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Autonomous Data Platform Market Trends

  • Report ID: GMI11934
  • Published Date: Oct 2024
  • Report Format: PDF

Autonomous Data Platform Market Trends

The increasing adoption of cloud technology is transforming autonomous data platforms. As organizations transition to cloud-based infrastructures, the demand for scalable and flexible data solutions that integrate seamlessly with existing cloud services is growing. This shift is prompting the development of hybrid and multi-cloud strategies, enabling organizations to utilize multiple cloud environments for data storage and processing, thereby optimizing costs and performance.
 

Additionally, the emergence of self-service analytics is transforming organizational approaches to data access and analysis. Business users increasingly seek intuitive tools that enable direct data interaction without heavy reliance on IT departments. Autonomous data platforms are addressing this demand by providing user-friendly interfaces and advanced analytics capabilities. These features empower non-technical users to independently explore data and generate insights.
 

Data quality issues significantly hinder the growth of the autonomous data platform market by affecting the reliability and effectiveness of these technologies. Autonomous data platforms automate processes such as data integration, cleansing, and analysis. However, inaccurate, inconsistent, or incomplete data fed into these systems can lead to flawed outputs and misleading insights. This compromises the primary purpose of implementing such platforms, i.e., enhancing decision-making and operational efficiency, thus affecting the market growth.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The global market for autonomous data platform was reached USD 1.6 billion in 2023 and is projected to grow at a 22.7% CAGR from 2024 to 2032, driven by the increasing adoption of AI and ML solutions in data management.

The data analytics segment held 44% of the market share in 2023 and is expected to exceed USD 3.5 billion by 2032, owing to the growing importance of data-driven insights across various industries.

The U.S. accounted for over 72% share of the autonomous data platform market in 2023 and is set to reach around USD 1.8 billion by 2032, led by its robust technology ecosystem and concentration of leading tech companies and research institutions.

Key players in the market include Alteryx, Amazon, Ataccama, Cloudera, Collibra, DataRobot, Denodo, Dremio, DvSum, and Gemini Data.

Autonomous Data Platform Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 170
  • Countries covered: 23
  • Pages: 170
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