Global Data Broker market is expected to wintess a CAGR of 16.01% over the period 2018-2024

Knowledge Sourcing Intelligence announces the publication of a new report on “Global Data Broker Market - Forecasts from 2019 to 2024" to their offering.

SUMMARY:
The data broker industry is one of the most lucrative businesses of this era and is currently a billion-dollar industry. Data brokers work by collecting information from varied sources online or offline and use this information for deriving detailed information as per the requirement.

This report provides forecast and analysis of the global data broker market which is estimated to surge at a CAGR of 16.01% over the period of 2018-2024. Data broker companies generate revenues by selling compiled information to other companies for several purposes which include verification regarding an individual identity, product marketing, and fraud detection. The market for global data broker is expected to propel during the forecast period with double-digit growth during the forecast period. This is due to the fact that there is an increase in demand for various data-based information regarding consumers, organizations and other relevant data regarding weather, natural events and many more. Hence, many companies approach data brokerage firms for acquiring necessary information which is quite helpful in formulating the company strategies in a much efficient manner, calling a need for the data broker market to thrive in the forecast period and in the coming years. Additionally, the increasing growth of business intelligence and analytics, and the internet of things (IoT) serve as major drivers in fueling the market growth in the forecast period. However, strict regulations in some regions around the globe regarding the security and privacy of customers’ data may pose a threat in restraining the market growth in these regions. Geographically, North America is expected to hold a major share owing to the early adoption of innovations followed by the Asia Pacific region, which is expected to be the fastest-growing market.

Some of the major players covered as part of the report are Acxiom LLC, ID Analytics, LLC, PeopleConnect, Inc., and Intelius.

This report segmented the global data broker market on the basis following terms:

• By Data Type
o Consumer Data
o Business Data

• By End-User Industry
o BFSI
o Retail
o Automotive
o Construction
o Others

• By Geography
o North America
 United States
 Canada
 Mexico

o South America
 Brazil
 Argentina

o Europe
 UK
 Germany
 France
 Italy
 Others

o Middle East and Africa
 Saudi Arabia
 UAE
 Israel

o Asia Pacific
 Japan
 China
 India
 Australia
 Others

Purchase complete report or request sample: www.knowledge-sourcing.com/report/global-data-broker-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.