What is Data Science and ML Platforms?
Data science and ML platforms are software products that data scientists use to help them develop and deploy their own data science and machine-learning solutions. It is a cohesive software application that offers a mixture of basic building blocks essential both for creating many kinds of data science solutions and incorporating such solutions into business processes, surrounding infrastructure, and products. Machine learning is a popular subset of data science that warrants specific attention when evaluating these platforms.
The market study is broken down and major geographies with country level break-up.
The Global Data Science and ML Platforms is a fragmented market due to the presence of various players. The players are focusing on investing more in research & development activities and investing in it. These will boost new launches and enhance their market presence. The companies are also planning n strategic activities like mergers, acquisitions, and partnerships, which will help sustain them in the market and maintain their competitive edge. 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.
MathWorks (United States), Alteryx (United States), IBM (United States), Dataiku (United States), DataRobot (United States), SAS (United States), Databricks (United States), KNIME (United States), Amazon Web Services (AWS) (United States) and Google (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 and ML Platforms market by Type, Application and Region.
On the basis of geography, the market of Data Science and ML Platforms has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Enterprises (SMEs) will boost the Data Science and ML Platforms 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 and ML 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-based will boost the Data Science and ML Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Banking will boost the Data Science and ML Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 23rd September 2021, Amazon Web Services (AWS) announced the launching of data centers in New Zealand in 2024. The infrastructure hub will be owned and operated by a local AWS entity and allows developers, start-ups, government, and other organizations to use the data centers located in New Zealand.
Market Trend
- Technological Advancement over the Globe
Market Drivers
- Increasing Application of Data Science and ML Platforms to Build Models in Manufacturing Sector
Opportunities
- Growing Demand from Educational Institutes can create Opportunities for the Market Growth
- The surge in Data and its Correlated Fields
Restraints
- Concerns Related to Data Privacy
Key Target Audience
Data Science and ML Platforms Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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 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.