What is Data Science Platform Services?
The global data science platform services market is expected to grow at a slow pace during the forecast period, according to the AMA study. The increasing demand for automation across different end use industries such as automobiles, aerospace, power generation, and introduction of autonomous behicles are some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
The market study is broken down, by Application (Marketing, Sales, Logistics, Finance & Accounting, Customer Support and Others) and major geographies with country level break-up.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Data Science Platform Services market throughout the predicted period.
Microsoft (United States), Oracle (United States), SAP (Germany), IBM (United States), Altair m(United States), Google Inc (United States), Cloudera (United States), Databricks (United States), SAS Institute (United States), Civis Analytics (United States), Rapidminer (United States), Mathworks (United States) and Domino Data Lab (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Data Science Platform Services market by Type, Application and Region.
On the basis of geography, the market of Data Science Platform Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise Size, the sub-segment i.e. SMEs will boost the Data Science Platform Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Data Science Platform Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Data Science Platform Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software {On-Premise, Cloud Based} will boost the Data Science Platform Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In Februray 2020, Oracle announced that it has launched Cloud Data Science Platform which helps enterprises to collaboratively build, train, manage and deploy machine learning models to increase the success of data science projects.
Stringent Worldwide Government Regulations Regarding Lock-Down of Markets & Cities Across Different Countries of the World to Avoid the Spread of COVID-19
Market Trend
- Implementation of Artificial Intelligence in Data Science Platform
Market Drivers
- Rising Focus of Enterprises to Adopt Ease of Use Methods to Drive Dusiness
- Growing Need to Extract In-depth Insights from Voluminous Data to Gain Competitive Advantage
Opportunities
- Industry 4.0 is Expected to Create Huge Opportunities for the Market Vendors During the Forecast Period
- Higher Inclination of Enterprises Towards Data-Intensive Business Strategies
Restraints
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
Challenges
- Lack of Skilled Workforce
About Approach
During this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Customization available in this Study:
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