Artificial Intelligence
Data Science Platform Market Is Expected To Reach around USD 378.7 Billion by 2030, Grow at a CAGR Of 16.43% during Forecast Period 2023 To 2030 | Data By Contrive Datum Insights Pvt Ltd.
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Farmington, March 09, 2023 (GLOBE NEWSWIRE) — The Data Science Platforms Market Size Was Estimated At USD 96.3 Billion In 2021, And It Is Expected To Hit Around USD 378.7 Billion By 2030, Poised To Grow at a CAGR Of 16.43% Over The Forecast Period 2022 To 2030. As more money is put into research and development, technology is developing quickly. As businesses grow, they need more and more technology that can help them to more productive and efficient. Software and platforms are being used more and more because of technological advances like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). Advanced tools and platforms for processing data are helping businesses grow a lot as the amount of data they have to deal with grows every day.
One of the most popular types of software in use today is a platform for data science. This software has a number of advanced analytics and machine learning techniques. It gives data scientists the chance to build skills, find insights in data, and share what they’ve learned through solo projects. Data science projects are made up of different tools that are made for each step of the data modelling process.
Today, more and more people are using platforms for data science. This software gives you open-source tools that are very flexible and can be used with a wide range of computer resources. It is also easy to fit into different data architectures. Also, the platform has version control, which lets data science groups work together on projects without losing work that was just finished. These benefits are making a big difference in the growth of the market.
Request Sample Copy of Report “Data Science Platform Market Size, Share & Trends Estimation Report By Component (Platform, Services {Professional Services, Managed Services}, Support and maintenance, Consulting, Deployment and Integration), By Type (Cloud, On-premise, By Application:, Marketing, Sales, Logistics, Finance & Accounting, Customer Support, Others), By Industry Vertical (BFSI, Retail & eCommerce, Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, Government & Defense, Manufacturing, Transportation & Logistics), By Region, And Segment Forecasts, 2023 – 2030”, published by Contrive Datum Insights.
Recent Developments:
- November 2021, IBM updates IBM SPSS Modeler 18.2.2. The new update comes with a sophisticated and versatile data mining workbench that allows users to easily and easily develop accurate predictive models without programming.
- In May 2021, Google updates Google Vertex AI, a newly managed ML platform on Google Cloud. The platform is designed to make it easier for developers to deploy and maintain AI models. It’s an unusual announcement from Google I/O, which is usually focused on mobile and web developers and doesn’t usually feature much Google Cloud news, but the fact that Google has chosen to unveil Vertex today means that this new service has a broad spectrum of developers.
Market Dynamics:
Trends:
AI and machine learning are gaining more and more attention. As AI and machine learning are used more, data science platforms are becoming more important.
Big data is growing so quickly that companies are looking for platforms that can handle large amounts of data and give real-time insights.
Platforms in the cloud: Because cloud computing has become so popular, more and more data science platforms are being built in the cloud. These platforms give businesses more freedom and room to grow.
Open source technologies: Many data science platforms, like R and Python, are built on open source technologies, which give users more freedom and the ability to make their own changes.
Drivers:
Business intelligence and analytics: The growing need for business intelligence and analytics is driving the growth of the market for data science platforms.
Need to decide things better: Companies are looking for data science platforms that will help them make better decisions as the business world gets more complicated.
Predictive analytics are becoming more popular because companies are using them to guess how customers will act, predict sales, and improve business processes.
The privacy and security of data are becoming more and more important. Organizations are looking for data science platforms with strong security and privacy features because they are collecting more and more data.
Opportunities:
As data science is used more and more in healthcare, data science platform providers have a big chance to make solutions for this sector.
Growth in emerging markets: The data science platform market is growing quickly in Asia-Pacific and Latin America, which gives providers a chance to grow globally.
Integration with other technologies: Data science platforms can be combined with other technologies, like blockchain and the Internet of Things (IoT), so providers can offer more services.
Focus on SMBs: Small and medium-sized businesses (SMBs) might not have the resources to build their own data science solutions, so data science platform providers should focus on them.
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Scope of Report:
| Report Attributes | Details |
| Growth Rate | CAGR of 16.43% from 2023 to 2030. |
| Revenue Forecast by 2030 | USD 378.7 Billion |
| By Component | Platform, Services, Support and maintenance, Consulting, Deployment and Integration, Others |
| By Type | Cloud, On-premise, Others |
| By Application | Marketing, Sales, Logistics, Finance & Accounting, Customer Support, Others |
| By Industry Vertical | BFSI, Retail & eCommerce, Telecom & IT, Media & Entertainment, Healthcare & Life Sciences, Government & Defense, Manufacturing, Transportation & Logistics, Others |
| By Companies | Microsoft, IBM, Google, Wolfram, Datarobot, Cloudera, Rapidminer, Domino Data Lab, Dataiku, Alteryx, Continuum Analytics, Bridgei2i Analytics, Datarpm, Rexer Analytics, Feature Labs |
| Regions and Countries Covered |
|
| Base Year | 2022 |
| Historical Year | 2017 to 2022 |
| Forecast Year | 2023 to 2030 |
Regional Outlook:
In 2021, 36% of global income came from North America. This is because key regional market players are putting more and more effort into making these platforms better and better. For example, the tech company Oracle has said that a cloud-based data science platform will be available in February 2020. The new platform has features like shared projects, policies for team security, suitability, reproducibility, and model catalogues.
In 2021, Europe had the second-largest market share. As the use of data-driven digital transformation grows, more and more businesses in the area are putting this technology to use to speed up growth. Asia-Pacific (APAC) has continued to be a good market for companies that offer solutions and services for data science platforms. This is because data science platforms have grown a lot in both developed and developing economies. In Japan, China, and India, there are a number of possible data science platform market opportunities. Due to the fast growth of its technology-based economy, APAC is expected to have the fastest-growing demand for data science platform software and services over the next few years.
The global market for Data Science Platforms has been looked at in different parts of the world, like North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. In the near future, this market will be dominated by the global region.
Key Segments Covered:
Top Market Players:
Microsoft, IBM, Google, Wolfram, Datarobot, Cloudera, Rapidminer, Domino Data Lab, Dataiku, Alteryx, Continuum Analytics, Bridgei2i Analytics, Datarpm, Rexer Analytics, Feature Labs, and others.
By Component:
- Platform
- Services
- Professional Services
- Managed Services
- Support and maintenance
- Consulting
- Deployment and Integration
By Type:
- Cloud
- On-premise
By Application:
- Marketing
- Sales
- Logistics
- Finance & Accounting
- Customer Support
- Others
By Industry Vertical:
- BFSI
- Retail & eCommerce
- Telecom & IT
- Media & Entertainment
- Healthcare & Life Sciences
- Government & Defense
- Manufacturing
- Transportation & Logistics
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America: (Brazil, Argentina, Rest of Latin America)
- Rest Of the World
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Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
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320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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