Data Science Platform Market Size

Data Science Platform Market size was valued at USD 130.3 billion in 2023 and is estimated to reach USD 917.5 billion by the end of 2036, expanding at a CAGR of 16.4% during the forecast period, i.e., 2024-2036. In 2024, the industry size of data science platform is assessed at USD 151.6 billion.  

The primary growth driver for data science platform market is the expansion of big data, which is pushing organizations to invest in more advanced and capable data science platforms to leverage their data effectively. According to the United Nations Organization, data creation reached 64.2 zettabytes in 2020, increasing 314% from 2015.

Data science platforms offer a wide range of advanced analytics tools such as machine learning, deep learning, and predictive analytics, to extract valuable insights from big data. Therefore, as organizations generate and collect increasing amounts of data, there is a growing need for sophisticated tools and platforms such as data science that can handle, analyze, and derive actionable insights. Additionally, the integration of artificial intelligence (AI) capabilities into data science platforms is becoming increasingly important for deriving actionable insights and automating data analysis.