Autonomous Data Platform Market Share was valued at USD 810 Million in 2019 and is expected to register a CAGR of 22.2% during the forecast period.

An autonomous data platform offers end-to-end automation for security, provisioning, updates, performance, error prevention, and availability. An autonomous data platform is a self-driving database as all infrastructure management, tuning processes, and monitoring are automated. It has built-in capabilities, which protect against both internal malicious users and external attacks. An autonomous database requires less than 2.5 minutes of downtime, including patching. It features time-based transaction processes, which includes a personalization, fraud detection, and real-time analytics.

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The factors driving the growth of the global autonomous data platform market are the increasing adoption of enhanced analytics and cognitive computing technology. There is a rise in the volume of unstructured data among several enterprises due to the phenomenal growth of social media and interconnected devices. This increase in volume is expected to boost the demand for autonomous database solutions from small and medium-sized enterprises. The growing implementation of artificial intelligence and machine learning to help in decision-making processes is likely to surge the growth of the global autonomous data platform market. The demand for cloud technology is accelerating, which is propelling the demand for autonomous data platform. The internet is the primary reason for the increase in unstructured and structured data, which increases the growth in the number of devices and autonomous data tools.

Moreover, Covid-19 pandemic has positively impacted the global autonomous data platform market. The increase in remote services has surged the digital transformation among various industries. The pandemic has increased the investment in data analytics tools and bolstered the need for enhanced analytics for monitoring and tracking real-time information. The demand for autonomous database solutions has grown during this pandemic to contain its spread by visualizing, extracting, and executing the efforts in near real-time to control this virus. These advancements are driving the growth of this market. However, some analytical processes are complex, which need trained professionals to operate these tools. The lack of skilled professionals and problems associated with maintaining sync between safety and quality might restrain the growth of the global autonomous data platform market.

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Based on the deployment type, the market is segmented into on-premises and cloud. The on-premises segment is expected to grow at a higher CAGR over the forecast period. The on-premises deployment is a conventional approach of implementing autonomous data platform at the premises of an enterprise. It requires a one-time license fee along with the service agreement, which makes it cost-effective as compared to cloud deployment mode. The on-premises deployment is safer for enterprises, wherein, security and user credentials are essential aspects of the business processes. The on-premises deployment offers organizations to abstain from transferring data over the internet, allows quick accessing of data, and offers separate maintenance and security of data as it removes the need for third-party vendors. These features surge the growth of the on-premises segment in the global autonomous data platform market.

Based on the vertical, the market is segmented into BFSI, healthcare & life sciences, retail, manufacturing, telecommunication & media, government, and others. The BFSI segment is anticipated to witness a faster CAGR over the forecast period. The financial sector needs high security of customer data and has to deliver personalized services, which has become difficult due to the rising awareness among customers. An autonomous data platform ensures the security of customer’s data, money laundering, assessment of risks, and meeting regulations that govern privacy. These factors play a significant role in driving the growth of the BFSI segment in the global autonomous data platform market.

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Based on the region, the Europe region is projected to grow at a higher CAGR during the forecast period. There has been a rise in the inconsistent data generation across the various enterprises in European countries, thus increasing the demand for the implementation of autonomous database solutions. Constant technological advancements and the introduction of new business models are further boosting the growth of the autonomous data platform market in Europe.

Various notable players operating in the market include Oracle, IBM, Teradata, Cloudera, Inc., MapR Technologies, Inc., Amazon Web Services, Inc., Qubole, Inc., Gemini Data, Ataccama, Denodo Technologies, among others. 

Key Developments:

• • In 2020, Oracle unleashed a cloud-based data science platform, with Oracle Cloud Infrastructure Data Science service at its core. It offers the ability for users to train, manage, and build machine learning algorithms on the Oracle Cloud.
  • In 2020, Qubole, Inc. partnered with Ascend.io, the data engineering company, to bring the world’s most advanced data pipeline autonomous technology with the most wide-ranging data lake platform. It allows data teams to design self-service data pipelines 7x faster with 95% less code, thus reducing infrastructure costs by 50% or more with superior efficiency of processing data.

