The market for data monetization is expected to expand to reach US$ 708.86 Bn by 2025 at a CAGR of 21.4% during the forecast period.
Data monetization is known as the process of changing the large unstructured volume of enterprise data to valuable insights in order to draw economic value. Presently, the data monetization market is expanding since the volume of data through numerous industries is rising.
In order to study this sector quite precisely, a new research study titled “Data Monetization Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”, has been included to the broad database of Market Research Hub (MRH). This research report offers a clear view about the current & future scenarios expected to occur in the global data monetization market.
As per research findings, the market is likely to expand at 21.4% CAGR, acquiring US$ 708.86 Bn during the forecast period.
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It has been noted that, data monetization is serving organizations in reducing costs by planning investment in an analytics platform. This tends to transform unstructured data to valuable perceptions from the real-time data streams.
The research report targets such market drivers and opportunities which are expected to enhance the growth of the data monetization market in the near future. The market overview section talks about key indicators, integration challenges, end-user adoption analysis and trends.
Furthermore, market attractiveness analysis is also provided keeping in mind each segment to offer a thorough understanding about the overall scenario prevailing in the concerned market.
As the report proceeds, readers can access a quick review about the market segmentation initiated on the basis of component, method and industry vertical. Based on component, the data monetization market is divided into platform, software and services.
Further, focusing on the bifurcation in terms of industry vertical, the target market is segmented into telecom, e-commerce & retail, travel & logistics, BFSI (business banking, consumer finance/banking, insurance and capital markets) healthcare, and others. The report delivers in-depth segment analysis by offering valuable insights both at the macro and micro levels.
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With the conclusion of the research study, readers can analyze companies’ strategies, financial information, SWOT analysis and developments presented under the company profile portion. Furthermore, the report provides perceptions associated to trends as well as their impact on the overall market.
In addition, Porter’s Five Forces analysis discourses the five forces, which are bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition. Some of the key players mentioned in the report are Adastra Group, Connectiva Analytics and Insights Ltd., CellOS Software Ltd, Dawex Systems, Mahindra ComViva, Infosys Limited, Netscout Systems, Inc., Mnubo, Optiva Inc., SAP SE, SQLstream, Inc.
Paxata, Inc., and Virtusa Corporation.
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