Published: 06 August 2024
The analytic platforms market grew by 14.4% in 2023, higher than the 2022 growth rate of 8.2%. Data science and AI platforms led the analytic platforms market with an impressive 29.3% growth, driven by the accelerated demand in AI and generative AI technologies.
Analytic platforms (APs) is the second fastest growing segment in the overall software market, with a growth rate of 14.4%. In 2023; it captured 4.6% of the total software market, growing the AP market to almost $36.5 billion from $31.9 billion in 2022.
Data science and AI platforms (DSAIs) is the highest growingsubsegmentwithin analytic platforms, increasing at 29.3% in 2023. It is also the second largest subsegment in terms of market share, capturing 25% of the total AP market. Its contribution is also highest toward the overall AP growth. This high growth rate was driven by the accelerated
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Analysts:
Kevin Quinn, Jim Hare, Eric Hunter, Rahul Yadav, Radu Miclaus, Nimit Bali
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