Press release
Information Broker Service Market 2022 key developmental strategies implemented by the key players:Acxiom, Experian, Equifax, CoreLogic, TransUnion, Oracle, Lifelock, H.I.G. Capital, PeekYou, TowerData, Alibaba, Bloomberg, Datasift, FICO, RELX, Moody's, T
Data Brokers Market Outlook 2032The global data brokers market was valued at US $ 230.3 Bn in 2021
It is estimated to grow at a CAGR of 7.8% from 2022 to 2032
The global data brokers market is expected to reach US$ 482.4 Bn by the end of 2032
Analysts' Viewpoint on Data Brokers Market Scenario
Data brokers are individuals or businesses that collect information or data from online activity and public records, and buy web history and license or sell it to other companies for marketing and advertising, fraud detection, and risk-mitigation purposes. Data brokers analyze personal information of individuals from government records, credit card information, and social media. Industries such as healthcare, IT, and finance are increasingly implementing business intelligence (BI) solutions to analyze a large number of data sets in order to generate actionable insights that offer companies a competitive advantage. Data broker services provide large and more structured data sets to BI providers in order to analyze customer behavior, trends, and growth avenues more precisely. Private equity and investment institutions are increasingly employing data broker services for the extraction of hidden insights in order to boost revenues.
In addition, the Global Information Broker Service market study also covers several factors such as market status, key market trends, growth forecast, and growth opportunities. Furthermore, we analyze the challenges faced by the Global Information Broker Service market in terms of global and regional basis.
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Key Players Mentioned in the Global Information Broker Service Market Research Report: Acxiom, Experian, Equifax, CoreLogic, TransUnion, Oracle, Lifelock, H.I.G. Capital, PeekYou, TowerData, Alibaba, Bloomberg, Datasift, FICO, RELX, Moody's, Thomson Reuters, Wolters Kluver, Ignite Technologies, HG Data, IBM, Morningstar, Qlik, IHS Markit
Global Information Broker Service Market Segmentation:
Information Broker Service Market Types:
Subscription, Pay per Use Paid, Hybrid Paid.
Information Broker Service Market Applications:
BFSI, Retail and FMCG, Manufacturing, Media, Government Sector, Others
RExpansion of Business Intelligence and Generation of Larger Data Sets Augment Data Brokers Market
The modern business intelligence (BI) industry is analyzing an expandable volume of data to increase the value of each existing software and tool a business uses. BI combines the data from one or more resources, and analyzes & processes it to convert it into actionable insights, thereby reducing the operational cost while enhancing efficiency. BI underpins the digital transformation of most organizations, where structured data is central to delivering the right information to the right user at the right time. BI continues to grow as the digital economy is proliferating along with consistent rise in use of mobile devices. This results in the generation of larger data sets that act as a beneficial tool to cater to the needs of business intelligence across the globe. Interest from enterprises across the globe to use the data intelligently has been increasing consistently in order to design effective business strategies. This, in turn, drives the demand for vendors in the data brokers market. Additionally, BI offers a real-time view of relevant business data that benefits the end-user with data clarity, better customer experience, and increased efficiency, thereby providing a better analysis of competitive advantage.
Rise in Adoption of Alternative Data in Investment Industry to Create Opportunities for Data Brokers Market
Data has a significant impact on the financial and investment industry. Private Equity (PE) firms and investment institutions are likely to gain a competitive advantage. These institutions are likely to capitalize on the massive volume of data coupled with the integration of advanced technologies and the availability of large data sets to extract hidden insights and consequently, improve their investment decision-making. Execution of critical fund management functions along with monitoring financial and operational performance needs a constant normalization and aggregation of information. Any delay in the timeline or inaccuracy of data is likely to impact risk management, investor relationship and transparency, reporting, modeling, benchmarking, and forecasting. Thus, the industry is witnessing a rise in the rate of adoption of alternative data.
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Impact of COVID-19
The effect of the COVID-19 outbreak at the Information Broker Service market is investigated on this exam. Furthermore, there is a wealth of information available approximately the COVID-19 pandemic market's capacity and present-day effect. The studies consist of a radical examination of the previous market in addition to an assessment of potential opportunities over the forecast period 2022-2029.
Table of Contents:
1 Study Coverage
2 Market by Type
3 Market by Application
4 Global Information Broker Service Competitor Landscape by Company
5 Global Information Broker Service Market Size by Region
6 Segment in Region Level & Country Level
7 Company Profiles
8 Industry Chain and Sales Channels Analysis
9 Research Findings and Conclusion
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Regional Outlook of Global Data Brokers Market
North America is anticipated to hold a dominant share of the global data brokers market in 2022. The presence of major data broker companies and unregulated data broker services in the U.S. is attributed to the growth of the market in the region. Currently, top data broker companies are selling a huge volume of data about citizens in the U.S. to different businesses, ranging from insurance companies to U.S. law enforcement agencies and foreign organizations.
The data brokers market in Asia Pacific is expected to expand at a notable pace during the forecast period due to expanding volumes of data in the region. Increasing penetration of the internet and smartphones provides a large amount of data to consumer data brokers in emerging economies, such as India, and in the region. Additionally, increasing demand for consumer data in the growing e-commerce industry is driving the market in Asia Pacific.
Analysis of Key Players in Global Data Brokers Market
Detailed profiles of providers of data brokers have been provided in the market report to evaluate their financials, key product offerings, recent developments, and strategies. Key players operating in the global data brokers market are Acxiom Corporation, Experian Plc, Equifax, Inc., CoreLogic, Oracle Corporation (DataLogix), Moody's Corporation, Epsilon, FICO, eBureau, Intellius, and LexisNexis.
Key Developments in Global Data Brokers Market
In June 2022, CoreLogic, a property information analytics and data-enabled solutions provider, launched cloud-based property analytics and data exchange platform, called Discovery Platform.
In February 2022, Acxiom entered into a partnership with Treasure Data, an enterprise customer data platform (CDP), to integrate Acxiom's Real Identity with Treasure Data CDP. The integration improves Acxiom's data collection identification ability and helps brands identify and retain their customers.
In February 2021, Equifax, Inc. completed the acquisition of AccountScore Holdings Limited, a transaction data analytics company. The acquisition helps Equifax to expand its product offerings by integrating bank transaction data of AccountScore into its credit bureau information.
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