PUBLISHER: QKS Group | PRODUCT CODE: 1669179
PUBLISHER: QKS Group | PRODUCT CODE: 1669179
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 32% by 2028 in Latin America.
The market for Data Science and Machine Learning platforms in Latin America is evolving dynamically with notable trends and opportunities. Major global players such as Microsoft Azure, Google Cloud Platform, and Amazon Web Services (AWS) dominate the region's cloud-based solutions, offering comprehensive tools for data analysis, AI development, and machine learning deployment. These platforms cater not only to large corporations but also support the digital transformation efforts of small and medium-sized enterprises across various industries including banking, healthcare, and telecommunications. Local initiatives and startups are also contributing significantly to the ecosystem, offering specialized solutions that address regional challenges and preferences. The market's expansion is fueled by increasing digitalization efforts, government incentives promoting technology adoption, and a burgeoning interest in leveraging data analytics for business optimization and decision-making processes throughout Latin America.
According to QKS Group, "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 33% by 2028 in Latin America.
The market forecast for Data Science and Machine Learning Platforms in Latin America through 2028 indicates a promising trajectory marked by increasing adoption of digital technologies and data-driven strategies across the region. As businesses and governments recognize the transformative potential of AI and machine learning, investments in advanced analytics platforms are expected to rise. Key drivers include the growing volume of data generated by digitalization efforts, the need for enhanced customer insights and operational efficiencies, and the expansion of e-commerce and fintech sectors. Cloud-based solutions are likely to dominate, offering scalability and accessibility to organizations of all sizes. Challenges such as infrastructure development and data privacy regulations will shape market dynamics, while initiatives to foster digital skills and innovation ecosystems are expected to support growth. Overall, Latin America presents a burgeoning market for Data Science and Machine Learning Platforms, driven by a convergence of technological advancement, regulatory developments, and increasing demand for data-driven decision-making across diverse industries.
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."