Data Monetization Market is estimated to be US$ 15.84 billion by 2030 with a CAGR of 22.8 % during the forecast period

 

Data Monetization Market accounted for US$ 2.02 billion in 2020 and is estimated to be US$ 15.84 billion by 2030 and is anticipated to register a CAGR of 15.84%. The practice of monetizing data assets in order to produce measurable economic benefits from available data sources or real-time streamed data is known as data monetization. Data monetization helps to support data created by corporate activities, as well as other elements such electronic devices and sensors that are part of the internet of things. The information acquired is then used to derive significant insights for determining economic worth or service exchange. By investing in an analytics platform based on the requirements, data monetization may assist enterprises in reducing data storage costs or increasing revenue.

The report " Global Data Monetization Market, By Method (Direct Monetization and Indirect Monetization), By Industrial Vertical (Finance, Retail, Telecommunication & IT Manufacturing, Healthcare, Energy and Utilities, Government and Defense and Others), By Application (Sales & Marketing, Supply Chain Management, Capital Asset Management and Remote Equipment Monitoring) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East &Africa) Trends, Analysis and Forecast till 2029’’

Key Highlights:

·         In August 2021, AnalyticsIQ, the leading predictive analytics innovator and marketing data creator, today announced the launch of their new e-commerce store for audience data. The store is built with Narrative’s new Data Shops offering, which enables companies to effortlessly spin up a branded data shop that lets data users easily find, purchase, and leverage a variety of proprietary data assets via a familiar e-commerce experience.

Analyst View:

The worldwide data monetization industry is growing due to rising data volumes and improved ability to acquire a diverse variety of data kinds. Additionally, the growing use of external data sources, combined with market competitors' focus on developing technologically improved solutions, is likely to drive the worldwide data monetization market forward over the forecast period. Furthermore, the worldwide data monetization market is expected to develop due to widespread acceptance of data monetization by mobile carriers and the BFSI industry, advancements in technology, and a growing desire to find new revenue sources. However, rising worries about data privacy and ownership, as well as a lack of awareness about the potential benefits of data monetization, are impeding the market's expansion.

 

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/899

 

Key Market Insights from the report:

The Global Data Monetization Market accounted for US$ 2.02 billion in 2020 and is estimated to be US$ 15.84 billion by 2030 and is anticipated to register a CAGR of 15.84%. The Global Data Monetization Market is segmented based on the method, industrial vertical, application and region.

·         By Method, the Global Data Monetization Market is segmented into Direct Monetization and Indirect Monetization.

·         By Industrial Vertical, the market is segmented into Finance, Retail, Telecommunication & IT Manufacturing, Healthcare, Energy and Utilities, Government and Defense and Others.

·         By Application, the market is segmented into Sales & Marketing, Supply Chain Management, Capital Asset Management and Remote Equipment Monitoring.

·         By Region, the Global Data Monetization Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America on the basis of region is expected to hold maximum share in the growth of the global data monetization market.

Competitive Landscape:

The key players operating in the global Data Monetization market include Cisco Systems Inc., Google Inc., IBM Corporation, Accenture, Monetize Solutions, Inc., VIAVI Solutions Inc., Adastra Corporation, CellOS Software Ltd, Infosys Limited and Mahindra Com Viva.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

 

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

Website- https://www.prophecymarketinsights.com

 

Comments

Post a Comment

Popular posts from this blog

Stock Music Market is estimated to be US$ 2.9 billion by 2032; Rise in Individual Content Creators to Fuel Market Growth

Image
  Music has become incredibly important as it elevates mood, helps in reducing stress, relieves symptoms of depression, and also helps in stimulating memories. Stock music is less expensive and has two types: royalty-free stock music, which is of lower costs and covers ongoing royalties and can be used on Facebook, YouTube videos, brand-sponsored content, and Instagram.  The growing adoption of digital technologies with newly launched music platforms has contributed to market growth. High demand for smartphones and the internet has enabled stock music to reach a global market or audience by making it easier to access music for content creators from different cultural backgrounds and regions, which is expected to fruitful the demand for  Stock Music Market  growth.  The report  “ Stock Music Market, By Type (Licensed Stock Music and Royalty-free Stock Music), By Application (Advertising, Gaming, Film Soundtracks, Television & Radio Broadcasts, and Others), By End-Users (Small &a
Read more

Human Machine Interface Market is estimated to be US$ 11.54 billion by 2030 and is anticipated to register a CAGR of 9.8%.

Image
  The report  " Human Machine Interface Market,   By Offering (Hardware (Basic HMI, Advanced PC-Based HMI, Advanced Panel-Based HMI) and Software (On-Premise HMI and Cloud-Based HMI), By Configuration Type (Stand-Alone HMI and Embedded HMI), By End User (Process Industries and Discrete Industries) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)  - Global Forecast to 2029" .  The Human Machine Interface Market size is projected to grow from US$ 3.85 billion in 2018 to US$ 9.48 billion by 2028. The global human machine interface market is expected to register lucrative growth over the forecast period. This is attributed growing need for monitoring of production and responding to the changing demands through enhanced diagnostics is expected to drive the human machine interface market. Furthermore, development in wireless technology have open-up a new avenues for the human machine interface market. Moreover, the technologies li
Read more

Data Analytics Outsourcing Market is estimated to be US$ 19.35 billion by 2030 with a CAGR of 22.1% during the forecast period

Image
  Data Analytics Outsourcing Market accounted for US$ 2.6 billion in 2020 and is estimated to be US$ 19.35 billion by 2030 and is anticipated to register a CAGR of 22.1%  Data analytics outsourcing is a partnership model in which a corporation entrusts its data to a service provider in exchange for intelligent reporting. At the same time, the supplier handles infrastructure setup and support, as well as data management and analysis .   To arrive at a final conclusion, data is extracted and categorised in order to recognise and evaluate data trends. Data analytics outsourcing refers to the acquisition of data analytics services such as data science, data visualisation, data management, and statistical research in order to improve operational efficiency and meet high revenue goals. The report   "  Global Data Analytics Outsourcing Market, By Type (Business Analytics Outsourcing, CRM Analytics Outsourcing, Supply Chain Analytics Outsourcing, Risk Analytics Outsourcing, and Others),
Read more