Data Monetization Market Size, Share & Trends Estimation Report By Component(Tools,Services,Consulting),By Data Type(Customer Data,Product Data,Financial Data),Business Function(Sales and Marketing,Operations,Finance)Deployment Type(On-premises,Cloud), By Region, And Segment Forecasts, 2023 - 2030
The global data monetization market size was $2,092.5 million in 2022 and is expected to reach $9,421.4 million by 2030, growing at a CAGR of 18.2% between 2023 and 2030.
Data Monetization Market Overview
Data monetization is the process of turning large amounts of unused or unstructured enterprise data into valuable insights and monetizing that data into currency or exchange of services. It helps businesses reduce business operating costs and increase revenue streams by investing in analytics platforms that turn unstructured data into valuable insights on demand. It is the process of unlocking the significant financial value held by data in an organization's enterprise systems. The adoption of these solutions has increased over the period due to increased awareness of the potential benefits of data monetization, increased focus by businesses on creating new growth and revenue opportunities, and other factors
The Data Monetization has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Data Monetization mark
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Accenture, Viavi Solutions, Infosys, SAP, Adastra, Mahindra Comviva, Alepo, EMC, ALC, Redknee, SAS, Monetize Solutions, Reltio, IBM, Teradata, CellOS Software, Altruist India/Connectiva, Samsung ARTIK, 1010DATA, Dawex Systems., and others.
- In March 2022, Domo entered into a new agreement with Moss Adams, one of the largest accounting, consulting and wealth management firms in the United States. The partnership will enable Moss Adams to assist its clients in implementing analytics utilizing Domo's modern BI platform, further enhancing its client-centric strategy.
- In April 2022, Eaxct Corporation announced an OEM partnership with Exact to deliver Qlik Sense enterprise-grade analytics capabilities to small and medium businesses around the world.
What are the major Applications, Types, and Regions for the Data Monetization Market?
Based on the Component:
- Support and Maintenance
- Implementation and Integration
Based on the Data Type:
- Customer Data
- Product Data
- Financial Data
- Supplier Data
Based on the Business Function:
- Sales and Marketing
- Others (Legal, R&D, and HR)
- Supply Chain Management
Based on the Deployment Type:
Based on the Organization Size:
- Small and Medium-Sized Enterprises(SMEs)
- Large Enterprises
Based on the Vertical:
- Consumer Goods and Retail
- Media and Entertainment
- Transportation and Logistics
- Energy and Utilities
Data Monetization Market Regional Insights:
North America accounted for 34% of the global market share and is expected to maintain its dominance during the forecast period. Rising oil production and shale gas activities are expected to drive the demand for indirect data monetization to achieve superior operational efficiency, thereby driving the growth of the oil and gas data monetization market in the region. Meanwhile, the Middle East and Africa region is expected to hold a 26% share of the global oil and gas data monetization market. Significant proven oil reserves in Saudi Arabia, Iran, Iraq, Kuwait, and the UAE present an opportunity to drive the growth of the oil and gas data monetization market in these regions. There are significant opportunities for growth in both indirect data monetization (e.g., software and services that provide insights for developing these repositories) and direct data monetization (mainly exploration data products). Seismic and geophysical surveys have been carried out in the region to identify new exploration sites and their potential, and the use of software solutions will continue to drive the market during the forecast period.
Geographically, the global Data Monetization market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.
Data Monetization Market report scope:
|Units||Value (USD Billion)
|Growth Rate||CAGR of 6.04% from 2023 to 2030|
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