DUBLIN--(BUSINESS WIRE)--The "Data Monetization Market By Component, By Deployment Type, By Enterprise Size, By Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
According to this report the data monetization market was valued at $2.1 billion in 2020, and is estimated to reach $15.4 billion by 2030, growing at a CAGR of 22.1% from 2021 to 2030.
Data monetization involves conversion of unstructured large volume of enterprise data into valuable insights and monetizing the data in to currency or exchange of service. The ability of data monetization to sort data in a raw format, store it in different structural formats, and subsequently release it for further analytics drive its demand among numerous industry verticals. It helps the organizations to increase revenue by investing in analytics platform, thus obtaining valuable insights from the unstructured data. An effectivity of its output is based on business factor, technology factor, and execution factor.
Continuous rise in the volume of enterprise data, technological advancements in big data &analytics solutions, and growth in importance to generate new revenue streams from the data volume of organizations drive the growth of the market. However, security and privacy concerns are expected to impede the market growth. Furthermore, increased adoption of data monetization among telecom service providers as well as rise in awareness about the potential benefits of data monetization offers a major opportunity for market expansion.
The data monetization market is segmented based on component, deployment type, enterprise size and industry verticals and region. Based on component, the market is burificated into software and service. By deployment type, it is divided into on-premises and cloud. On the basis of enterprise size, it is segmented into large enterprises and small and medium enterprises. By industry verticals, it is divided into BFSI, IT &telecommunication, retail & e-commerce, healthcare, manufacturing, media & entertainment, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the data monetization market analysis from 2021 to 2030 to identify the prevailing data monetization market share.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the data monetization market size assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global data monetization market size.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global data monetization market forecast, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Software
- Services
By Deployment Type
- On-Premises
- Cloud
By Enterprise Size
- Large Enterprises
- Small and Medium Sized Enterprises
By Industry Vertical
- BFSI
- IT Telecommunication
- Retail E-Commerce
- Healthcare
- Manufacturing
- Media Entertainment
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Accenture plc
- SAP SE
- Adastra Corporation
- Monetize Solutions, Inc.
- VIAVI Solutions Inc.
- ALC
- Reltio
- Optiva, Inc. (Redknee Solutions Inc.)
- Cisco Systems, Inc.
- Mahindra ComViva
For more information about this report visit https://www.researchandmarkets.com/r/7uuqj4
