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Data Monetization Market

Data Monetization Market

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Data Monetization Market

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  1. Data Monetization Market: Future of Healthcare in an Aging World

  2. The major drivers for the global data monetization market are the swift adoption of technologically advanced devices, reduced costs of data storage, and a large amount of data generation. In 2021, the market stood at $2,092.5 million, and it is predicted to reach $9,421.4 million by 2030, advancing at an 18.2% compound annual growth rate from 2021 to 2030. Furthermore, greater deployment of visualization solutions and data analytics will augment the growth of the market.Within the method segment, analytics-enabled platform-as-a-service dominates the data monetization market, accounting for approximately 40% share. Moreover, the demand for this service will continue to exhibit the same trend in the forecast period as well, attaining half the market share by 2030. This can be attributed to its ability to offer the assistance of an analytics platform and business intelligence in real-time data analytics, on account of its fewer operation restrictions. Request for sample pages of this report: https://www.psmarketresearch.com/market-analysis/data-monetization-market/report-sampleIn addition, embedded analytics will generate the second-highest revenue in the coming years, as it helps developers in improving customer satisfaction. Furthermore, the category in the data monetization market will advance at an over 17% CAGR in the coming years. This can be ascribed to its extensive utilization in developers' applications because it offers better visually appealing analytics functions and provides technologically advanced services. Data discovery, machine learning, predictive analytics, data analytics, and reporting are some of the most commonly used embedded analytics. Additionally, it is infused in CRM and ERP applications by corporations for utmost customer satisfaction and enhanced market position.

  3. In 2021, the BFSI sector generates about 23% revenue for companies offering data monetization services and software. This is credited to snowballing count of financial institutions and banks, leading to a voluminous data generation. Additionally, the ISO 20022 standardization, migration to real-time payment infrastructures, rise in the level of competition, and paradigm shifts in preferences of consumers will propel market growth in this category. Furthermore, the telecommunications & IT sector holds the second position in the market, as this sector generates huge amounts of data, due to the increasing number of mobile devices such as smartphones.Within the enterprise size segment, the data monetization market is bifurcated into SMEs and large enterprises. Between the two, the large enterprises hold the greater share, of 70%. This is because of the gradual attempts being made to improve efficiency, maximize production, and acquire a larger share by the swift deployment of technologically advanced devices by large organizations. In addition, big companies have several revenue streams and intricate corporate networks, as a result, there is voluminous data generation, which, in turn, drives the market in this category.Browse full report at: https://www.psmarketresearch.com/market-analysis/data-monetization-marketGeographically, North America leads the data monetization market with a 35% share. This is due to the existence of a huge number of data providers, coupled with a swift integration of data monetization platforms, software, and services. Being home to the highest count of data monetization vendors within the country, the U.S. generates a higher revenue in the regional market. Moreover, an approximately 14% CAGR will be witnessed by the Canadian market in the region, due to the skyrocketing infusion of digital innovations into organizational techniques within numerous sectors and industries.

  4. Hence, the lower costs of data storage and the high amount of data generation will provide lucrative opportunities to the market players.Contact:P&S IntelligencePhone: +1-347-960-6455Email: enquiry@psmarketresearch.comWeb: https://www.psmarketresearch.comFollow Us: https://www.linkedin.com/company/pnsintelligence/P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. • For queries related to sales, contact us at: • enquiry@psmarketresearch.com • US/Canada Toll-Free: 1-888-778-7886 • International: +1-347-960-6455 • India: +91 120 4541 337 To know more about us, visit our website psmarketresearch.com

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