Dublin, Nov. 02, 2023 (GLOBE NEWSWIRE) -- The "DataOps Platform Market by Offering (Platform and Services), Type (Agile Development, DevOps, and Lean Manufacturing), Deployment Mode, Vertical (BFSI, Telecommunications, and Healthcare & Life Sciences) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The DataOps Platform market is on the brink of significant expansion, with a projected value of USD 10.9 billion by 2028, up from USD 3.9 billion in 2023. This anticipated growth reflects a remarkable Compound Annual Growth Rate (CAGR) of 23.0% during the forecast period from 2023 to 2028.

Key Highlights:

• Agile Development Takes the Lead: The agile development segment is expected to hold the largest market share during the forecast period. Agile Development in the DataOps platform empowers organizations to respond rapidly to changing business needs, enhance project visibility and transparency, foster innovation, and achieve faster time-to-value for data initiatives.
• Services Segment Grows Exponentially: The services segment within the DataOps platform is projected to grow at the highest CAGR during the forecast period. These services facilitate efficient data operations and management by integrating AI capabilities, real-time analytics, and insight delivery into applications.
• North America Drives Market Dominance: North America is anticipated to maintain its market dominance during the forecast period. The region's thriving technology sector and substantial investments in data infrastructure drive the adoption of DataOps platforms. Leading technology companies in North America are heavily investing in data infrastructure and analytics capabilities.

The growth of the DataOps platform industry underscores the central role of data management and governance in modern business operations. This critical software lays the foundation for collaboration, enabling discourse between data engineers, data scientists, and analysts. A well-run, centralized approach to data operations is essential for extracting maximum value from an organization's data assets.

The trend toward Agile Development in the DataOps market highlights the significance of transparency, collaboration, and innovation, as well as the rapid realization of data initiatives. Additionally, the services segment, specifically designed to address data management challenges, is marked for substantial growth. Integrating efficient AI capabilities, real-time analytics, and insight delivery into applications, provides a solid foundation for quality decision-making.

The North American region, with its robust technology sector and significant data infrastructure investments, is expected to continue leading the market for DataOps platforms.

This comprehensive market research report offers deep insights into the rapidly expanding DataOps platform market. By understanding key market drivers, challenges, opportunities, and restraints, businesses can strategically position themselves for success in this dynamic and ever-evolving sector.

Competitive landscape

In-depth assessment of market shares, growth strategies and service offerings of leading players such as Microsoft (US), IBM (US), Oracle (US), AWS (US), Informatica (US), Teradata (US), Wipro (India), Accenture (Ireland), SAS Institute (US), Hitachi Vantara (US), DataKitchen (US), Atlan (Singapore), Dataiku (US), Fosfor (India), Databricks (US), StreamSets (US), Talend (US), Collibra (US), Celonis (US), BMC Software (US), Saagie (France), Composable Analytics (US), Tengu.io (Belgium), Unravel Data (US), Monte Carlo Data (US), Census (US), RightData (US), Zaloni (US), Datafold (US), DataOps.live (UK), K2view (Israel).

Premium Insights

• Rising Need to Gain Real-Time Insights from Data to Drive Market Growth
• Agile Development Segment to Grow at Highest CAGR During Forecast Period
• Platform Segment and BFSI Segment to Hold Largest Market Shares in North America in 2023
• North America to Hold the Largest Market Share in 2023

Market Dynamics

Drivers

• Increased Data Complexity and Data Volume
• Rise in Need to Gain Real-Time Insights
• Increased Demand for Cloud Solutions
• Extensive Focus on Data-Driven Insights

Restraints

• Data Privacy and Security Concerns
• Budget Constraints due to High Investment

Opportunities

• Need to Bridge Gap Between Data Engineers and Data Analysts
• Need for Data Teams to Keep Pace with Rapidly Changing Requirements

Challenges

• Lack of Awareness and Understanding of Dataops
• Shortage of Skilled Talent

Case Study Analysis

Healthcare and Life Sciences

• Large Pharmaceutical Business Selected Datakitchen to Offer Timely Analytical Insights
• Roche Diagnostic Used Dataops.Live Platform to Become a More Agile Data-Driven Business

BFSI

• Streamsets Enabled Aon to Hold Its Position as a Leader in the Financial Services Sector
• Fannie Mae Selected Hitachi Vantara to Deliver Game-Changing Value to Their Business

Retail and E-commerce

• Unravel Data Enabled 84.51 to Enhance Operational Efficiency

Telecom

• Dataops.Live Enables Oneweb to Deliver Great Service Through Complete Visibility of Operations

Manufacturing

• Clarios Leverages Spectra and Snowflake to Create Next-Gen Data and Analytics Ecosystem
• Hitachi Vantara Helped Metals Industry Manufacturers Reduce Equipment Downtime

Education

• Ad Astra Selected Streamsets to Tackle Their Data Ingestion Challenges

Company Profiles

• Accenture
• Atlan
• AWS (Amazon Web Services)
• BMC Software
• Celonis
• Census
• Collibra
• Composable Analytics
• Databricks
• Datafold
• Dataiku
• DataKitchen
• DataOps.Live
• Fosfor
• Hitachi Vantara
• IBM
• Informatica
• K2View
• Microsoft
• Monte Carlo Data
• Oracle
• RightData
• Saagie
• SAS Institute
• StreamSets
• Talend
• Tengu.io
• Teradata
• Unravel Data
• Wipro
• Zaloni

Key Attributes:

For more information about this report visit https://www.researchandmarkets.com/r/m3f7v6

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Attachment

• Global DataOps Platform Market