PUBLISHER: Grand View Research | PRODUCT CODE: 1574892
PUBLISHER: Grand View Research | PRODUCT CODE: 1574892
The global DataOps platform market size was estimated at USD 4.22 billion in 2023 and is expected to grow at a CAGR of 22.5% from 2024 to 2030. Numerous factors such as explosion of data, increasing demand for real-time analytics, data-driven decision-making, increasing complexity of data environments, and enhanced focus on data security are primarily contributing to the growth of the market. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) into data analytics processes requires efficient data management and pipeline solutions provided by DataOps. The use of big data technologies and frameworks necessitates advanced DataOps practices for managing and processing large volumes of data.
Organizations leverage data for strategic insights, operational efficiency, and competitive advantage, leading to greater investment in DataOps to optimize data management and analytics processes. The complexity of managing data across various sources, formats, and platforms highlights the need for DataOps to ensure seamless integration, data quality, and governance. Increased emphasis on automation to streamline data workflows and reduce manual intervention drives the adoption of DataOps solutions. The shift towards cloud computing and digital transformation initiatives accelerates the need for DataOps to manage data across hybrid and multi-cloud environments efficiently.
Organizations need agile and scalable data operations to quickly adapt to market changes, innovate, and scale their data infrastructure in response to evolving business needs. Moreover, the rise of remote and hybrid work models increases the need for scalable and accessible data management solutions that support distributed teams and ensure data availability. Thus, there is high growth of the DataOps platform market. Furthermore, compliance with regulations such as General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and California Consumer Privacy Act (CCPA) necessitates robust data governance and security practices, which are supported by DataOps frameworks.
Global DataOps Platform Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global DataOps platform market report based on the component, deployment, type, vertical, and region: