Autonomous Data Platform Market

The global autonomous data platform market is analyzed across component, deployment, organization size, industry vertical, and region.

PORTLAND, PORTLAND, OR , UNITED STATES , July 27, 2022 /EINPresswire.com/ -- The global autonomous data platform market was estimated at $622.56 million in 2020 and is expected to hit $4.79 billion by 2030, registering a CAGR of 22.8% from 2021 to 2030. The report provides an all-inclusive analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Major industry players such as - Oracle Corporation, AWS, Ataccama, Teradata, Denodo, IBM Corporation, MAPR, Cloudera, Qubole, Inc., and Gemini Data.

Advancements in the field of AI and cloud computing are expected to create lucrative opportunities in the industry. Rising adoption of private and hybrid cloud in modern business enterprises and growing digital data production drive the growth of the global autonomous data platform market.

By geography, North America generated the major share in 2020, holding around two-fifths of the global market. Moreover, Asia-Pacific would cite the fastest CAGR of 25.0% by 2030. The other provinces analyzed through the market report include Europe and LAMEA.

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By organization size, the large enterprise segment contributed to more than three-fourths of the total market revenue in 2020, and is expected to rule the roost till 2030. At the same time, the SME segment is expected to register the fastest CAGR of 24.7% during the study period.

By component, the platform segment accounted for more than half of the total market revenue in 2020, and is anticipated to lead the trail by the end of 2030. Simultaneously, the advisory segment would cite the fastest CAGR of 25.0% throughout the forecast period.

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COVID-19 scenario-

• The trend of work-from-home has compelled most firms to invest in autonomous data platform solutions to simplify and speed-up their productivity, which in turn has impacted the autonomous data platform market positively.
• Moreover, increasing network dependence and network load during the pandemic have also led to further growth of the autonomous data platform market.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

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