World Data Monetization Market Outlook 2020-2025 - Increasing Need to Create Insights from a Pool of Data, Rising Adoption of AI for Data Processing
DUBLIN, Sept. 2, 2020 /PRNewswire/ -- The "Data Monetization Market by Component (Tools and Services), Data Type (Customer Data, Financial Data), Business Function, Deployment Type (On-Premises and Cloud), Organization Size, Industry Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The market is expected to grow from USD 2,297 million in 2020 to USD 6,134 million by 2025, at a CAGR of 21.7% during the forecast period. The increase in the volume of data generation and lower cost of data storage is expected to be one of the strongest factors for data monetization tools and services adoption across regions.
Cloud deployment model is expected to grow at a higher CAGR during the forecast period
The global data monetization market by region covers 5 major geographic regions, namely, North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. North America is expected to account for the largest market size during the forecast period due to the presence of a large number of data monetization vendors and the increasing adoption of cloud-native technologies.
The data monetization market revenue is primarily classified into revenues from tools and services. Tools revenue is associated with data monetization software and solutions. Further, services revenue is associated with integration and implementation, consulting and support and maintenance. The market is also segmented on the basis of data type, business function, deployment type, organization size, industry vertical, and region.
The data monetization market comprises major solution providers. The study includes an in-depth competitive analysis of key players in the data monetization market with their company profiles, recent developments, COVID-19 developments, and key market strategies.
Key Topics Covered
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