PUBLISHER: QKS Group | PRODUCT CODE: 1669181
PUBLISHER: QKS Group | PRODUCT CODE: 1669181
"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 35% by 2028 in China.
In China, the market for Data Science and Machine Learning platforms is rapidly advancing, underpinned by substantial investments in AI and technology infrastructure. Dominated by major domestic players such as Alibaba Cloud, Tencent Cloud, and Baidu AI Cloud, these platforms provide comprehensive solutions for data analytics, machine learning, and AI applications, catering to diverse sectors including finance, retail, healthcare, and smart city initiatives. These Chinese tech giants are complemented by a growing number of innovative startups and research institutions that are driving significant advancements in AI technologies. Government policies and strategic initiatives, such as the "New Generation Artificial Intelligence Development Plan," are actively promoting the integration of AI across industries, further accelerating market growth. Additionally, China's vast amount of data generated by its large population and digital economy provides a rich resource for developing sophisticated AI and machine learning models. The market is characterized by fierce competition and rapid innovation, positioning China as a global leader in the Data Science and Machine Learning landscape.
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 30% by 2028 in China.
The market forecast for Data Science and Machine Learning Platforms in China through 2028 anticipates robust growth driven by extensive government support, rapid technological advancements, and the widespread adoption of AI across various industries. China's strategic initiatives such as the New Generation Artificial Intelligence Development Plan are propelling the country to become a global leader in AI innovation and deployment. Key growth drivers include the integration of AI into smart cities, healthcare systems, and autonomous vehicles, supported by massive datasets and advancements in deep learning algorithms. Cloud computing and edge computing technologies are expected to play a crucial role in scaling AI applications across China, catering to the diverse needs of businesses and consumers alike. Challenges such as data privacy concerns, regulatory frameworks, and international trade dynamics may influence market dynamics. However, collaborations between tech giants, startups, and academic institutions are likely to foster innovation and drive the development of tailored AI solutions for the Chinese market. Overall, China presents a dynamic and expanding market for Data Science and Machine Learning Platforms, characterized by rapid technological evolution, strategic government initiatives, and a robust ecosystem supporting AI-driven growth across 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."