Data Broker Market — Consumer Data Emerges as the Leading Data Category

Data analytics continues to become more pervasive with businesses aiming to leverage consumer data to improve bottom-line. The bulk of data that is being generated from offline and online platforms is being utilized by enterprises to monitor operation and analyse consumer actions. Such data is typically retrieved for understanding trends, opportunities and patterns. However, the task can be quite complicated and may require external assistance. 
Data broker products are emerging as the go-to solution for such complex analytic requirements. Moreover, moderate regulations on data protection provisions a freehand collection, selling and exchange of data pertaining to details of individuals. Data brokers assist their clients in analyzing the buying pattern of the customers by providing them vital customer data. This, in turn, enables organizations to better plan marketing strategies and identify potential customers. 
The aforementioned factors are expected to create lucrative business opportunities for data brokers in the near future. A recent report published by Transparency Market Research (TMR) reveals that the global data broker market is set to exhibit a robust CAGR of 11.5% during the forecast period (2017-2026).

North America is expected to remain the most attractive market for data brokers throughout the forecast period. Increased use of data in business applications in both the U.S. and Canada is likely to augur well for the prospects of data brokers operating in the region. The data broker market in the region is expected to accounts for a significant share of the global market and the trend is expected to continue beyond 2017. 

The region’s market is projected to witness a strong growth in the forthcoming years. Meanwhile, Europe and Asia Pacific excluding Japan (APEJ) are likely to remain the other key markets for data brokers during the assessment period. Rising level of awareness about the imminent benefits of having a robust database is driving the demand in various end-user industries.

Comments

Post a Comment

Popular posts from this blog

Floor Grinding Machines Market Projected to Reach $344.6 million by 2027

The global floor grinding machines market size was valued at $271.0 million in 2019, and is projected to reach $344.6 million by 2027, registering a CAGR of 3.1% from 2020 to 2027. Asia-Pacific generated the highest revenue in 2019, and is expected to grow at a highest CAGR during the forecast period, followed by LAMEA and North America. Floor grinding machine products witnessed a higher demand, owing to the durability and availability at low cost. Moreover, advancements in floor grinding machines with GPS and others further strengthen the floor grinding machines market growth.  Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A06328 In addition, surge in residential construction industry in the developing countries such as India, China, India, and Brazil is expected to increase the demand for floor grinding machines. However, high maintenance and repair costs hamper the floor grinding machines market growth. The impact of this factor is anticipated to ...
Read more

Energy-Efficient Windows Market Segmentation and Key Companies by 2027

The global market for energy-efficient windows is poised for substantial growth, projected to reach $29,023.8 million by 2027, up from $15,594.0 million in 2019, with a notable compound annual growth rate (CAGR) of 8.1% from 2020 to 2027. In 2019, North America emerged as the dominant force in the market, capturing 33.6% of the total revenue share. Dont Miss Out Download Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/A06191 Energy-efficient windows play a crucial role in reducing the reliance on artificial heating and cooling systems within buildings by providing effective insulation against heat loss and gain from the external environment. Comprising three key elements—glass or glazing, frames, and associated hardware—these windows undergo certification based on metrics like the solar heat gain coefficient (SHGC) and U-factor, qualifying for Energy Star Ratings issued by the National Fenestration Rating Council (NFRC) in the U.S. The SHGC assesses solar h...
Read more

Press Brakes Market Exploring the Growth at a CAGR of 5.9% By 2032

The press brakes market size was valued at $568.15 million in 2022, and is estimated to reach $995.3 million by 2032, growing at a CAGR of 5.9% from 2023 to 2032. A press brake is a machine utilized in metalworking and fabrication procedures to bend and shape sheet metal. It consists of an effective hydraulic or mechanical press that applies force to a metal workpiece, forcing it into a predetermined form by means of a die. Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A08707 The press brake's adjustable back gauge allows for specific and repeatable bends, making it a versatile tool for the manufacturing of diverse metal components. Commonly found in manufacturing settings, press brakes are crucial for forming metallic parts utilized in industries inclusive of automotive, aerospace, and construction. Growing industrialization is one of the major factor driving the growth of press brakes market. For instance, in August 2022, Accurl displayed the...
Read more