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(Hosting-NewsWire.com, August 06, 2018 ) Market Overview: -
Data Science Platform Market size is predicted to witness significant growth during the forecast timeframe. Businesses have transitioned their focus from profit-centric to customer-centric approach. This has caused a rising integration of predictive modeling and advanced analytics into business processes to optimize decision making in order to provide value to customers.
An ineffective flow of information across disconnected tools has given rise to the necessity of a data science platform that allows smooth functioning between the various software. This software provides highly efficient tools to integrate and explore information acquired from various sources ensuring simplicity in data organization, transparency and scalability of the work performed.
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Top Key Players: -
Players operating in the Data Science Platform Market include IBM Corporation, Google, Domino Data Lab, Sense Inc., Wolfram, Datarobot, Inc., Continuum Analytics, and Rapidminer, Inc. They are adopting business strategies such as agreements, partnerships, collaborations, software developments and upgradations. In September 2016, Microsoft and Adobe entered a strategic partnership to boost its cloud capabilities that help enterprises to offer personalized experiences through various phases of customer relationship management. This partnership will aid businesses to empower their brands through Microsoft Azure, Microsoft Dynamics 365, and Adobe Marketing Cloud. In October 2016, IBM released the Watson platform to allow data scientists to incorporate artificial intelligence into businesses.
Market share calculation in this report is not done based on companies covered in it. The calculation of data science platform market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
The U.S data science platform market is expected to acquire a large industry share attributing to the presence of many capital-intensive industries across this region. Growing awareness of the benefits of these platforms, enterprises will be predicted to integrate the systems into their operational system to enable them to gain a competitive advantage in the marketplace.
APAC revenue is driven by India, which is predicted to encounter a high growth rate due to exponential increase in foreign direct investments, lenient government policies encouraging the development of industrialization. Furthermore, digitalization, and smart city initiatives will intensify the adoption of these platforms in the region.
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Based on application, the industry is segmented into BFSI, healthcare, manufacturing, media and entertainment, information technology and telecommunication, retail and consumer goods, government and defense, transportation and logistics, energy and others. The BFSI segment is predicted to dominate the industry over the forecast period. The data science platform market helps financial institutes to manage risks that arise due to poor quality of information collected. Ease of fetching of customer information from various channels, for instance ATMs and POS terminals, have increased the adoption of this software. The manufacturing market will also grow at a rapid rate owing to such technologies facilitating real-time analytic streaming acquired from sensors and devices located at the factory floor.
The deployment model segment is bifurcated into on premise and cloud-based deployment model. On premise segment will hold a significant industry share in the data science platform market due to confidentiality and privacy of organizational data. Cloud based systems are gaining in prominence across organizations, which will further propel the industry growth.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com
Source: EmailWire.com
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