According to a new report Global Autonomous Data Platform Market, published by KBV research, The Global Autonomous Data Platform Market size is expected to reach $2,316.98 million by 2027, rising at a market growth of 21.1% CAGR during the forecast period.
The Services market is expected to witness a CAGR of 20.2% during (2021 - 2027). The relevance of services is directly proportional to the amount of data to be generated and stored. Many companies have extremely confidential data and viruses, and corruption of the files can lead to data loss. To avoid this situation, many companies are moving towards the adoption of a data backup and recovery solutions.
The Cloud market is expected to witness highest CAGR of 22.4% during (2021 - 2027). It is because cloud-based platform offers higher storage and enables more affordable expansion for the companies. In addition, the cloud-based technology offers data security and the capabilities required to safeguard confidential client data. Moreover, real-time accessibility is available in cloud-based platforms. Thus, these factors are anticipated to accelerate the growth of the segment over the forecasting period.
The Small & Medium Enterprises market is expected to witness a CAGR of 23.1% during (2021 - 2027). Because the rise in demand for advanced analytics and cognitive computing technology among the small & medium enterprises are anticipated to boost the growth of the segment. In addition, the massive popularity of social and interconnected devices leads to high volume of unorganized data among these enterprises. This ever-increasing volume of data would fuel the demand for autonomous data platform among the small & medium enterprises.
The Healthcare and Life Sciences market is expected to witness highest CAGR of 22% during (2021 - 2027). Autonomous data platforms help the patients to achieve real-time visibility into their past and present health records. In the last few years, the massive generation of data in the healthcare sector has created an increased requirement for data monitoring. It becomes extremely difficult to maintain the process of recording, examining, and updating data on patient medical visits and activity, insurance specifics, hospitals records, and others without a centralized analytics platform.
The North America market dominated the Global Autonomous Data Platform Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $905,709.9 Thousands by 2027. The Europe market is expected to witness a CAGR of 20.2% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 22.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/autonomous-data-platform-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Oracle Corporation, Amazon.com, Inc., Teradata Corporation, Hewlett-Packard Enterprise Company, Alteryx, Inc., Cloudera, Inc., Qubole, Inc., Gemini Data, Inc., and Denodo Technologies.
By Component
By Deployment Mode
By Organization Size
By End User
By Geography
Companies Profiled
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