About Data Science and Machine Learning Platforms
Data Science and Machine Learning Platforms enables businesses to develop and deploy their own data science and machine learning solutions. These platform provides real-time data streaming and more advanced data pipeline to redefine big data into different categories such as actionable and fast data. These platforms are widely being used by data scientists, business analysts, data engineers, and developers in different fields of business to prepare data, build models, and operationalize analytics. In the coming years, adoption of data science and machine learning platforms in various industry verticals is expected to rise exponentially. In addition, the technological advancement and proliferation in data generation will boost the market growth in upcoming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The data science platform market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Data Science and Machine Learning Platforms market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Anaconda (United States), Alteryx (United States), Databricks(United States), Dataiku (United States), DataRobot (United States), Datawatch (United States), Domino Data Lab (United States), Google (United States), H2O.ai (United States) IBM (United States), KNIME (Switzerland), MathWorks (United States) and Microsoft (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are RapidMiner (United States), SAP (Germany), SAS (United States) and TIBCO Software (United States).
Segmentation Overview
AMA Research has segmented the market of Global Data Science and Machine Learning Platforms market by Type (Open-Source Platforms, Cloud-Based Platforms and Integrated Development Environments (IDEs)), Application (Python-based Platforms, Machine Learning Libraries and Frameworks and Cloud-Based Platforms) and Region.
On the basis of geography, the market of Data Science and Machine Learning Platforms 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 Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Data Science and Machine Learning Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Managed Services will boost the Data Science and Machine Learning Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Data Science and Machine Learning Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Functions, the sub-segment i.e. Marketing will boost the Data Science and Machine Learning Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Application, the sub-segment i.e. BFSI will boost the Data Science and Machine Learning Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption Of Big Data Technology
Market Growth Drivers:
Enterprises Focusing On Ease Of Use Methods To Drive Business, Growing Need To Extract In-Depth Insights From Voluminous Data To Gain Competitive Advantage and Increasing Adoption Of Cloud Deployments
Challenges:
Lack of Adequately Skilled Workforce
Restraints:
Data Privacy, Security, And Reliability Concerns
Opportunities:
Higher Inclination Of Enterprises Toward Data-Intensive Business Strategies, Rise In Adoption Of The Internet of Things (IoT) Technology and Proliferation in Data Generation
Market Leaders and their expansionary development strategies
In November 2021,IBM update IBM SPSS modelar 18.2.2 new update with versatile data mining workbench that allow easily and easily develop update model without programming.
In April 2023 — Anaconda Inc., provider of the world’s most popular data science platform, today unveiled its first-ever Data Science Expo taking place in Austin, Texas on April 22, 2023. This event is the first in a series to engage high school and college-level students in building foundational data science and Python skills, regardless of prior experience.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Data Science and Machine Learning Platforms Providers, Cloud Service Providers, Business Solution Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End User Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.