The Data Monetization Market research reports 2023-2030. A detailed study accumulated to offer the Latest insights about acute features of the Global Data Monetization market. This report provides a detailed overview of key factors in the Data Monetization Market and factors such as driver, restraint, past, and current trends, regulatory scenarios, and technology development. This report elaborates the market size, revenue, and growth of the Data Monetization industry, and breaks it down according to the type, application, and consumption area of Data Monetization. The report also conducted a PESTEL analysis of the industry to study the industry’s main influencing factors and entry barriers.
The global data monetization market size was $2,092.5 million in 2022 and is expected to reach $9,421.4 million by 2030, growing at a CAGR of 18.2% between 2023 and 2030.
Some of the key players profiled in the study are:
Viavi Solutions, Infosys, SAP, Adastra, Mahindra Comviva, Alepo, EMC, ALC, Redknee, SAS, Monetize Solutions, Reltio, IBM, Teradata, CellOS Software, Altruist India/Connectiva, Samsung ARTIK, 1010DATA, Dawex Systems.
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Data Monetization Market Overview
Data monetization is the process of turning large amounts of unused or unstructured corporate data into valuable insights and selling that data for money or in exchange for services. It helps businesses cut costs and make more money by getting them to invest in analytics platforms that can turn unstructured data into useful insights on demand. It is the process of getting the data in an organization’s enterprise tools to give up its huge financial value. Over time, these solutions have become more popular because more people are learning about the possible benefits of data mining and more businesses are trying to find new ways to grow and make money.
Market Segmentation
Based on the Component:
- Tools
- Services
- Consulting
- Support and Maintenance
- Implementation and Integration
Based on the Data Type:
- Customer Data
- Product Data
- Financial Data
- Supplier Data
Based on the Business Function:
- Sales and Marketing
- Operations
- Finance
- Others (Legal, R&D, and HR)
- Supply Chain Management
Based on the Deployment Type:
- On-premises
- Cloud
Based on the Organization Size:
- Small and Medium-Sized Enterprises(SMEs)
- Large Enterprises
Based on the Vertical:
- BFSI
- Telecom
- Consumer Goods and Retail
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Regional Insights
North America had 34% of the world market share, and it is likely to keep its lead over the next few years. Rising oil production and shale gas activities are likely to increase the need for indirect data monetization to improve operational efficiency. This will drive the growth of the oil and gas data monetization market in the area. Also, it is expected that the Middle East and Africa will hold 26% of the worldwide oil and gas data monetization market. There are a lot of known oil reserves in Saudi Arabia, Iran, Iraq, Kuwait, and the UAE. This gives the oil and gas data monetization market in these places a chance to grow. There is a lot of room for growth in both indirect and direct ways of making money off of data. For example, software and services that help build data stores can be used to make money. (mainly exploration data products). Seismic and geophysical surveys have been done in the area to find new exploration spots and evaluate their potential. The use of software solutions will continue to drive the market during the forecast period.
Country-Level Break-Up:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Influence of the Data Monetization market report:
-Comprehensive assessment of all opportunities and risks in the Data Monetization market.
-Data Monetization market recent innovations and major events.
-Detailed study of business strategies for growth of the Data Monetization market-leading players.
-Conclusive study about the growth plot of the Data Monetization market for forthcoming years.
-In-depth understanding of Data Monetization market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Data Monetization market.
Reasons for Buying this Report:
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward-looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow.
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