The automated data platform global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated Data Platform Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automated data platform market size has grown exponentially in recent years. It will grow from $1.62 billion in 2023 to $1.99 billion in 2024 at a compound annual growth rate (CAGR) of 22.6%. The growth in the historic period can be attributed to the need for data democratization, exponential growth in data generated by businesses, stricter data governance and compliance regulations, a rise in security threats and data breaches, and growing investment in data infrastructure.
The automated data platform market size is expected to see exponential growth in the next few years. It will grow to $4.51 billion in 2028 at a compound annual growth rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to the need for cost-effective data management solutions, the need to maintain high data quality and accuracy, the expansion of e-commerce and online services, the increasing focus on personalization, and enhancing the customer experience. Major trends in the forecast period include the adoption of predictive modeling techniques, the shift to remote work and the increasing use of collaboration tools, the adoption of customer data platforms, edge computing, and hybrid and multi-cloud strategies.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growing concerns over data breaches are expected to propel the growth of the automated data platform market going forward. A data breach refers to an incident where unauthorized individuals access, disclose, or steal sensitive, confidential, or protected information. Data breaches are caused due to weak security protocols, human error, phishing attacks, or vulnerabilities in software that allow unauthorized access to sensitive information. An automated data platform helps prevent data breaches by continuously monitoring and analyzing data access patterns, detecting anomalies, and enforcing security protocols in real time. The platform automates threat detection and response, reducing the risk of unauthorized access. For instance, in October 2023, according to the 2023 Data Breach Report published by the Identity Theft Resource Center, a US-based non-profit organization, in the first three quarters of 2023, there were 2,116 data breaches, exceeding the previous record of 1,862 breaches set in 2021. Therefore, the growing concerns over data breaches are driving the growth of the automated data platform market.
Market Trends –
Major companies operating in the automated data platform market focus on developing personalized experience platforms, such as hyper-scale real-time data platforms, to enhance data processing capabilities. Hyperscale real-time data platforms refer to large-scale systems designed to process, analyze, and manage vast amounts of real-time data, enabling organizations to make immediate data-driven decisions. For instance, in September 2022, Salesforce Inc., a US-based software company, launched Salesforce Genie, a real-time data platform that powers Salesforce Customer 360, enabling companies to deliver personalized, dynamic customer experiences by unifying and harmonizing data from various sources into a single, real-time customer profile. It integrates seamlessly with Salesforce’s AI and automation tools, allowing businesses to respond to customer needs instantly and at scale.
The automated data platform market covered in this report is segmented –
1) By Component: Platform, Services
2) By Deployment: On-Premises, Cloud
3) By Enterprise Size: Large Enterprise, Small And Medium Enterprise (SME)
4) By End-Use: Banking, Financial Services And Insurance (BFSI), Healthcare, Retail, Manufacturing, Information Technology (IT) And Telecommunications, Government, Other End-Users
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Regional Insights –
North America was the largest region in the automated data platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated data platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automated data platform market are Google LLC, Microsoft Corporation, Dell Technologies Inc., Huawei Technologies Co. Ltd., Amazon Web Services (AWS) Inc., Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Qualcomm Incorporated, Oracle Corporation, Fujitsu Limited, SAP SE, Salesforce, Hewlett Packard Enterprise (HPE), NVIDIA Corporation, Cognizant Technology Solutions, Infosys Limited, Adobe Inc., Wipro Limited, Teradata Corporation, Snowflake Inc., Cloudera Inc., Alteryx Inc., Denodo Technologies, Qubole Inc.
Table of Contents
1. Executive Summary
2. Automated Data Platform Market Report Structure
3. Automated Data Platform Market Trends And Strategies
4. Automated Data Platform Market – Macro Economic Scenario
5. Automated Data Platform Market Size And Growth
…..
27. Automated Data Platform Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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