Data science is a broad term that contains data analytic tools, which help the organization to make better decisions, increase efficiency, reduce operational costs, and enhance customer services.

Increasing adoption of data analytical tools in various industries is a major factor expected to boost growth of the global data science market over the forecast period. High costs associated with deployment and use of data analytical tools is a major factor hampering growth of the global data science market.

On the basis of type, the global data science market is segmented into solution, and services. The solution segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, services segment is projected to witness moderate growth over the forecast period.

The global data science market report has been segmented on the basis of type, end user, and region. On the basis of region, the global data science market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to high adoption of advanced analytical tools and technologies in the region. Revenue from the market in Europe accounted for second-highest share and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed to increasing awareness about data science and increasing use of various analytical tools in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X% and the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.

Prominent players in the global data science market include Microsoft Corporation, IBM Corporation, AS Institute, Inc. SAP SE, Rapid Miner, Inc. Datalink SAS, Apteryx, Inc. Fair Isaac Corporation (FICO) and Math Works, Inc.

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