According to a new report published by UnivDatos Markets Insights, the Automated Data Platform Market was valued at USD million in 2021 & is expected to grow at a CAGR of 21% from 2022-2030. The analysis has been segmented into Component (services {platform, advisory, integration, support and maintenance); Deployment (on premise and cloud); Organization Size (Small & Medium Enterprises); Industries (BSFI, Healthcare, Government and Others) and Region/Country.
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The automated data platform market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the automated data platform market. The automated data platform market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the automated data platform market at the global and regional levels.
Key Market Dynamics
Automated data platforms in the Asia-specific region are becoming increasingly popular as businesses seek to leverage the power of data to improve their operations and decision-making processes. These platforms typically include a range of tools and technologies that enable businesses to collect, process, analyze, and visualize data automatically, without the need for human intervention. For example, QlikView is a business intelligence and data visualization tool that enables businesses to analyze large volumes of data in real-time. It is widely used by businesses across Asia to gain insights into customer behavior, market trends, and other key metrics. Moreover, the amount of data generated in the Asia Pacific region has grown exponentially in recent years, driven by the adoption of digital technologies, the proliferation of mobile devices, and the rise of the Internet of Things. Automated data platforms help businesses to manage and analyze this large volume of data in real-time.
COVID-19 Impact
The COVID-19 pandemic has had a significant impact on businesses worldwide, including those utilizing automated data platforms. The COVID-19 pandemic has had a significant impact on businesses worldwide, including those utilizing automated data platforms. The pandemic has disrupted supply chains worldwide, which impacted the availability of hardware components needed for automated data platforms.
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The global automated data platform market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· On the basis of component, the market is segmented into platform, services, advisory, integration, support, and maintenance. Amongst these, the platform segment holds considerable the market in 2021.
· On the basis of deployment, the market is bifurcated into on-premise and cloud deployment. The cloud deployment segment holds the higher growth in the market and is expected to grow with the highest CAGR over the forecast period.
· Based on organization size, the market is segmented into small & medium enterprises and large enterprises. Among these, the large enterprise’s platform segment will lead in the forecast period.
· Based on industries, the market is segmented into BSFI, Healthcare, Life Sciences, Retail, Manufacturing, Telecommunication, Media, and Government. It is predicted that the BFSI would continue to have a dominating market share in 2021.
Smart Home Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, Netherlands, France, Norway, Switzerland, Denmark, Rest of Europe)
· Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific)
· Rest of the World
North America dominated the automated data platform market in 2021 due to the increased demand for smart devices due to technological advancements and overall consumer awareness. Considering the rapid growth prospects of the region in every aspect, growth is mainly attributed to favorable conditions of development in terms of recovery of the residential market and better affordability coupled with rising penetration of smart homes in North America over the forecasted period.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the automated data platform market. The major players have been analyzed by using research methodologies such as Porter’s Five Forces Analysis for getting insight views on global competition.
Recent Developments:
· Scientists have developed an automated knowledge portal known as COVID Scholar that complies more than 260,000 research articles, patents, and clinical trials related to the coronavirus disease 2019 (COVID-19). The portal has served more than 33,000 users since its release in 2020.
· Oracle and Informatica, a provider of cloud-based corporate data management tools, partnered in May 2022. As part of this collaboration, both businesses will offer industry-leading cloud information management, connectivity, and regulation solutions along with databases, database servers, big data, data lake houses, business analytics, and data science.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the automated data platform market?
• Which factors are influencing the automated data platform market over the forecast period?
• What are the global challenges, threats, and risks in the automated data platform market?
• Which factors are propelling and restraining the automated data platform market?
• What are the demanding global regions of the automated data platform market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
• What are the descriptive profiles of key companies along with their SWOT analysis?
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