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Cloud to grow at the highest CAGR with DataOps Platform market worth US $ 10.9 billion by 2028
Cloud is expected to grow at the highest CAGR as projections put the worth of the global DataOps Platform Market rising from US $ 3.9 billion in 2023 to US $ 10.9 billion by 2028 .
The finding from a report released by MarketsandMarkets is based on deployment mode into cloud and on-premises .
Cloud deployment offers enhanced flexibility and accessibility , enabling users to access the DataOps platform from anywhere with an Internet connection , the report says this increased accessibility empowers businesses to leverage the platform ’ s capabilities without limitations of physical location .
Additionally , cloud deployment expedites the implementation and deployment process of DataOps platforms by eliminating the requirement for businesses to establish and configure their own hardware and infrastructure .
The report says this streamlined approach saves valuable time and reduces the time to value , enabling businesses to swiftly extract insights and make data-driven decisions .
Embracing cloud deployment allows organizations to harness the full potential of their data assets swiftly and efficiently , providing them with a competitive edge in the dynamic business landscape , the report says .
Including among related recent developments identified as examples in the report are :
• The February 2023 Informatica launch of Cloud Data Integration-Free and PayGo – pitched as the only free cloud data loading , integration and ETL / ELT service . This new service targets data practitioners and non-technical users such as in marketing , sales and revenue operations teams to build data pipelines within minutes .
• Wipro ’ s November 2022 launch of Data Intelligence Suite speeding up the cloud modernization and data monetization , focused on modernizing data estates , including data stores , pipelines and visualizations , running on Amazon Web Services . The suite is pitched as providing a dependable and safe way to migrate from existing platforms and fragmented legacy systems to the cloud .
• The June 2022 announcement by Teradata outlining the general availability and integration of the Teradata Vantage multi-cloud data and analytics platform with Amazon SageMaker – pitched as enabling organizations to widely employ advanced analytics to fully leverage their data .
The report says that better integration with cutting-edge technologies like cloud means the market for DataOps platforms has a bright future as businesses increasingly value efficient data operations .
Two other key factors in this projected future advancement for data operations platforms are identified as increasing automation , AIdriven capabilities and Edge Computing .
“ Better integration with cutting-edge technologies like cloud computing and Edge Computing , data operations platforms will continue to advance . In order to speed Digital Transformation activities across sectors and support data-driven decisionmaking , the market will see an increase in demand for scalable , secure and agile DataOps solutions ,” the report says . p
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