Press release
Global Data Monetization Market Set to Reach Nearly US$ 13.46 Billion by 2029, Propelled by a CAGR of 21.7%
Data Monetization Market
The Global Data Monetization Market has witnessed substantial growth, reaching a valuation of US$ 3.404 billion in 2022. With a projected CAGR of 21.7% from 2023 to 2029, the market is poised to surge to nearly US$ 13.46 billion. This surge is attributed to the escalating volume of data generated and the decreasing cost of data storage, driving the adoption of data monetization tools and services across various industries.
The comprehensive analysis presented in this report is based on a rigorous research methodology, encompassing an assessment of market dynamics, trends, and the impact of the COVID-19 pandemic. Both primary and secondary research methodologies were employed to ensure the accuracy and reliability of the findings.
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What are Data Monetization Market Dynamics?
The process of data monetization involves leveraging data for quantifiable economic value. This is achieved through strategies like making demonstrable business performance improvements and guiding decision-making. One of the key drivers behind the adoption of data monetization tools and services is the surge in data volume and the decreased cost of data storage. Additionally, the adoption of AI for data processing is contributing to the growth of data monetization.
COVID-19 Influence on Global Market:
The recent COVID-19 pandemic is anticipated to have limited the use of data monetization tools and services in 2022, especially in the wake of challenges faced by data streaming companies due to network slowdowns. Nevertheless, the surge in global demand for media and entertainment services via streaming platforms has positively impacted the market.
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What is Data Monetization Market Segmentation?
Based on Component, the Tools segment is expected to hold the largest market share by 2029. Data monetization tools are integrated into business applications to enhance capabilities and derive insights, aiding in business decision-making.
In terms of Deployment Type, the On-premises segment is projected to grow rapidly during the forecast period. This model is preferred for applications processing sensitive or confidential data.
The Large Enterprise segment is expected to exhibit significant growth, with organizations implementing tools and services on their own servers to ensure data security.
by Component
Tools
Services
by Data Type
Quantitative
Qualitative
by Business Function
Finance
Marketing
Operations
Logistics
Others
by Deployment Type
Cloud
On-premises
by Selling Type
Direct
Indirect
by Organization Size
Large Enterprise
SMEs
by Industry
BFSI
Telecom
Retail
Defense
Transportation
Healthcare
Energy
Manufacturing
Others
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Who are Data Monetization Market Key Players?
1. Dawex
2. Reltio
3. Cisco
4. SAP
5 .Virtusa
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
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Table of content for the Data Monetization Market includes:
Part 01: Executive Summary
Part 02: Scope of the Data Monetization Market Report
Part 03: Global Data Monetization Market Landscape
Part 04: Global Data Monetization Market Sizing
Part 05: Global Data Monetization Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Insights:
Asia Pacific leads the Global Data Monetization market, with a projected CAGR of 21.7% during the forecast period. The region's dynamic adoption of new technologies, coupled with commercialization of big data, AI, and IoT technologies, is driving market growth.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic
perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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