Global Autonomous Data Platform Market

Autonomous Data Platform Market Size, Share, Growth Analysis, By Component (Platform, Services), By Deployment (On-premises, Cloud), By Enterprise (Large Enterprise, Small and Medium Enterprise (SME)), By End-use (BFSI, Healthcare), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2089 | Region: Global | Published Date: September, 2024
Pages: 197 | Tables: 144 | Figures: 78

Autonomous Data Platform Market News

  • In April 2023, Oracle announced enhancements to its Autonomous Database platform, including new AI-driven analytics capabilities and automated data governance features. These updates aim to help enterprises gain deeper insights and ensure compliance with regulatory standards while reducing manual data management tasks. 

  • In December 2023, Microsoft launched the Azure Synapse AutoPilot, an autonomous data platform that leverages machine learning to optimize query performance and resource allocation dynamically. This platform is designed to simplify big data analytics and accelerate decision-making processes for businesses. 

  • In March 2023, Snowflake unveiled new features for its autonomous data cloud platform, including automated performance tuning and self-healing capabilities. These features are designed to enhance the platform's efficiency and reliability, enabling users to focus on data-driven innovation. 

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Global Autonomous Data Platform Market size was valued at USD 1.57 Billion in 2022 and is poised to grow from USD 1.93 Billion in 2023 to USD 10.12 billion in 2031, at a CAGR 23.0% during the forecast period (2024-2031).

To support growth and improve their internal company operations, the important companies are seen to allocate resources to R&D initiatives. Companies can be observed participating in partnerships and mergers & acquisitions to improve their products and acquire a competitive edge in the market. To attract new clients and increase market share, they are successfully developing new items and improving old ones. 'Cloudera (US) ', 'Informatica (US) ', 'Snowflake (US) ', 'IBM (US) ', 'Microsoft (US) ', 'Oracle (US) ', 'SAP (Germany) ', 'Teradata (US) ', 'Alteryx (US) ', 'Denodo Technologies (Spain) ', 'AtScale (US) ', 'Databricks (US) ', 'Palantir Technologies (US) ', 'HPE (Hewlett Packard Enterprise) (US) ', 'Zaloni (US) ', 'Paramount Group (South Africa) ', 'UralVagonZavod (Russia) ', 'GAZ Group (Russia) ', 'Mahindra Defence Systems (India) ', 'Otokar Otomotiv ve Savunma Sanayi A.Ş. (Turkey) ', 'International Armored Group (UAE) ', 'BAE Systems Hägglunds AB (Sweden)'

With the exponential growth of data sources and formats, organizations are struggling to manage and integrate diverse data sets effectively. Autonomous Data Platforms provide automated solutions for data ingestion, integration, and management, reducing the complexity associated with data management processes.

Growing Adoption of Cloud-based Solutions: There is a significant trend towards adopting cloud-based Autonomous Data Platforms. Organizations are leveraging the scalability, flexibility, and cost-effectiveness of cloud infrastructure to manage and analyze large volumes of data. Cloud-based solutions also provide easier access to AI and ML technologies, enabling faster deployment and integration of autonomous capabilities.

North America accounted for 36.3% of total revenue in 2023. As it is home to the majority of developed economies, such as the United States and Canada, the area is considered to be the most advanced in terms of adopting cutting-edge technology and cloud-based solutions. An enormous market increase is being driven by the rising internet and cell phone usage in North America. 

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Global Autonomous Data Platform Market

Report ID: SQMIG45F2089

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