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DataOps Platform Market Size

Report ID: GMI5981
Published Date: Jun 2023
Report Format: PDF

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DataOps Platform Market Size

DataOps Platform Market size valued at USD 3.4 billion in 2022 and is anticipated to grow at a CAGR of 22% between 2023 and 2032. The wide use of cloud computing has provided organizations efficient & effective ways to manage their data. DataOps platforms are designed to work seamlessly in cloud environments, providing capabilities such as cloud data integration, flexible scalability, and cost optimization.

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DataOps platforms are software solutions that facilitate the implementation of DataOps policies and practices within an organization. DataOps is an approach that unites people, processes, and technology to simplify & optimize the end-to-end business of data management, from information integration and planning to analysis and delivery.

DataOps Platform Market Report Attributes
Report Attribute	Details
Base Year:	2022
DataOps Platform Market Size in 2022:	USD 3.4 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	22%
2032 Value Projection:	USD 25 Billion
Historical Data for:	2018 – 2022
No. of Pages:	291
Tables, Charts & Figures:	376
Segments covered:	Component, Deployment Mode, Organization Size, End-Use, and Region
Growth Drivers:	Increased data complexity and data volume Growing adoption of Artificial Intelligence (AI) and Machine Learning (ML) Growing emphasis on data-driven insights Surge in demand for cloud solutions
Pitfalls & Challenges:	Data privacy and security concerns Lack of DataOps skillset

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The lack of data security measures can hinder market growth during the forecast period. Organizations may refuse to implement a DataOps platform if it offers insufficient data security. They may be concerned that their sensitive data is vulnerable to unauthorized access, data breaches, or cyber-attacks. Without confidence in the security capabilities of DataOps platforms, organizations may hesitate to entrust their valuable data to these systems.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of DataOps platform was reached USD 3.4 billion in 2022 and will record over 22% CAGR from 2023-2032, due to the rising adoption of cloud computing to offer efficient & effective ways to organizations to manage their data.

The on-premises deployment mode segment recorded 60% of the market share in 2022, owing to the surging need for greater customization and flexibility.

The BFSI end-use segment exceeded USD 650 million in 2022, driven by the increasing dependency of businesses to make risk-based decisions, customer segmentation, fraud detection, regulatory compliance, and investment strategies.

North America held more than 40% of the market share in 2022, attributed to the growing emphasis on data security & privacy in the region.