Autonomous Data Platform Market Size Worth $6.73 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Sept. 29, 2022 /PRNewswire/ -- The global autonomous data platform market size is expected to reach USD 6.73 billion by 2030 and grow at a CAGR of 23.0% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. A broad array of developing open-source big data tools, the accessibility of ever-larger quantities of data, and a shift in culture inside companies toward content decision-making, make it feasible to adopt autonomous data platforms. As a result of the cloud platform's improved collaboration, accessibility, and cost-effectiveness it is anticipated to increase the demand for cloud-based autonomous data platforms. The extensive use of autonomous data platforms in real-time analytics, to offer convenient services to customers, in the BFSI and retail sectors is anticipated to drive market growth.

Key Industry Insights & Findings from the report:

• The platform segment accounts for the largest revenue share of over 68.9% in 2021. The segment growth can be attributed to the technological advancements in cloud and mobile technologies along with the surge in demand for analytics to improve data storing ability.
• The on-premise segment is expected to register a CAGR of 19.8% during the forecast period. Where user passwords and the privacy of corporate activities are highly important, one- premise model is widely used by those businesses, supporting the segment growth.
• The small & medium enterprise segment is anticipated to grow at a CAGR of 24.9% during the forecast period, owing to the early adoption of digital technology such as AI and ML by these organizations to accelerate the growth of their products and services.
• The BFSI segment is presumed to grow at a CAGR of 20.9% over the forecast period. The rise in demand for big data analytics owing to the increased demand for timely fraud prevention in the BFSI sector and expanding volume of data generated by the equity market due to trade and operations is anticipated to elevate the demand for autonomous data platforms in the BFSI segment.
• The Asia Pacific regional market is expected to reach USD 1.72 billion by 2030. The region's strong economy enables these countries to make significant investments in cutting-edge AI technologies.
• The key industry participants include Oracle; Teradata; IBM; Amazon Web Services, Inc.; Hewlett Packard Enterprise Development LP; Qubole, Inc.; Cloudera, Inc.; Gemini Data; Denodo Technologies; and Alteryx, Inc.

Read 120-page full market research report, "Autonomous Data Platform Market Size, Share & Trends Analysis Report By Component, By Services (Advisory, Integration, Support & Maintenance), By Deployment, By Enterprise Size, By End-use, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Autonomous Data Platform Market Growth & Trends

The global rise in automation and digitization has made businesses switch towards using technology-driven solutions to meet the rapid pace of business growth. Emerging businesses that adopt cloud-based services, mainly in developing economies such as the Asia Pacific, are expected to fuel the growth of the autonomous data platform industry over the forecast period. Further, features such as fraud detection, improved security, and increased collaboration opportunities, provided by the cloud-based solutions are expected to increase business productivity and overall growth of an organization.

To address critical business issues and ensure efficient database usage, an autonomous data tool examines a particular customer's big data infrastructure. Businesses can grow and improve their data management skills due to this platform. They were primarily built to manage and improve big data infrastructure. The platform also offers deployment, safety, error handling, end-to-end automation for updates, efficiency, and availability. Due to the automation of all infrastructure administration, monitoring, and tuning functions, it is also known as a self-driving database. Thus, the benefits offered by autonomous data platforms are propelling the growth of this market.

Autonomous Data Platform Market Segmentation

Grand View Research has segmented the global autonomous data platform market based on component, services, deployment, enterprise size, end-use, and region 

Autonomous Data Platform Market - Component Outlook (Revenue, USD Million, 2017 - 2030)

• Platform
• Services

Autonomous Data Platform Market - Services Outlook (Revenue, USD Million, 2017 - 2030)

• Advisory
• Integration
• Support & Maintenance

Autonomous Data Platform Market - Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premise

Autonomous Data Platform Market - Enterprise Size Outlook (Revenue, USD Million, 2017 - 2030)

• Large Enterprise
• Small and Medium Enterprise (SME)

Autonomous Data Platform Market - End-use Outlook (Revenue, USD Million, 2017 - 2030)

• BFSI
• Healthcare
• Retail
• Manufacturing
• IT & Telecom
• Government
• Others (Travel & Hospitality, Transportation &Logistics, And Energy & Utilities)

Autonomous Data Platform Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Middle East & Africa

List of Key Players in the Autonomous Data Platform Market

• Oracle
• Teradata
• IBM
• Amazon Web Services, Inc.
• Hewlett Packard Enterprise Development LP
• Qubole, Inc.
• Cloudera, Inc.
• Gemini Data
• Denodo Technologies
• Alteryx, Inc.

Check out more related studies published by Grand View Research:

• Customer Data Platform Market - The global customer data platform market size is expected to reach USD 5.66 billion by 2025, registering a CAGR of 27.5% from 2019 to 2025, according to the new study conducted by Grand View Research, Inc. The growing demand for assimilating and storing unstructured and structured consumer data, automatically obtained from various media touchpoints, is driving the adoption of CDP among B2B and B2C marketers. Furthermore, the need to engage and improve customer lifecycle by comprehending the collected insights is also contributing to the growth of the market.
• Autonomous Mobile Robots Market - The global autonomous mobile robots market size is expected to reach USD 8.3 billion by 2027 registering a CAGR of 19.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. Autonomous Mobile Robots (AMRs) have triggered a paradigm shift in performing tasks that are commonly associated with manufacturing and distribution, such as material picking, handling, and sorting. These robots ensure reliable handling of raw material and manufactured items within any particular distribution and production facility, thereby eliminating any potential disruption in the operations. AMRs are typically equipped with different types of sensors, such as LiDAR sensors, to navigate safely through the equipment and workers.
• Autonomous Ships Market - The global autonomous ships market size is expected to reach USD 13.4 billion by 2025, registering a CAGR of 13.5% over the forecast period, according to a new study conducted by Grand View Research, Inc. Autonomous ships use several systems and components including sensors, propulsion systems, and intelligent navigation systems involving the use to Artificial Intelligence (AI) and Internet of Things (IoT). Use of such systems reduces the operational cost of ships, which is one of the key factors driving the market growth.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc