The Data Exchange platform services market is projected to reach a value of US$ 1.6 Bn by 2030, expanding at a CAGR of 33.2% during the forecast period
The data exchange platform is the most advanced environment for businesses to share, source, exchange, allocate and capitalize data and form a data ecosystem that builds strong data partnerships. The data exchange platform enshrines legal, technical, security, and connivance requirements to support current and future data policies and frameworks. As organizations in the public and private sectors recognize the importance of data as a key strategic asset to achieve market goals such as generating new revenue streams or developing productivity, investment in services is increasing, which is expected to bolster the global market data exchange platform services market during the forecast period.
Market Dynamics:
Drivers:
A data exchange platform allows data to be broadcast and consumed with all essential features such as protection, compliance, and transaction-mandatory tracking. Both data receivers and data providers need a protected and benign setup to leverage the data prospects and engage players who will adequately meet their data needs. Data marketplaces can optimize data sourcing and align data flows as data volumes grow. Rapid advances in the Internet of Things (IoT) and other innovative technologies are enabling data markets to value data through insightful data partnerships with an extended ecosystem. All these factors are contributing to the growth opportunities in the data exchange platform services market over the forecast period.
Restraints:
However, the benefits of data exchange platform services go beyond the retail sector. Appropriate evaluation of data, data quality management, and value-oriented and quality-oriented data integration are major challenges in the data exchange platform services market.
Key players:
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Acxiom LLC
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AWS
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Dawex
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Snowflake
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Quandl
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BattleFin
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Narrative
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Datarade
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Oracle
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Microsoft
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Adobe
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SAP SE
Market Segmentation:
Data Exchange Platform Services, By Market Component
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Platform
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Services
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Data Exchange Platform Services Market, By Type
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Personal Data Marketplace Platforms
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B2B Data Marketplace Platforms
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IoT Data Marketplace Platforms
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Data Exchange Platform Services Market, By Revenue Model
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Subscription
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Commission
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Paid features
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Others
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Data Exchange Platform Services Market, Enterprise size
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Large Enterprises
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SME's
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Data Exchange Platform Services Market, End-user
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Financial Services
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Advertising, Media & Entertainment
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Retail & CPG
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Healthcare & Life Sciences
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Technology
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Public Sector
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Manufacturing
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Others
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Regional Outlook
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North America
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U.S.
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Canada
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Europe
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U.K.
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Germany
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France
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Italy
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Asia Pacific
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China
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Japan
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India
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South Korea
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South America
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Brazil
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Middle East & Africa
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Regional Analysis:
North America leads with nearly 37% revenue share. This growth is driven by the increased adoption of IoT solutions and deployment of advanced technologies such as AI, AR/VR orchestration capabilities, and machine-to-machine (M2M) advancements in the region's communications networks. Key growth drivers include significant players driving industry growth, such as Acxiom LLC, AWS, Snowflake, Quandl, and more.
Several companies operating in the region is developing innovative data marketplace platform services and solutions that contribute to growth by providing end-to-end efficient use and management of network services. In addition, cloud platforms such as data exchange platforms and data sharing are driving the adoption of data marketplace platforms as several companies are investing heavily, and early adoption of advanced technologies due to high digital end-user engagement is contributing to the growth. Additionally, the significant adoption of IoT is expected to provide numerous growth opportunities.
Scope of the Report:
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Report Metric |
Details |
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Market Size Available for Years |
2020–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2021–2030 |
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Forecast Unit |
Value (USD) |
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Segments Covered |
Offering, Technology, Application, End-User, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, and LAMEA |
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Companies Covered |
Acxiom LLC; AWS; Dawex; Snowflake; Quandl; BattleFin; Narrative; Datarade; Oracle; Microsoft; Adobe; SAP SE |
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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