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Covina, Feb. 28, 2024 (GLOBE NEWSWIRE) -- According to the recent research study, the Data Science Market size was valued at about USD 80.5 Billion in 2024 and expected to grow at CAGR of 31.0% to extend a value of USD 941.8 Billion by 2034.

What is Data Science?

Market Overview:

Data science is a multidisciplinary field that involves extracting insights and knowledge from data using various scientific methods, algorithms, processes, and systems. It combines aspects of statistics, mathematics, computer science, and domain expertise to analyze complex data sets and solve intricate problems.

The primary goal of data science is to extract valuable insights, patterns, trends, and knowledge from structured and unstructured data. This process typically involves:

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Top Leading Players in Data Science Market:

Market Dynamics:

Driving Factors:

Restrain Factors:

Emerging Trends and Opportunities in Data Science Market:

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Challenges of Data Science Market:

Detailed Segmentation:

Data Science Market, By Type:

Data Science Market, By End-User:

Data Science Market, By Region:

Regional Analysis:

Regional insights highlight the diverse market dynamics, regulatory landscapes, and growth drivers shaping the Data Science Market across different geographic areas. Understanding regional nuances and market trends is essential for stakeholders to capitalize on emerging opportunities and drive market expansion in the Data Science sector.

North America market is estimated to witness the fastest share over the forecast period the adoption of cloud computing services, including infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS), has accelerated in North America. Cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform offer scalable, cost-effective solutions for data storage, processing, and analytics, driving adoption among enterprises.

Report scope:

By End-User Banking and Financial Institutions (BFSI), Telecommunication, Transportation and Logistics, Healthcare, and Manufacturing

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Key highlights of the Data Science Market:

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Data Science Market: Unleashing Insights with AI and Machine Learning, Embracing a 31.0% CAGR and to Grow USD ... - GlobeNewswire