Press release
Data Monetization Market to Experience 22.1% CAGR, Revenue to Boost Cross USD 15.4 Billion in 2030
Data monetization market trends in Asia-Pacific are expected to exhibit highest growth during the forecast period owing to strong economic growth along with the ongoing development in data monetization and inventory management, which drives organizations to invest heavily in data monetization market to sustain growth and improve productivity.In addition, factors such as major shift toward digital transformation, cloud deployment & technological advancement among small & medium businesses, and continuously ongoing modernization in workforce management strategy in emerging economies notably contribute toward market growth.
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According to the report published by Allied Market Research, the global data monetization market generated $2.1 billion in 2020, and is expected to reach $15.4 billion by 2030, witnessing a CAGR of 22.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Surge in volume of enterprise data, technological advancements in big data & analytics solutions, and rise in importance of generating new revenue streams from data volumes drive the growth of the global data monetization market. However, privacy and security concerns restrain the market growth. On the other hand, rise in deployment among telecom service providers and an increase in awareness regarding the potential benefits of data monetization create new opportunities in the coming years.
Covid-19 Scenario:
• Many government organizations and FinTech market players focused on generating revenue streams by monetizing the data as changes in work culture and adoption of cloud infrastructure led to the continuous rise in the volume of enterprise data. This factor positively impacted the data monetization market during the Covid-19 pandemic.
• Moreover, many buyers preferred e-commerce platforms for shopping. This led to the generation of a massive amount of data. So, market players tapped into monetization opportunities.
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Based on component, the software segment accounted for the highest share in 2020, contributing to more than two-thirds of the total share, and is projected to continue its lead position during the forecast period. However, the services segment is expected to witness the largest CAGR of 24.6% from 2021 to 2030.
Based on industry vertical, the IT & telecommunication segment contributed to the largest share of the global data monetization industry in 2020, and is expected to maintain its leadership status during the forecast period. However, the retail & e-commerce segment is estimated to manifest the fastest CAGR of 27.0% from 2021 to 2030.
Based on region, North America held the highest share in 2020, accounting for more than one-third of the total share, and is projected to continue its dominant share by 2030. However, Asia-Pacific is projected to portray the largest CAGR of 25.6% during the forecast period.
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Leading players of the global data monetization market analyzed in the research include Adastra Corporation, Cisco Systems, Inc., SAP SE, VIAVI Solutions Inc., Monetize Solutions, Inc., Reltio, ALC, Optiva, Inc. (Redknee Solutions Inc.), and Mahindra ComViva.
KEY BENEFITS FOR STAKEHOLDERS:
• This analysis provides a detailed overview of the appointment scheduling software industry, including current trends and future market projections for potential investment opportunities.
• The report offers insights into the primary factors driving, limiting, and creating opportunities in the appointment scheduling software market.
• Quantitative analysis of the market spanning from 2018 to 2026 showcases the financial strength and viability of the appointment scheduling software industry.
• Utilizing Porter's five forces analysis, the report demonstrates the influence of buyers and suppliers within the market.
• Thorough examination of the data monetization market size aids in identifying current market prospects.
• Revenue contributions of leading countries in each region are charted for a comprehensive view of their impact on the global data monetization market.
• Market player positioning aids in benchmarking and offers a clear insight into the current status of market participants.
• The report encompasses an assessment of both regional and global data monetization market forecasts, key players, market segments, application domains, and strategies for market growth.
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