What is the current Datafication Market size?

The Datafication Market is projected to register a CAGR of 12.42% during the forecast period (2024-2029) Read More

Who are the key players in Datafication Market?

IBM Corporation, SAS Institute, Workiva, DataRobot, Inc. and Search Discovery, Inc. are the major companies operating in the Datafication Market. Read More

Which is the fastest growing region in Datafication Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Datafication Market?

In 2024, the North America accounts for the largest market share in Datafication Market. Read More

What years does this Datafication Market cover?

The report covers the Datafication Market historical market size for years: 2022 and 2023. The report also forecasts the Datafication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Datafication Market Size & Share Analysis - Industry Research Report

Datafication Market Size Share Analysis - Growth Trends & Forecasts (2024-2029)

The Datafication Market is Segmented by Type (Behavioral Datafication, Social Datafication, Geospatial Datafication, Transactional Datafication, and Sensor Datafication), by Application (Blockchain, Aiops, Cognitive Computing, Edge Computing, Finops, and Other Applications), and by End-User Vertical (BFSI, Healthcare, IT and Telecom, Government and Defense, Retail, Other End-User Verticals) by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Datafication Industry Overview

The datafication market comprises a mix of global and regional players, resulting in a semiconsolidated market landscape. However, there is a noticeable trend towards consolidation among various smaller players. Many market participants are gaining a competitive edge through innovative strategies. Key players in this market include IBM Corporation, SAS Institute, and Workiva, among others.

In July 2023, HCLTech introduced a groundbreaking solution known as HCLTech Advantage Analytics. This innovation aims to offer businesses a wide range of services by seamlessly integrating AI (artificial intelligence) and BI (business intelligence). The objective is to enhance customer experiences and improve overall business outcomes. HCLTech Advantage Analytics harnesses the power of AI and is designed to work in conjunction with Snowflake's Data Cloud. This technology-neutral platform allows HCLTech Advantage Insights to seamlessly interact with Snowflake's Data Cloud, providing clients with AI-infused insights that empower quick and well-informed decision-making.

In July 2023, KPM Analytics unveiled KPMLink, a cloud-based application tailored for the remote management of its SpectraStar XT series Near-Infrared (NIR) analyzers. This innovative tool allows users and management to access comprehensive diagnostic histories for each instrument, ensuring robust health data insights. Furthermore, critical instrument health data is securely stored both on-site and in the cloud through KPMLink, ensuring data integrity and providing users with the confidence to base their decisions on reliable measurement data.