GITNUX MARKETDATA REPORT 2024
Data Marketplace Industry Statistics
The data marketplace industry is experiencing rapid growth, with a projected market size of $42.5 billion by 2027, driven by the increasing demand for data-driven insights and the expanding use of artificial intelligence and machine learning technologies.
In this post, we will explore key statistics and trends shaping the data marketplace industry. From the substantial growth projections in data monetization to the expanding market for data brokers and Data as a Service, we will delve into the latest figures driving this dynamic sector. Follow along as we uncover the significant market movements and predictions influencing the global landscape of data commerce.
Statistic 1
"The global data monetization market size was valued at $1.32 billion in 2019."
Statistic 2
"The global data monetization market is estimated to reach $4.44 billion by 2027."
Statistic 3
"The data monetization market is expected to grow at a compound annual growth rate (CAGR) of 24.1% from 2020 to 2027."
Statistic 4
"North America dominated the global data monetization market in 2019, with a share of 40.6%."
Statistic 5
"As of 2019, BFSI was the largest end-use segment and accounted for more than 25% of global revenue."
Statistic 6
"Telecommunications is projected to expand at the fastest CAGR of 26.5% from 2020 to 2027 in the data monetization market."
Statistic 7
"The global data broker market was valued at over $200 billion in 2020."
Statistic 8
"The global data broker market is set to hit $350 billion by 2025."
Statistic 9
"Europe held a significant market share in the overall data broker market in 2020."
Statistic 10
"The Data as a Service Market size is expected to grow from USD 9.3 billion in 2021 to USD 48.9 billion by 2026."
Statistic 11
"The total annual spend on analytics data in financial services and insurance industries will exceed $260 billion by 2022."
Statistic 12
"In 2022, retail is expected to spend approximately $90 billion on big data and business analytics solutions."
Statistic 13
"North America is expected to have the highest Data as a Service market share during the forecast period."
Statistic 14
"The banking, financial services, and insurance (BFSI) vertical is expected to hold the highest market share in the global Data as a Service market."
Statistic 15
"The ecommerce sector spent around $33 billion on big data and business analytics solutions in 2022."
Statistic 16
"The global customer data platform market size was valued at USD 1.06 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 33.9% from 2021 to 2028."
Statistic 17
"In 2020, the market size of data lakes was USD 7.9 billion, and it is expected to reach USD 31.0 billion by 2028, growing at a CAGR of 20.6% during 2021–2028."
Statistic 18
"The healthcare and life sciences industry to have the highest CAGR during the forecast period in the Data as a Service market."
Statistic 19
"BFSI accounted for over 30% revenue share in the global customer data platform (CDP) market in 2020."
Jannik Lindner
Can You Trust Our Report?
The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
