Autonomous Data Platform Market Size & Trends Report, 2027

Autonomous Data Platform Market Size & Trends Report, 2027

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Autonomous Data Platform Market

The Autonomous Data Platform Market was estimated around USD 810 million in 2019 and is predicted to grow at a CAGR of 22.2% over the forecast period (2020-2027).

The factors driving the growth of Autonomous Data Platform Market includes increase in the volumes of unstructured data, introduction of electronic control unit (ECU) and increasing use of autonomous data platforms by large corporations around the world. According to the report published by Statista, the volumes of data generated worldwide was estimated around 64.2 zettabytes in 2020 and is projected to reach over 180 zettabytes by the end of 2025, which will boost the Autonomous Data Platform Market size in the approaching years. Moreover, the growing adoption of advanced] technologies such as Artificial Intelligence (AI), Machine Learning (ML) and Internet of Things (IoT) by major corporations, trending concept of Work from Home and innovations in the autonomous data platforms, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, emerging need to track and monitor real time information, expansion of the BSFI sector and rise in the internet penetration rates, are further contributing to the market growth.

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However, the growth of Autonomous Data Platform Market is hindered due to insufficient availability of skilled workforce.

The major players operating in the market are Qubole, Inc., Gemini Data, Ataccama, Oracle, IBM, Teradata, Denodo Technologies, Cloudera, Inc., MapR Technologies, Inc. and Amazon Web Services, Inc., among others.

Deployment Type: Segment Analysis

Based on Deployment Type, the On-premises segment is predicted to capture a sizeable market share over the forecast period because the on-premises are comparatively safer than cloud deployment type and keeps the IP addresses and data private.

Vertical: Segment Analysis

Based on Vertical, the BFSI segment is anticipated to expand at a remarkable CAGR during the forecast period. The autonomous data platforms are increasingly used by the financial institutions for preventing money laundering, delivering personalized services, and maintaining privacy of their customers’ data, are some of the factors responsible for the segment’s growth.

Regional: Segment Analysis

As per the Autonomous Data Platform Market Trends, the European region is projected to grow at a significant CAGR over the forecast period. Increasing adoption of advanced technologies by major companies in Europe, rise in the number of FinTech companies, technological innovations in the autonomous data platforms and high per capita incomes, are some of the important factors augmenting the market growth in Europe.

Market Segmentation

Global Autonomous Data Platform Market by Component

Support and Maintenance
Global Autonomous Data Platform Market by Organization Size

Large Enterprises
Small & Medium-Sized Enterprises
Global Autonomous Data Platform Market by Deployment Type

Global Autonomous Data Platform Market by Vertical

Healthcare and Life Sciences
Telecommunication and Media
Global Autonomous Data Platform Market by Region

Asia PacificChina
Rest of APAC
North AmericaUnited States of America
EuropeUnited Kingdom
Rest of Europe
South Africa
Saudi Arabia
About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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