According to a new report, published by KBV research, The Global DataOps Platform Market size is expected to reach $14.6 billion by 2030, rising at a market growth of 21.2% CAGR during the forecast period.
The On-premise segment is showcasing a CAGR of 19.2% during (2023 - 2030). This is because, with on-premise systems, the company has to pay once for their user licenses, making it less expensive than cloud-based options. In addition, the organization's hardware, data, and software platforms are its property, and they are in charge of setting up, modifying, and updating the DataOps platform. Thus, the on-premise deployment's less long-term expense, combined with other factors, are anticipated to surge the segment's growth in the projected period.
The Agile Development segment is leading the Global DataOps Platform Market by Service Model in 2022 thereby, achieving a market value of $7.2 billion by 2030. This is because DataOps integrates agile development into data analytics to improve communication and collaboration between data teams and users to manage cooperation and innovation effectively. In addition, as part of Agile Development, the data team releases new or updated insights in brief periods, known as "sprints." Rapid innovation allows the team to reevaluate its goals regularly and more readily adjust to changing requirements based on ongoing customer feedback, driving the segment's growth.
The Services segment has shown the growth rate of 22.1% during (2023 - 2030). This is because these services are provided to customers as a combination of a multi-cloud big-data or data analytics platform and managed services focused on the collection and management of the data. Its capabilities allow for adaptable, custom-built big data platforms that abide by the criteria for data quality regarding security, privacy protection, and management.
The BFSI segment is generating the highest revenue share in the Global DataOps Platform Market by Vertical in 2022 thereby, achieving a market value of $3.2 billion by 2030. The segment's growth is because DataOps platform can assist banks in better comprehending the context, behavior, demands, and preferences of each customer. As a result, the bank is better equipped to create an intelligent, customized solution that considers the customer's current circumstances and long-term objectives.
The North America market dominated the Global DataOps Platform Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5 billion by 2030. The Europe market is exhibiting a CAGR of 20.9% during (2023 - 2030). Additionally, The Asia Pacific market would showcase a CAGR of 22.2% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/dataops-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 Microsoft Corporation, IBM Corporation, Oracle Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Informatica, LLC, Teradata Corporation, Wipro Limited, Accenture PLC, SAS Institute, Inc., and Hitachi Vantara LLC (Hitachi Ltd.)
By Deployment
By Service Model
By Component
By Vertical
By Geography
Companies Profiled
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