Gartner Report Highlights Rapid Growth and Innovation in Machine Learning Platforms
Gartner's latest Magic Quadrant evaluates the top 20 data science and machine learning platforms, noting massive market growth and a surge in new vendor capabilities.
Gartner releases its 2021 Magic Quadrant report evaluating the top 20 vendors in the data science and machine learning (DSML) platform market. The report highlights a massive glut of innovation in this fast-growing sector, where companies increasingly rely on these tools to source data, build models, and deploy machine learning applications to gain a competitive edge.
The DSML software market grows by 17.5% in 2019 to reach $4 billion in revenue, making it the second-fastest-growing segment in the analytics and business intelligence space. Notable market shifts include Google and Amazon actively competing with Microsoft for cloud DSML supremacy, while established giants like IBM, SAS, and MathWorks maintain their positions through adaptive strategies and modernized offerings.
Gartner emphasizes that responsible AI governance, transparency, and bias reduction serve as the most valuable differentiators among today's top platforms. The analysis also shows that smaller and mid-size vendors experience sustained hypergrowth, and the most innovative tools now enable diverse teams of data engineers, citizen data scientists, and developers to collaborate seamlessly on the same projects.