The 2023 report on the “Data Marketplace Platform Market” presents a thorough and accurate examination of different factors pertaining to business expansion prospects, challenges, risk elements, and trends in all geographical regions. This report delivers current information on the most recent technological developments, along with SWOT and PESTLE analysis, and valuable insights on market size.
Global Data Marketplace Platform Market is valued at approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. A data marketplace platform is a transactional platform that allows users to buy and sell data, which offers a unique user experience. This platform is a cloud-based service where individuals or businesses can upload data to the cloud. This platform includes the exchange of different types of data, such as demographic, firmographics, business intelligence, and personal data. The Data Marketplace Platform Market is expanding because of factors such as surging demand for the Internet of Things (IoT) connected devices, rising developments in machine-to-machine (M2M) in communications networks, and growing adoption of data marketplace platform across various end-use verticals including retail & consumer goods, and media & entertainment, BFSI, etc.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
According to Statista, the number of Internet of Things (IoT) connected devices is expected to reach 29.4 billion devices in 2030 from 8.6 billion devices in the year 2019.
Thereby, the rising proliferation of the Internet of Things (IoT) connected devices is exhibiting a positive influence on the market growth worldwide. The rising emphasis on the usage of cloud services, as well as an increasing number of strategic initiatives by the key market players, is creating productive opportunities for market growth in the forthcoming years. However, high initial capital is required and a dearth of skilled professionals stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Data Marketplace Platform Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue, owing to the increasing deployment of cutting-edge technologies like artificial intelligence (AI), augmented reality (AR)/ virtual reality (VR) orchestration capabilities, along with the presence of advanced data infrastructure. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as growing development of IoT technologies, coupled with the increasing penetration of data marketplace platform services in several applications.
Major market players included in this report are:
Acxiom LLC
AWS
Dawex
Quandl
BattleFin
Datatrade
Oracle
Microsoft
Adobe
SAP SE
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Recent Developments in the Market:
In 2020, Aiisma- a data marketplace announced the launch of Aiisma App with Aiihealth feature, which includes health mapping and marketplaces’ location sharing features.
This allows users to consensually and anonymously share their behavioral data in exchange for rewards, which is helpful in creating a digital fence against the pandemic. in March 2022, Nokia unveils the company’s collaboration with Equideum Health to use Nokia Data Marketplace (NDM) blockchain solutions to facilitate a multi-party ecosystem. This solution enables varied person-centric use cases by connecting innovative technologies in data management, data exchange, and data marketplace.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Platform
Services
By Enterprise Size:
Large Enterprises
SMEs
By Type:
Personal Data Marketplace Platforms
B2B Data Marketplace Platforms
IoT Data Marketplace Platforms
By End-user:
Financial Services
Advertising, Media & Entertainment
Retail & CPG
Healthcare & Life Sciences
Other
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
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