Data Monetization Market by End User (BFSI, E-commerce & Retail, Telecommunication & IT, Manufacturing, Healthcare, Energy & Utilities, and Others) – Global Opportunity Analysis and Industry Forecast, 2017-2023
According to a recent report published by Allied Market Research, titled, Data Monetization Market by End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global data monetization market was valued at $44,869 million in 2016, and is projected to reach at $370,969 million by 2023, growing at a CAGR of 35.4% from 2017 to 2023.
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Continuous rise in the volume of enterprise data, technological advancements in big data & analytics solutions, and increase in importance to generate new revenue streams drive the growth of the global data monetization market growth. However, security and privacy concerns hamper the market growth.
Based on end user, the BFSI segment led the market in 2016, and is projected to maintain its dominance in the future. However, the others segment is expected to witness the highest growth, owing to increased adoption of data monetization solutions in numerous industry verticals due to its potential benefits.
Key Findings of the Data Monetization Market :
- The other segment is expected to exhibit significant growth in the global data monetization market during the forecast period.
- In 2016, the BFSI segment accounted for the highest revenue among the other end users.
- North America generated the highest revenue in 2016.
- Asia-Pacific is projected to exhibit substantial growth during the forecast period.
Top Impacting Factors
Continuous rise in the volume of enterprise data, technological advancements in big data & analytics solutions, increase in importance to generate new revenue streams, and surge in awareness towards the potential benefits of data monetization drive the growth of the market. However, security and privacy concerns are expected to negatively impact the data monetization market growth during the forecast period.
Key Market Players
- Accenture
- SAP SE
- Adastra Corporation
- Monetize Solutions, Inc.
- VIAVI Solutions Inc.
- ALC
- Reltio
- Optiva, Inc. (Redknee)
- Cisco Systems, Inc.
- Mahindra ComViva
Asia-Pacific is expected to grow at a highest rate, due to the development of the telecommunication sector and increase in preference towards IoT solutions across various industries, which will generate massive volume of data.
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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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on Friday September 28 2018, 4:31 PM EST.
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