Chicago, Aug. 17, 2022 (GLOBE NEWSWIRE) — Data Science Platform market size is projected to grow from USD 95.3 billion in 2021 to 322.9 USD billion in 2026, at a Compound Annual Growth Rate (CAGR) of 27.7% during the forecast period, according to a new report by MarketsandMarkets™. The Data Science Platform industry is driven by Astonishing growth of big data, however, rising in adoption of cloud-based solutions, rising application of the data science platform in various industries and Growing need to extract in-depth insights from voluminous data to gain competitive advantage.
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310 – Tables
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349 – Pages
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According to Oracle, data science is an interdisciplinary field that uses scientific methods, processes, algorithms, and systems to extract value from data. Data scientists combine a range of skills, including statistics, computer science, and business knowledge, to analyze data collected from the web, smartphones, customers, sensors, and other sources.
Data science platform is the combination of statistical, mathematical, and programming techniques that use Machin Learning (ML) algorithms and advanced analytics to uncover insights from data and automate data processing activities, such as data discovery, data cleansing, data preparation, data analysis, and data visualization. It helps organizations in making data-driven decisions to enhance operational efficiency and improve customer experience.
Scope of the Report
| Report Metrics | Details |
| Market size available for years | 2016–2026 |
| Base year considered | 2021 |
| Forecast period | 2021–2026 |
| Forecast units | Value (USD Million) |
| Data Science Platform Market Size in 2020 |