The global autonomous data platform market has been segmented on the basis of component, organization size, deployment type, vertical, and regions. Based on component, the market is segmented into platform and services. The services segment is further segmented into advisory, integration, and support & maintenance. Based on organization size, the market is segmented into large enterprises and small & medium-sized enterprises. Based on deployment type, the market is segmented into on-premises and cloud. Based on vertical the market is segmented into BFSI, healthcare & life sciences, retail, manufacturing, telecommunication & media, government, and others. Based on region, the global autonomous data platform market is segmented into North America, Europe, Asia-Pacific, and roW. 

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Key questions answered in this research report:

• • At what pace is global autonomous data platform market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in autonomous data platform market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global autonomous data platform market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various vertical areas of global autonomous data platform market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Organization Size, By Deployment Type, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Oracle, IBM, Teradata, Cloudera, Inc., MapR Technologies, Inc., Amazon Web Services, Inc., Qubole, Inc., Gemini Data, Ataccama, Denodo Technologies, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Autonomous Data Platform Market by Component

• • Platform
  • Services
    • Advisory
    • Integration
    • Support and Maintenance

Global Autonomous Data Platform Market by Organization Size

• • Large Enterprises
  • Small & Medium-Sized Enterprises

Global Autonomous Data Platform Market by Deployment Type

• • On-premises
  • Cloud

Global Autonomous Data Platform Market by Vertical

• • BFSI
  • Healthcare and Life Sciences
  • Retail
  • Manufacturing
  • Telecommunication and Media
  • Government
  • Others

Global Autonomous Data Platform Market by Region

• • North America Autonomous Data Platform Market (Option 1: As a part of the free 25% customization)
    • North America Autonomous Data Platform Market by Component
    • North America Autonomous Data Platform Market by Organization Size
    • North America Autonomous Data Platform Market by Deployment Type
    • North America Autonomous Data Platform Market by Vertical
    • US Autonomous Data Platform Market All-Up
    • Canada Autonomous Data Platform Market All-Up
  • Europe Autonomous Data Platform Market (Option 2: As a part of the free 25% customization)
    • Europe Autonomous Data Platform Market by Component
    • Europe Autonomous Data Platform Market by Organization Size
    • Europe Autonomous Data Platform Market by Deployment Type
    • Europe Autonomous Data Platform Market by Vertical
    • UK Autonomous Data Platform Market All-Up
    • Germany Autonomous Data Platform Market All-Up
    • France Autonomous Data Platform Market All-Up
    • Spain Autonomous Data Platform Market All-Up
    • Rest of Europe Autonomous Data Platform Market All-Up
  • Asia-Pacific Autonomous Data Platform Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Autonomous Data Platform Market by Component
    • Asia-Pacific Autonomous Data Platform Market by Organization Size
    • Asia-Pacific Autonomous Data Platform Market by Deployment Type
    • Asia-Pacific Autonomous Data Platform Market by Vertical
    • China Autonomous Data Platform Market All-Up
    • India Autonomous Data Platform Market All-Up
    • Japan Autonomous Data Platform Market All-Up
    • Rest of APAC Autonomous Data Platform Market All-Up
  • RoW Autonomous Data Platform Market (Option 4: As a part of the free 25% customization)
    • RoW Autonomous Data Platform Market by Component
    • RoW Autonomous Data Platform Market by Organization Size
    • RoW Autonomous Data Platform Market by Deployment Type
    • RoW Autonomous Data Platform Market by Vertical
    • Brazil Autonomous Data Platform Market All-Up
    • South Africa Autonomous Data Platform Market All-Up
    • Saudi Arabia Autonomous Data Platform Market All-Up
    • UAE Autonomous Data Platform Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Autonomous Data Platform Market All-Up

Major Players Operating in the Autonomous Data Platform (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Oracle
  • IBM
  • Teradata
  • Cloudera, Inc.
  • MapR Technologies, Inc.
  • Amazon Web Services, Inc.
  • Qubole, Inc.
  • Gemini Data
  • Ataccama
  • Denodo Technologies