Data monetization is the monetization of the data asset to produce revenue from real-time streamed data or available data sources by introducing the capture, discovery, analysis, storage, dissemination, and data use. The process leverages data spawned through business operations along with data generated with individual factors. This data is further processed to generate valuable insights to instil an informative strategy and take comprehensive decisions across the organization to expand revenue streams.
The value of the Data Monetization market is projected to grow to $9,421.4 million with an estimated CAGR of 18.2 % by 2030
The aim of the report is to estimate the size of the market for Data Monetization and the future growth potential of the market for Data Monetization across various segments, such as Component, Organization Size, and Vertical.
The base year considered for the analysis is 2019 and from 2020 to 2025 the market size is estimated. Increasing business's focus toward enhancing value chain management, reducing production costs, gaining competitive skills, and delivering higher customer satisfaction, and improving internal functioning, has substantially escalated the industry growth.
In the industry vertical, the BFSI industry is anticipated to hold a substantial share. This is attributed to the rising presence of data-rich businesses in the financial sector. As per the industry experts operating in the sector, BFSI organizations operates and manage more than 3.8 petabytes of data, which has created an enormous demand for data monetization across the sector. Moreover, data monetization in the sector accelerates customer interactions along with operating income by more than 50%, which in turn is expected to stimulate industry growth in the coming years.
In addition, North America is expected to hold a significant share, on account of the presence of leading players in the region. The region’s growth is mainly contributed by the different organization located in Canada and the U.S., rapidly adopting and investing in advanced technologies such as big data, cloud computing, and analytics, positioning them ahead of the curve across the global market. Furthermore, rising demand from enterprises to automate and streamline decision-making processes, and optimize infrastructure costs, along with technology enhancements is further positively influencing the regional growth.
Key Segments of the Global Data Monetization Market
Component Overview, 2018-2028 (USD Million)
Business Function, 2018-2028 (USD Million)
- Sales & Marketing
- Supply Chain Management
Organization Size Overview, 2018-2028 (USD Million)
- Large Enterprises
Vertical Overview 2018-2028 (USD Million)
- Media & Entertainment
- Telecom & IT
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Important Companies in Global Data Monetization market
- Accenture Plc.
- Cisco Systems, Inc.
- Gemalto NV
- IBM Corporation
- Infosys Limited
- SAP SE
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of Data Monetization Market Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Data Monetization Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the field service management industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on solution, service, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Data Monetization Market. The report will benefit: Every stakeholder involved in the Data Monetization Market.
- Managers within the field service management industry looking to publish recent and forecasted statistics about Data Monetization Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Data Monetization Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.