Data Monetization in Telecom Market was valued at USD 3.01 billion in 2021 and is expected to reach USD 13.09 billion by 2029, registering a CAGR of 20.20% during the forecast period of 2022-2029. "On-Premises" account for the largest type segment in the respective market due to the high adoption for applications that involve processing sensitive and confidential data. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Data monetization refers to a process of converting the unstructured or unused vast amount of enterprise data into valuable insights. It involves monetizing of this data into currency or exchange of service. The process assists enterprises in declining the cost of their business operations while increasing revenue streams.
Some of the major players operating Data Monetization in Telecom market are
- Accenture (Ireland)
- Capgemini (France)
- Cisco Systems (US)
- Google (US)
- Intel (US)
- Lynx Software Technologies (US)
- Redknee Inc. (Canda)
- SAP SE (Germany)
- SQLstream, Inc (US)
- 1010data (US)
- Dawex Systems (US)
- Elevondata Labs Private Limited (India)
- Gemalto (Netherlands)
- iConnectiva (India)
- Mahindra Comviva (India)
- NETSCOUT (US)
- Optiva (Canada)
- Emu Analytics Ltd (UK)
- Adastra Corporation (Canada)
Key Market Segments Covered in Data Monetization in Telecom Market Industry Research
Component
- Tools
- Services
Support and Maintenance
Consulting
Implementation
Data Type
- Customer Data
- Product Data
- Financial Data
- Supplier Data
Business Function
- Sales and Marketing
- Supply Chain Management
- Operations
- Finance
- Others
Research and Development
HR
Legal
Deployment Type
- On-Premises
- Cloud
Organization Type
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
Data Monetization in Telecom Market Regional Analysis/Insights
The data monetization in telecom market is analyzed and market size insights and trends are provided by country, component, data type, business function, deployment type and organization type as referred above.
The countries covered in the data monetization in telecom market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the data monetization in the telecom market due to the adoption of advanced solutions and increased investments within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the region's expansion of the telecommunication sector.
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Drivers
- Direct Data Monetization
The ability to directly monetize data by selling raw data or taking out insights from analysed and processed data is one of the major factors driving the data monetization in the telecom market. Google monetizes data through real-time bidding while optimizing their platform's experience as they reinvest data into their platform.
- Rise in the Volume of Enterprise Data
The rise in enterprise data volume and increased focus to generate new revenue streams accelerate market growth. Also, the growth in awareness towards the potential benefits of data monetization positively impacts the market.
- Incorporation of Various Analytics
The use of numerous analytics and technologies among enterprises further influences the market. Ride-hailing companies such as Ola, Uber, and Lyft use location-based analytics to acquire insight about their customer's data that is generally extracted from pick-up and drop-off locations.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the data monetization in telecom market.
Opportunities
Furthermore, rise in need to create insights from a pool of data extend profitable opportunities to the market players in the forecast period of 2022 to 2029. According to a report by IBM, only 23% of companies surveyed have been reported to own an enterprise-wide big data strategy. Also, adoption of AI for data processing will further expand the market.
Restraints/Challenges
On the other hand, varying structure of regulatory policies, and lack of organizational capabilities and cultural barriers are expected to obstruct market growth. Also, the quality of data collected by organizations for monetization and privacy and security concerns are projected to challenge the data monetization in the telecom market in 2022-2029.
This data monetization in telecom market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on data monetization in telecom market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- Microsoft introduced a new Microsoft Azure service in July’2019. This service is a cloud service that assists organizations in sharing their internal data. The company aims to deliver the service for its customers to share data to comply with regulations and privacy policies.
- Salesforce announced the acquisition of Tableau in June’2019 to deliver a full view of their consumers across touchpoints by combining the CRM platform.
How does this Data Monetization in Telecom Market Insights Help?
- Data Monetization in Telecom Market share (regional, product, application, end-user) both in terms of volume and revenue along with CAGR
- The Key parameters which are driving this market and restraining its growth
- What all challenges manufacturers will face as well as new opportunities and threats faced by them
- To learn about the market strategies that are being adopted by your competitors and leading organizations
- To Increase insightful analyses of the market and have a comprehensive understanding of the “Data Monetization in Telecom Market” and its commercial landscape
TABLE OF CONTENTS
- Part 01: Executive Summary
- Part 02: Scope of The Report
- Part 03: Research Methodology
- Part 04: Market Landscape
- Part 05: Pipeline Analysis
- Part 06: Market Sizing
- Part 07: Five Forces Analysis
- Part 08: Market Segmentation
- Part 09: Customer Landscape
- Part 10: Regional Landscape
- Part 11: Decision Framework
- Part 12: Drivers and Challenges
- Part 13: Market Trends
- Part 14: Vendor Landscape
- Part 15: Vendor Analysis
- Part 16: Appendix
For Detailed TOC | Follow @ https://www.databridgemarketresearch.com/toc/?dbmr=global-data-monetization-in-telecom-market
Queries Resolved in This Report:
- Which will be the specialties at which Data Monetization in Telecom Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set nearness?
- Which will be the foreseen development rates for your own Data Monetization in Telecom economy out and out and furthermore for each portion inside?
- Which will be the Data Monetization in Telecom application and sorts and estimate joined intently by makers?
- Which will be the dangers which will attack growth?
- The length of the Data Monetization in Telecom market opportunity?
- How Data Monetization in Telecom Market share advance vacillations their value from various assembling brands?
WHO SHOULD BUY THE DATA MONETIZATION IN TELECOM REPORT?
People looking to enrich the decision-making capability by following points must buy the report:
- Breakdown of market share of the top Data Monetization in Telecom industry players
- Evaluations of market share for the regional and country level sectors
- Estimation of Data Monetization in Telecom market for the forecast period of all the aforementioned classes, sub classes, and the domestic markets
- Tactical recommendation for the newbies
- Tactical recommendation in primary business industries based on the Data Monetization in Telecom market forecast
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