How Data Science Platform Will Dominate In Coming Years?
Data science platform is a software platform is used for integrating and exploring data from various sources. Various organizations are using data science platform to make informed decisions and getting a deeper insight of consumer behavior. Several big market players like Microsoft, and IBM are working rigorously on improving the data science platforms.
Increasing focus towards making informed decisions and getting insights to drive the business, and data governance are the major factors that are expected to drive the growth of this market, whereas, high initial investments and data privacy and security concerns might hinder the growth of this market.
The global data science platform market is segmented on the basis of type and end-user. Based on type, the market is segmented as solution and services. On the basis of the end-user the market is segmented as BFSI, telecommunication, transportation and logistics, healthcare, manufacturing, retail, education, government, energy, and others.
The Prominent Players :
- ALTERYX
- Cloudera
- Datarobot
- Domino Data Lab
- IBM Corporation
- MICROSOFT
- RapidMiner
- TERADATA
- Wolfram
The reports cover key developments in the data science platform market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations.
These activities have paved way for expansion of business and customer base of market players. The market payers from data science platform market are anticipated to lucrative growth opportunities in the future with the rising demand for data science platform in the global market. Below mentioned is the list of few companies engaged in the data science platform market.