Data Science Market worth US$ 696.15 billion by 2030 with a CAGR of 33.90% prophecymarketinsights.com

data science market is projected to grow from US$ 36.40 billion in 2020 to US$ 696.15 billion by 2030. Technological advancements, especially in big data analytics and increasing adoption of various data analytical tools in industries across developed countries is a major factor driving growth of the target market. In addition, increasing adoption of various cloud based technologies and increasing data collection & analysis from mobile devices are other major factors expected to boost growth of the global data science market over the forecast period. Furthermore, factors boosting the global market include data explosion, the realization of the importance of data science by organizations, increase in data collection & analysis from mobile devices. Higher inclination of enterprises towards data intensive business strategies is the opportunity for the key market players