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Data Monetization in Telecom Market Size, Share, Trends, Growth, Analysis, Report And Forecast 2024-2033
Data Monetization in Telecom Market
The Business Research Company presents an extensive market research report on the Data Monetization in Telecom Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The data monetization in telecom market size has grown exponentially in recent years. It will grow from $4.47 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to rise in data generation, smartphone proliferation, competitive landscape, personalized services, regulatory changes.
The data monetization in telecom market size is expected to see exponential growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to 5G implementation, edge computing integration, data monetization platforms. Major trends in the forecast period include AI and machine learning enhancements, partnerships and ecosystem collaboration, monetizing subscriber data.
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Key Market Players:
Major companies operating in the data monetization in telecom market report are Intel Corporation, International Business Machines Corporation, Telefónica S.A., Oracle Corporation, Verizon Communications Inc, Google LLC, Microsoft Corporation, Accentur*e plc, Cisco Systems Inc, SAP SE, Salesforce.com Inc., Capgemini SE, Infosys Limited, Atos SE, SAS Institute Inc., TIBCO Software Inc., Virtusa Corporation, NetScout Systems Inc, Domo Inc, ThoughtSpot Inc, Mahindra Comviva, Sisense Inc, Redknee Inc., 1010data Inc., Lynx Software Technologies Inc, Paxata Inc., SQLstream Inc, Adastra Corporation, Dawex Systems SAS, iConnectiva Communications Inc.
Market Drivers:
The rise in the volume of enterprise data is expected to propel the growth of data monetization in the telecom market going forward. Enterprise data refers to information that users within a company typically exchange across departments and/or geographical areas. Most telecommunications companies currently have raw enterprise data, which is used to determine how to change their business model to include new channels for data monetization. For instance, in January 2022, according to Matillion, a UK-based software company that provides cloud-native data integration tools, data experts who participated in this poll informed us that data volumes in their firms are expanding, on average, by 63 percent every month. Therefore, the rise in the volume of enterprise data is driving data monetization in the telecom market growth.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/data-monetization-in-telecom-global-market-report
The data monetization in telecom market covered in this report is segmented -
1) By Component: Tools, Services
2) By Data Type: Customer Data, Product Data, Financial Data, Supplier Data
3) By Organization Type: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Deployment Type: On-Premises, Cloud
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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