Global Data Science Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global data science market in its upcoming report titled, “Global Data Science Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global data science market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global data science market report has been segmented on the basis of type, end user, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Data science is a broad term that contains data analytic tools, which help the organization to make better decisions, increase efficiency, reduce operational costs, and enhance customer services. Data science platforms are used to detect frauds and are also helpful in preparation of medicines in pharma industries.

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 global data science 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.

However, high initial cost is a major factor restraining growth of the global data science market. Additionally, growing concerns about data security & protection stored over the cloud is another major factor expected to hamper growth of the global data science market over the forecast period.

Currently, the market in North America accounts for highest share in the global data science 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 accounted for second-highest revenue share in the global data science market, due to growing trend of preferring cloud and big data technologies in the region, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue and the markets in Latin America and Middle East & Africa are expected to witness moderate growth over the forecast period. Also, revenue from the market in Middle East & Africa is projected to register a CAGR of XX.X% over the forecast period.

Global data science market segmentation:

By type:

• Solutions
• Services

By end user:

• Banking and Financial Institutions (BFSI)
• Telecommunication
• Transportation and Logistics
• Healthcare
• Manufacturing

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa