Automated Data Platform Market: Current Analysis and Forecast (2022-2030)
Emphasis on Component (Services (Advisory, Integration, Support and Maintenance); Deployment (On-premise and cloud); Organization Size (Small & Medium Enterprises, Large Enterprises); Industries (BSFI, Healthcare, Government and Others); ;Country/Region.
The Automated Data Platform Market is expected to grow at a strong CAGR of 21.6% during the forecast period owing to the increasing implementation of cognitive computing and advanced analytic technology. Moreover, with increasing awareness about the need and benefits of technology, spending on cloud-based solutions, digitization, and automation has increased globally. Burgeoning competition in terms of new players foraying into the automated data platform landscape along with the arrival of cutting-edge technologies such as Machine Learning (ML) and Artificial Intelligence (AI) is significantly contributing to the industry expansion. For instance, in June 2020, Anaconda, Inc. provider of the leading Python data science platform and IBM Watson announced a new collaboration to help simplify enterprise adoption of AI open-source technologies.
Some of the major players operating in the market include Oracle; Amazon Web Services, Inc; Teradata; IBM; Hewlett Packard Enterprise Development LP; Cloudera, Inc.; Qubole Inc.; Ataccma; Gemini Trust Company, LLC.; Denodo Technologies
Insights Presented in the Report
“Amongst component, the platform segment held a dominating share of the market in 2021.”
Based on component, the market is segmented into platform, services, advisory, integration, support, and maintenance. Amongst these, the platform segment held significant market share in 2021 owing to the development in technical sector is going high such as the growth of digital and cloud-based platforms, as well as an increase in the demand for analytics, which is predicted to increase the segment’s expansion. In addition, Automated data platforms enable the smooth expansion of data infrastructure to handle increasing amounts of data without sacrificing either performance or data quality.
“Amongst industries, the BSFI industry held the majority share of the market in 2021”
By industries, the market is bifurcated into BSFI, healthcare, government, and others. Among these, BFSI held a considerable share of the market in 2021. The major factors such as dealing with a huge volume of data daily, ranging from customer information to financial transactions, market trends, and regulatory requirements are the factors driving the growth of the market. In addition, helps in Automating the process of data collection, processing, analysis, and reporting that can save time, reduce errors, and improve efficiency.
Automated Data Platform Market Report Coverage
“North America dominated the automated data platform market in 2021”
North America dominated the automated data platform market in 2021. North America is home to some of the most advanced technological companies and innovative startups. The region has a large pool of skilled technical professionals and resources, which allows it to quickly adopt new technologies, including automated data platforms. Moreover, businesses are increasingly recognizing the importance of digital transformation to stay competitive in today’s rapidly evolving business landscape. Automated data platforms play a key role in this transformation, enabling businesses to automate their data collection, processing, and analysis, and gain real-time insights to make better-informed decisions.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global automated data platform market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.,
Table of Contents
Research Methodology for the Automated Data Platform Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global automated data platform market were the three major steps undertaken to create and analyze the adoption of automated data platform in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global automated data platform market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the automated data platform market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the automated data platform market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, deployment, organization size, industries and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the automated data platform market. Further, we conducted factor analysis using dependent and independent variables such as component, deployment, organization size, industries of the automated data platform market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the automated data platform market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global automated data platform market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the automated data platform market across the major markets domestically.
- All percentage shares, splits, and breakdowns of market segments and sub-segments.
- Key players in the global automated data platform market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global automated data platform market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, deployment, industries and region in the global automated data platform market.
The main objective of the Global Automated Data Platform Market Study
The current & future market trends of the global automated data platform market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the automated data platform market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the component, deployment, industries, and region.
- Define and analysis of the regulatory framework for the automated data platform
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the automated data platform market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the automated data platform market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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