Data Science Platform Market

New product launches and enhancements; and partnerships, acquisitions, and collaborations have been the most adopted strategies by the major players in Data Science Platform Market

The global data science platform market is expected to grow from USD 37.9 billion in 2019 to USD 140.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 30.0% during the forecast period. Major growth factors for the market include the growing need to gain insights from voluminous data to gain a competitive advantage and enable data-driven decisions in enterprises.

The data science platform market comprises leading solution providers, such as IBM Corporation (US), Microsoft Corporation (US), Alphabet Inc. (Google) (US), Altair Engineering, Inc. (US), Alteryx, Inc. (US), MathWorks  (Australia), SAS Institute Inc. (US), RapidMiner, Inc. (US), Cloudera, Inc. (US), Anaconda, Inc. (US), Wolfram (US), Dataiku (US), Civis Analytics (US), H2O.ai. (US), Domino Data Lab, Inc. (US), RStudio, Inc. (US), Rapid Insight (US), DataRobot, Inc. (US), Rexer Analytics (US), SAP (Germany), and Databricks (US). The study includes an in-depth competitive analysis of the key players in the data science platform market, along with their company profiles, recent developments, and key market strategies. The players in the market have embraced various strategies to expand their presence and market shares. New product launches and enhancements; and partnerships, acquisitions, and collaborations have been the most adopted strategies by the major players from 2017 to 2019, which helped them innovate their offerings and increase their customer base.

To know about the assumptions considered for the study download the pdf brochure

Microsoft (US) is one of the leaders in the data science platform market. It adopts a balanced approach toward growth strategies and continues to enhance its expertise through constant product enhancements, technology acquisitions, collaborations, and partnerships. For instance, in October 2019, Microsoft partnered with Novartis to become its data science and AI partner. The two major objectives of this alliance were AI empowerment and AI exploration that would help develop next-gen AI platforms.

Alphabet Inc. (Google) (US) is another established player in the data science platform market. The company offers a cloud-based AI platform for data science. The platform enables developers and data scientists to build, train, and deploy ML models in a rapid manner. The company has adopted various organic and inorganic growth strategies to strengthen its product portfolio. For instance, in June 2019, Google acquired Looker to provide an improved analytical solution to Google Cloud Platform (GCP) customers and help organizations take the maximum advantage of analytics, ML, and AI. It also launched a new AI platform that has an integrated toolchain to assist in building and running ML applications. The platform will make the development of ML projects easier.

Related Reports:

Data Science Platform Market by Component (Platform and Services), Business Function (Marketing, Sales, Logistics, and Customer Support), Deployment Mode (On-Premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2024

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
TC 5003
RI Published ON
2/10/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Data Science Platform Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2021 MarketsandMarkets Research Private Ltd. All rights reserved