Data Monetization Market: Opportunity Analysis and Industry Forecast upto 2025
Introduction Increasing large volume of enterprise data generated by organizations across various industries, is the key factor contributes the growth of global data monetization market. The process of converting the unused/unstructured large volume of enterprise data into valuable insights and monetizing the data to in to currency or exchange of service is called data monetization. Data monetization can help organizations to reduce costs or increase revenue by investing in analytics platform which converts unstructured data into valuable insights based on the requirements. Market Dynamics Today’s enterprises are continuously focusing on create new opportunities for revenue and growth, since, data monetization solutions are available with anonymization & aggregation of data into a legally & ethically acceptable form, preference for data monetization solutions is increasing across industries. Decreasing data storage coasts, increasing large volume of underutilized data in enterprise atmosphere and growing importance generate new data revenue streams from the ever increasing data volume of organizations across various industries, are the prominent factors drives the growth of global data monetization market. Additionally, rapid technological advancements in Big Data and analytics solutions, and expanding internet of things (IoT) applications coupled increasing volume of sensor data accelerates the growth of global data monetization market. Obtain Report Details @ http://www.transparencymarketresearch.com/data-monetization-market.html Segmentation The global data monetization market is segmented on the basis of component, industry vertical, and by region. On the basis of component, the global, the global data monetization market can be segmented into software and services. On the basis of industry vertical, the global data monetization market can be segmented into telecommunication & IT, media & entertainment, ecommerce & retail, healthcare, manufacturing, travel & logistics and others. Regionally, the