Global Data Monetization Market
The Data Monetization market was valued at USD 2.3 Billion in 2020, and it is expected to reach a value of USD 6.10 Billion by 2027, at a CAGR of 21.70% over the forecast period (2020 - 2027).
The sharing of data between companies is known as data monetization. It is the process of earning revenue or creating new revenue streams by utilizing data. Customer loyalty, decreased operating expenses, higher compliance, increased profitability, reinforced alliances, and improved customer experience & understanding are all benefits of data monetization. As a result of these benefits, organizations are more likely to implement data monetization, resulting in a larger data monetization industry.
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Several reasons, such as increasing enterprise data volume, data monetization awareness, and external data sources, are expected to propel the market forward. Furthermore, the expanding use of data processing and artificial intelligence, as well as the adoption of data-driven decision-making methodologies and improvements in big analytics, are likely to propel the market forward throughout the forecast period.
Key players in Data Monetization market are:
• Accenture Plc
• Cisco Systems, Inc.
• Gemalto NV
• IBM Corporation
• Infosys Limited
• SAP SE
Scope of the Report
The study provides an analysis of the Global Data Monetization Market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa. For each segment, the market sizing and forecasts have been done on the basis of value.
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