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Global autonomous data platform market is set to witness a healthy CAGR of 22.35% in the forecast period of 2019- 2026

Global autonomous data platform market is set to witness a healthy CAGR of 22.35% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for autonomous data platform from SMEs and rising adoption of cloud technology are the factor for the growth of this market.

Global Autonomous Data Platform Market By Component (Platform, Services), Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), Deployment Type (On- Premises, Cloud), Vertical (BFSI, Healthcare and Life Sciences, Retail, Manufacturing, Telecommunication and Media, Government, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026.

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Market Analysis: Global Autonomous Data Platform Market

Global autonomous data platform market is set to witness a healthy CAGR of 22.35% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for autonomous data platform from SMEs and rising adoption of cloud technology are the factor for the growth of this market.

Market Definition: Global Autonomous Data Platform Market

An autonomous data tool analyses a specific customer’s big data infrastructure to address crucial company problems and ensure optimal database usage. This helps the businesses to improve and increase their data management abilities. They are specially designed to manage and optimise the big data infrastructure. Many companies are adopting this platform because it helps the IT professional to manage processes more easily. They are widely used in different industries such as a healthcare, BFSI, telecommunication and media, government among others.

Market Drivers:

  • Increasing adoption of cognitive computing technology and advanced analytics will drive the market growth
  • Rising amount of complex data will accelerate the growth of this market
  • Growing volume of unstructured data due to the phenomenal growth of interconnected devices and social media will also contribute as a factor for this market growth
  • Rising demand for omnichannel experience from retailer will also propel the market growth

Market Restraints:

  • Complicated analytical process will restrict the growth of this market
  • Lack of skilled and trained professional also hampers the growth of the market
  • Problem associated with the maintaining sync between quality and safety acts as a restricting factor for this market growth

Segmentation: Global Autonomous Data Platform Market

By Component

  • Platform
  • Services
    • Advisory
    • Integration
    • Support and Maintenance

By Organization Size

  • Large Enterprises
  • Small and Medium-Sized Enterprises

By Deployment Type

  • On- Premises
  • Cloud

By Vertical

  • BFSI
  • Healthcare and Life Sciences
  • Retail
  • Manufacturing
  • Telecommunication and Media
  • Government
  • Others

Key Developments in the Market:

  • In March 2018, Oracle announced the launch of their Oracle Autonomous Database which is the first self-repairing, self-driving, and self- driving database cloud service. This new database uses machine learning so they can help the industries and provide them with high security and performance ability. This launch will help the company to expand their Oracle Cloud Platform Autonomous Service
  • In May 2017, Qubole announced the launch of their first autonomous data platform which will consist of three new platform Qubole Data Service (QDS) Enterprise Edition, QDS Community Edition and QDS Cloud Agents. The solution can smartly automate and evaluate the use of the platform to create more efficient information centres. With this launch, the company is s constructing an independent information platform with smart automation to tackle the challenges faced by companies in scaling up their information teams and projects

Competitive Analysis

Global autonomous data platform market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of autonomous data platform market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC:https://www.databridgemarketresearch.com/toc?dbmr=global-autonomous-data-platform-market

Major Market Competitors/Players

Few of the major competitors currently working in the global autonomous data platform market are Oracle, Qubole, Inc., IBM Corporation, MapR Technologies, Inc, Cloudera, Inc, Ataccama, Gemini Data Inc., Denodo Technologies, Datrium, Inc., DvSum, ALTERYX, INC., Zaloni, Paxata, Inc, The Linux Foundation, Teradata, DXC Technology Company, Intellias Ltd., among others.

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