Technological advancements, especially in big data analytics and increasing adoption of various data analytical tools in industries across developed countries is a major factor driving growth of the target market. In addition, increasing adoption of various cloud based technologies and increasing data collection & analysis from mobile devices are other major factors expected to boost growth of the global data science market over the forecast period. Furthermore, factors boosting the global market include data explosion, the realization of the importance of data science by organizations, increase in data collection & analysis from mobile devices. Higher inclination of enterprises towards data intensive business strategies is the opportunity for the key market players.Data Science Market was valued at US$ 80.5 billion in 2024 and is projected to grow at a CAGR of 31.0% to reach US$ 941.8 billion by 2034.

The report "Data Science Market, By Types (Solution and Services), By End-User (Banking and Financial Institutions (BFSI), Telecommunication, Transportation and Logistics, Healthcare, and Manufacturing), and Region - Global Forecast to 2034"

Key Highlights:

• In 2016, Microsoft Corporation launched the next generation SQL Server and Azure Data Lake, and several new skills including Kafka for HDInsight, DocumentDB Emulator, and R Server for Azure HDInsight to aid makers build intelligent applications.
• In 2016, IBM Corporation launched Watson Data Platform which brings data ingestion engine and cognitive powered decision-making tools that allows data scientists to influence AI for business use.

Key Market Insights from the report:          

Data Science Market was valued at US$ 80.5 billion in 2024 and is projected to grow at a CAGR of 31.0% to reach US$ 941.8 billion by 2034.The market report has been bifurcated on the basis of type, application, and region.

• By type, the global data science market is segmented into solution and services.
• By end-user, the global data science market is categorized into banking and financial institutions, telecommunication, transportation and logistics, healthcare, and manufacturing
• By region, market in North America accounts for highest share in the global market in revenue terms, owing to increasing awareness about data security and high adoption of data analytic tools in the region. The market in Europe has the second-largest market in terms of revenue share in the global data science market due to rise in the trend of preferring cloud and big data technologies in the region.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on " Data Science Market, By Types (Solution and Services), By End-User (Banking and Financial Institutions (BFSI), Telecommunication, Transportation and Logistics, Healthcare, and Manufacturing), and by Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa)- forecast till 2034"

The prominent player operating in the data science market includes Microsoft Corporation, IBM Corporation, SAS Institute, Inc., Fair Isaac Corporation (FICO), SAP SE, Rapid Miner, Inc., Datalink SAS, Apteryx, Inc., and Math Works, Inc.

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