U.S (New York) – New research study titled “Data Science Platform Market” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
Data science platform is a framework that governs the lifecycle of any data science project, which employs techniques and theories drawn from various fields such as mathematics, statistics, information science, etc. It contains all the tools required to execute a lifecycle that spans different phases such as data ideation, model development, and model deployment. It helps data scientists enhance their analysis by helping them track, share, reproduce, run, and deploy analytical models faster.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The advancement of big data technology and a realization of the importance of collecting and using data for decision making are anticipated to drive the data science platform market growth during the forecast period. However, high investment costs, data privacy & security, and reliability issues observed by the employees are projected to hamper the data science platform market growth.
The data science platform market is segmented on the basis of type, end user, and region. Based on type, it is categorized into solutions and services. Based on end users, the market is classified into banking and financial services, insurance (BFSI); telecommunication; healthcare; transportation & logistics; manufacturing, and others (retail, education, government, energy, & utilities). The data science platform market is analyzed based on four regions-North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS
This study provides an in-depth analysis of the global data science platform market, along with the current and future trends to elucidate the imminent investment pockets.
Information regarding key drivers, restraints, and opportunities, along with their impact analysis on the data science platform market size has been provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers that operate in the industry.
The quantitative analysis of the global data science market from 2017 to 2023 has been provided to determine the market potential.
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KEY MARKET PLAYERS PROFILED IN THE REPORT
Microsoft Corporation
IBM Corporation
SAS Institute, Inc.
SAP SE
RapidMiner, Inc.
Dataiku SAS
Alteryx, Inc
Fair Issac Corporation (FICO)
MathWorks, Inc
Teradata, Inc.
KEY MARKET SEGMENTS
The data science platform market is segmented based on type, end user, and geography.
BY TYPE
Solutions
Services
BY END USER
BFSI
Telecommunication
Transportation and Logistics
Healthcare
Manufacturing
Others (retail, education, government, energy, and utilities)
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BY REGION
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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