DataOps Platform Market Size - By Component (Software, Service), By Deployment Mode (On-premises, Cloud), By Organization Size (SMEs, Large Enterprises), End Use, Growth Opportunities & Global Forecasts, 2023 – 2032

DataOps Platform Market Size

DataOps Platform Market size valued at USD 3.4 billion in 2022 and is anticipated to grow at a CAGR of 22% between 2023 and 2032. The wide use of cloud computing has provided organizations efficient & effective ways to manage their data. DataOps platforms are designed to work seamlessly in cloud environments, providing capabilities such as cloud data integration, flexible scalability, and cost optimization.
 

DataOps platforms are software solutions that facilitate the implementation of DataOps policies and practices within an organization. DataOps is an approach that unites people, processes, and technology to simplify & optimize the end-to-end business of data management, from information integration and planning to analysis and delivery.

The lack of data security measures can hinder market growth during the forecast period. Organizations may refuse to implement a DataOps platform if it offers insufficient data security. They may be concerned that their sensitive data is vulnerable to unauthorized access, data breaches, or cyber-attacks. Without confidence in the security capabilities of DataOps platforms, organizations may hesitate to entrust their valuable data to these systems.
 

COVID-19 Impact

The COVID-19 pandemic impacted many markets including the DataOps platform market in 2020. The impact of COVID-19 affected business and consumer behavior in the industry. This led to changes in business requirements, data management, and analytics requirements. DataOps platform providers will need to update their services to meet the changing business environment.
 

DataOps Platform Market Trends

The rising focus on data governance and compliance, driven by regulations such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), plays a crucial role in propelling the adoption of DataOps platforms. These platforms provide the ability to define and manage data management policies across an organization. These policies provide data retention, data privacy, data management, and data lifecycle management. DataOps platforms, including data management tools that monitor data quality and integrity, facilitate the management of these policies through automation, data tracking, and responsibility management.
 

These tools identify and resolve issues with data accuracy, completeness, consistency, and timeliness. By maintaining data quality standards, organizations can comply with data management regulations and reduce the risk of non-compliance. In addition, the growing need for automation has prompted organizations to incorporate DataOps to achieve cost efficiency and leverage cloud computing.
 

DataOps Platform Market Analysis

The on-premises segment held around 60% of the DataOps platform market in 2022. The on-premises deployment model provides organizations with greater customization and flexibility in configuring the DataOps platform to meet their specific needs. By adapting the platform to existing processes, performance, and security requirements, they can provide better data management and solutions. On-premises DataOps platforms offer distinct advantages while integrating with legacy systems and processes. Many organizations have invested heavily in their in-house IT systems, and a DataOps platform can leverage the existing technology resources to enable seamless integration & interaction with these systems.
 

The DataOps platform market size from BFSI segment reached over USD 650 million in 2022. BFSI businesses rely on data to make risk-based decisions, customer segmentation, fraud detection, regulatory compliance, and investment strategies. DataOps platforms enable effective management, integration, and analysis of large amounts of financial data, enabling organizations to make informed decisions quickly & accurately Providing personalized and customized service is the key to success in the BFSI industry.
 

DataOps platforms enable organizations to better see their customers by facilitating the integration of customer data from multiple sources. This simplifies customer profiling, segmentation, and personalized marketing plans to increase customer satisfaction and loyalty. Furthermore, by using a DataOps platform, the BFSI division can unlock the full potential of its data, improve operations, drive compliance, manage risks, and provide customers with unique insights.
 

North America DataOps Platform market accounted for 40% revenue share in 2022, led by the growing emphasis on data security & privacy. Data security & privacy are major concerns for North American organizations, particularly due to stringent regulations such as the California Consumer Privacy Act (CCPA), the Consumer Insurance Act, and the Health Insurance Portability and Accountability Act (HIPAA).
 

DataOps platforms that provide robust data management, encryption, and customization capabilities are needed to ensure compliance and protect sensitive data. The focus on data governance and compliance, driven by regulations such as GDPR and CCPA, is fueling the use of DataOps platforms in the region. These platforms provide powerful tools and processes to manage data rights, ensure data quality, and ensure compliance with data privacy laws.
 

DataOps Platform Market Share

Major companies operating in the DataOps Platform market include:

• Accenture
• AWS
• Databricks
• Datafold
• Dataiku
• Datakitchen
• Hitachi Vantara
• IBM
• Informatica
• Microsoft
• Oracle
• SAP Institute
• Talend
• Teredata
• Wipro

The competitive landscape is characterized by continuous innovation, as vendors strive to improve their offerings with new features, integrations, and partnerships.

DataOps Platform Industry News:

• In May 2023, data.world acquired Mighty Canary to launch a new DataOps application. It provides a seamless way for data teams to update data consumers on the health of their data, communicate important information, and receive feedback, increasing the use of high-quality data.
   

This DataOps platform market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments:

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Market, By Component

• Software
  • Data integration
  • Data quality
  • Data governance
  • Workflow automation
  • Data analytics
  • Others 
• Service
  • Consulting
  • Implementation & integration
  • Training & education
  • Support & maintenance

Market, By Deployment Type

• On-premises
• Cloud

Market, By Organization Size

• SMEs
• Large enterprises

Market, By End Use

• BFSI
• Healthcare & life sciences
• Retail & e-commerce
• Manufacturing
• IT & telecommunication
• Government & public sector
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Netherland
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Singapore
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel