In this piece, we will take a look at the 15 biggest data science companies in USA. For more companies, head on over to 5 Biggest Data Science Companies In USA.
Big data analytics, also known as data science, is one of the hottest fields in information technology. This is due to the fact that it is nearly ubiquitous across industries, and the growth and popularity of the Internet has led to vast sums of data being generated daily for advertisers to capitalize on.
Estimates show that the amount of data that is generated globally will grow to unbelievable amounts. Research firm IDC believes that global data will grow at a stunning compounded annual growth rate (CAGR) of 61% between 2018 and 2025, to 175 zettabytes by 2025. For the uninitiated, a gigabyte of information contains 1024 megabytes, and a zettabyte has roughly 1,100 trillion megabytes – much larger than your daily Internet usage we’d assume. To better understand the significance of IDC’s estimates, if all this data was written onto blu-ray disks, then these disks could be stacked to the Moon 23 times over.
This growth has also spurred a strong interest in the field itself, with the Department of Labor estimating that the data science sector is expected to grow by 26% through 2026. Naturally, this growth will also boost salaries in the field, and the average salary for the field sits at $111,000 in the U.S. right now. Finally, looking at the sector as a whole, Markets and Markets estimates that the data science platform market was worth $95 billion last year, and between then and 2026, it will grow at a CAGR of 27.7% to be worth $322.9 billion. It further outlines that the growth in the business and finance sectors will lead the way for the industry.
Therefore, it’s fairly accurate to say that the data science sector has a great future ahead of it, and in today’s piece we have narrowed down the top data science companies. Among these, the renowned players are Alphabet Inc. (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT).
Photo by Science in HD on Unsplash
Our Methodology
We took a broad look at the data science industry to identify the various companies in it. These were then selected through their product portfolio strength and financial performance, following which they were ranked through Insider Monkey’s 895 hedge fund survey for the second quarter of this year.
Biggest Data Science Companies In USA
15. SAP SE (NYSE:SAP)
Number of Hedge Fund Holders: 16
SAP SE (NYSE:SAP) is a German company that provides enterprise application software to allow firms to record their daily transactions, manage manufacturing and production, and run supply chain analytics. It is headquartered in Walldorf, Germany.
SAP SE (NYSE:SAP)’s fiscal third quarter results saw the firm bring in EUR11.27 billion in backlogs, indicating that there is still a strong demand for its services as global spending gets hammered by inflation and high interest rates. The company’s data analytics platform lets its customers run analytics on a petabyte scale and transform data into business insights.
Insider Monkey’s Q2 2022 survey of 895 hedge funds revealed that 16 had held a stake in the company.
Out of these, Ken Fisher’s Fisher Asset Management is SAP SE (NYSE:SAP)’s largest investor. It owns 8.6 million shares …….