Data Monetization Market Growth or Demand Increase for what contain:
The Data Monetization Market size is estimated at USD 4.17 billion in 2024, and is expected to reach USD 10.35 billion by 2029, growing at a CAGR of 19.94% during the forecast period (2024-2029). The increasing importance of data in business decisions and strategy development in the B2B environment is driving the demand for the market. This is also supported by the integration of digital devices and systems in the business environment to generate data, the growth of internet usage to increase consumer data volume, and the emergence of data analytics tools in the market, creating an opportunity for the market’s growth and to monetize the generated data worldwide.
Data monetization strategies relied on more traditional analytical techniques and struggled to deal effectively with unstructured data. However, easier access to significant computing resources via cloud platforms and the commoditization of some AI/machine learning-powered analysis engines are creating more affordable opportunities to extract both values and return on investment, which would drive the market's future growth. Independent software vendors have turned to self-service business intelligence to increase application revenue and differentiate their offerings in line with technological advancement. Source: https://www.mordorintelligence.com/industry-reports/data-monetization-market
Data Monetization Market CAGR Estimation:
Data Monetization Market size was valued at US$ 14.41 Bn. in 2022 and the total revenue is expected to grow at 13.22 % through 2023 to 2029, reaching nearly US$ 48.42 Bn.
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Data Monetization Market Segmentation:
by Component
Tools
Services
Tools and Services make up the two market segments. By 2029, the tools section is anticipated to command the biggest market shares, or 21%. Data monetization technologies are included into business applications throughout the analytics phase to enhance their functionality and extract business data insights that help businesses make decisions. IT developers may create, construct, deploy, and run business-critical apps using the full application development environment that the data monetization platform offers.
by Data Type
Quantitative
Qualitative
by Business Function
Finance
Marketing
Operations
Logistics
Others
by Deployment Type
Cloud
On-premises
The market is divided into two segments based on the type of deployment: cloud and on-premises. The on-premises market is anticipated to expand quickly between 2023 and 2029, with a compound annual growth rate of 21%. In an on-premises delivery strategy, software or solutions are installed and run on the customers' internal servers and computer equipment. Costs associated with adopting on-premises solutions are included in a company's capital expenditure, or CAPEX. Applications that handle private or sensitive data are the ones that employ this tactic the most frequently. Throughout the forecast period of 2023–2029, these are the main factors propelling the growth of this category in the global market.
by Selling Type
Direct
Indirect
by Organization Size
Large Enterprise
SMEs
by Industry
BFSI
Telecom
Retail
Defense
Transportation
Healthcare
Energy
Manufacturing
Others
Data Monetization Market Overview:
The process of leveraging data to gain quantifiable economic value is known as data monetization. Using data to make demonstrable business performance improvements and guide choices are examples of internal or indirect strategies. One of the most important factors driving the adoption of data monetization tools and services across regions is the increase in the volume of data generated and the decreased cost of data storage. Data monetization suppliers are projected to benefit from factors such as the growing need to extract insights from large amounts of data and the growing adoption of AI for data processing.
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Data Monetization Market Growth or Demand in which regions:
Asia Pacific dominates the Global Data Monetization market during the forecast period 2023-2029. Asia Pacific is expected to hold the largest market shares of 21% by 2029. The advanced and dynamic adoption of new technologies has occurred in Asia Pacific, which is expected to have the largest CAGR during the forecast period. The region's adoption of data monetization tools and services is expected to be driven by the commercialization of big data, AI, and IoT technologies, as well as the need for additional developments to effectively exploit these technologies. Asia Pacific is made up of key markets including Australia, China, Japan, Singapore, and India, all of which are expected to grow rapidly in the data monetization market.
Data Monetization Market Scope and Methodology:
Define the Data Monetization market, emphasizing its role in leveraging data assets to generate revenue or business value through various strategies and technologies.Cover key components such as data analytics, data integration, data governance, and monetization models.
Drivers: Identify factors driving market growth, such as increasing data generation, adoption of big data analytics, and regulatory compliance requirements.
Restraints: Discuss challenges like data privacy concerns, data silos, and integration complexities hindering effective data monetization.
Opportunities: Highlight growth opportunities such as advancements in data analytics tools, AI and machine learning integration, and the rise of IoT data monetization.
Trends: Analyze emerging trends including personalized data products, subscription-based data services, and the use of blockchain for data monetization.
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Data Monetization Market Key Players:
1. Dawex
2. Reltio
3. Cisco
4. SAP
5. Accenture
6. Gemalto
7. Monetize Solutions
8. Narrative
9. IBM
10. Adastra
11. Infosys
12. NETSCOUT
13. Paxata
14. NESS
15. Google
16. SAS
17. Elevondata
18. Openwave Mobility
19. Optiva
20. Mahindra Comviva
21. Virtusa
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Key questions answered in the Data Monetization Market are:
• What is Data Monetization Market ?
• What is the growth rate of the Data Monetization Market?
• Which are the factors expected to drive the Data Monetization market growth?
• What are the different segments of the Data Monetization Market?
• What growth strategies are the players considering to increase their presence in Data Monetization?
• What are the upcoming industry applications and trends for the Data Monetization Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Data Monetization Market?
• What major challenges could the Data Monetization Market face in the future?
• What segments are covered in the Data Monetization Market?
• Who are the leading companies and what are their portfolios in Data Monetization Market?
• What segments are covered in the Data Monetization Market?
• Who are the key players in the Data Monetization market?
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