size in 2025 and at what rate it will grow?
Who are the major key players in global Data Science Platform market and what are their strategies?
Which vertical industry is expected to show major growth?
What segment and region will lead the market and why?

The major companies profiled in the report include: Microsoft Corporation, IBM Corporation, Google Inc., Wolfram, DataRobot Inc., Sense Inc., RapidMiner Inc., Domino Data Lab, Dataiku, Alteryx Inc., and Continuum Analytics Inc.

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