PUBLISHER: QKS Group | PRODUCT CODE: 1669178
PUBLISHER: QKS Group | PRODUCT CODE: 1669178
This product includes two reports: Market Share and Market Forecast.
QKS Group Reveals that Data Science and Machine Learning Platforms Market is Projected to Register a CAGR of 33% by 2028 in Middle East and Africa.
In the Middle East and Africa (MEA) region, the market for Data Science and Machine Learning platforms is rapidly expanding amid a growing appetite for digital transformation and innovation. Global tech giants such as Microsoft Azure, Google Cloud Platform, and Amazon Web Services (AWS) dominate with their comprehensive cloud-based solutions, offering advanced tools for data analytics, AI development, and machine learning model deployment. These platforms are pivotal in supporting various industries including banking, healthcare, and energy to harness data-driven insights for competitive advantage and operational efficiency. Local initiatives and startups are also contributing significantly to the ecosystem, catering to regional nuances and specific industry requirements. Governments across MEA are increasingly investing in technology infrastructure and promoting regulatory frameworks that support digital innovation, driving further growth in the market. The region's dynamic landscape, characterized by rapid urbanization and a youthful population, presents ample opportunities for continued expansion and adoption of Data Science and Machine Learning technologies.
According to Quadrant Knowledge Solutions, "A data science and machine learning platform is an integrated system/hub built on both code-based libraries and low-code/no-code tools. This platform enables collaboration among data scientists and other stakeholders like data engineers and business analyst across different stages of the data science lifecycle, such as business understanding, data access and preparation, visualization, experimentation, model building, and insight generation. The platform facilitates machine learning engineering tasks, covering data pipeline development, feature engineering, deployment, testing and predictive analysis. The platform gives options between local clients, browsers, or completely managed cloud services to businesses depending upon their requirements."
QKS Group Reveals that Data Science and Machine Learning Platforms Market is Projected to Register a CAGR of 32% by 2028 in Middle East and Africa.
The market forecast for Data Science and Machine Learning Platforms in the Middle East and Africa (MEA) through 2028 shows promising growth fueled by rapid digital transformation, increasing investments in AI technologies, and a burgeoning startup ecosystem. As MEA countries diversify their economies and prioritize digital innovation, there is a rising demand for advanced analytics platforms to harness the vast amounts of data generated across various industries. Key drivers include government initiatives promoting AI adoption, the expansion of smart city projects, and the digitization of healthcare and finance sectors. Cloud-based solutions are expected to dominate the market, offering scalability and accessibility while adhering to regional data privacy regulations. Challenges such as infrastructure development, digital skills gap, and socio-economic disparities will shape market dynamics. However, collaborations between local governments, international tech firms, and academic institutions are expected to drive innovation and propel the region's AI capabilities forward. Overall, the MEA region presents a growing market opportunity for Data Science and Machine Learning Platforms, supported by technological advancements, regulatory reforms, and a strategic push towards digital transformation across diverse sectors.
According to Quadrant Knowledge Solutions, "A data science and machine learning platform is an integrated system/hub built on both code-based libraries and low-code/no-code tools. This platform enables collaboration among data scientists and other stakeholders like data engineers and business analyst across different stages of the data science lifecycle, such as business understanding, data access and preparation, visualization, experimentation, model building, and insight generation. The platform facilitates machine learning engineering tasks, covering data pipeline development, feature engineering, deployment, testing and predictive analysis. The platform gives options between local clients, browsers, or completely managed cloud services to businesses depending upon their requirements."