Data Marketplace Platform Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Data Marketplace Platform Market size is expected to reach $3.5 billion by 2028, rising at a market growth of 24.3% CAGR during the forecast period.
The Services market has shown the growth rate of 25% during (2022 - 2028). Professional, advisory, strategic, and support services are included in this section. These services allow customers to connect to the help desk of data marketplace platforms to manage service requests, learn about data virtualization, and receive individualized guidance and strategic engagement to meet customer goals and solve organizational issues.
The B2B market has acquired the maximum revenue share in the Global Data Marketplace Platform Market by Type in 2021, thereby, achieving a market value of $2.2 billion by 2028. Big data usage, the rise of ML, AI, and business-to-business data marketplace platform solutions may all be credited with the segment's expansion. In order to satisfy the needs of end users, the major providers are developing improved data marketplace platform solutions, like Oracle, AWS, and Snowflake.
The SME’s market is generating the CAGR of 24.7% during (2022 - 2028). The expansion is linked to the rise in the demand for reliable data marketplace platforms that allow SMEs to monetize opportunities. Through information interchange, these solutions enable exponential values that leverage economies of scale.
The Subscription market has the highest market share in the Global Data Marketplace Platform Market by Revenue Model in 2021, thereby, achieving a market value of $1.7 billion by 2028. Platforms for data marketplaces charge a commission to purchasers for the products and services they receive in exchange for their data. Additional divisions of the subscription income model include one-time data purchases, continuous data subscriptions, as well as usage-based data licenses.
The Advertising, Media & Entertainment market is generating a CAGR of 25.6% during (2022 - 2028). One of the biggest applications of data is the advertising industry. Companies within the industry make use of a large amount of data generated by a customer in order to show them goods and services according to their preferences on their smart devices. This factor plays a major role in the growth of this segment of the market.
The North America market dominated the Global Data Marketplace Platform Market by Region in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.2 billion by 2028. The Europe market is estimated to grow at a CAGR of 23.5% during (2022 - 2028). Additionally, The Asia Pacific market would register a CAGR of 25.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/data-marketplace-platform-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Amazon Web Services, Inc. (Amazon.com, Inc.), Oracle Corporation, SAP SE, Microsoft Corporation, Adobe, Inc., Snowflake, Inc., Nasdaq, Inc. (Quandl, Inc.), BattleFin, Narrative I/O, Inc., and Datarade GmbH.
Global Data Marketplace Platform Market Segmentation
• Platform (without Services)
By Enterprise size
• Large Enterprises
By Revenue Model
• Paid features
• Financial Services
• Healthcare & Life Sciences
• Advertising, Media & Entertainment
• Retail & CPG
• Public Sector
• North America
• Rest of North America
• Rest of Europe
• South Korea
• Rest of Asia Pacific
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Oracle Corporation
• SAP SE
• Microsoft Corporation
• Adobe, Inc.
• Snowflake, Inc.
• Nasdaq, Inc. (Quandl, Inc.)
• Narrative I/O, Inc.
• Datarade GmbH