The Europe Data Marketplace Platform Market would witness market growth of 23.5% CAGR during the forecast period (2022-2028).
Business analytics and research, firmographics, and demographic market data, as well as business intelligence and public data, are typical data categories for sale in a data marketplace. A more open (and occasionally commercial or compensated) method of sharing data is through a data marketplace. Although the practice of sharing data has a long history in the fields of academia, research, and public policy, it has recently made significant strides in the world of commercial businesses, from huge corporations to analyst, consultancy, and market intelligence businesses. Data consumers include government, big business, analysts, and market intelligence businesses.
Data markets are assisting enterprises in lowering the cost and time associated with locating necessary data sets and are assisting data providers in expanding their market reach as data volumes continue to soar and artificial intelligence and machine learning become more crucial in decision-making. Business intelligence, data scientists, analytics experts, data scientists, and others who rely on data-driven decision-making have live access to ready-to-query information from an ecosystem of customers and partners as well as possibly thousands of data as well as data service providers, owing to Data Marketplace, a component of the Data Cloud.
The manufacturing sector in Germany is bolstering significantly. Automobiles and semi-customizable machine tools are two high-value market niches that German manufacturing firms dominate. According to the International Trade Administration, the largest AM market in Europe is Germany, which has up to 15% annual growth rates. According to recent research by the European Patent Office, approximately half of all AM patents that are registered in Europe come from Germany. The EU's biggest and busiest market for additive manufacturing is found in Germany. Only a few local businesses used additive manufacturing (AM) four years ago, primarily for prototypes. Since then, Germany's AM user base has almost doubled. Local businesses that produce AM favor internal AM facilities over outside AM providers. This factor is stimulating the growth of the regional market.
The Germany market dominated the Europe Data Marketplace Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $220.2 million by 2028. The UK market is exhibiting a CAGR of 22.5% during (2022 - 2028). Additionally, The France market would grow at a CAGR of 24.5% during (2022 - 2028).
Based on Component, the market is segmented into Platform (without Services) and Services. Based on Type, the market is segmented into B2B, IoT and Personal. Based on Enterprise size, the market is segmented into Large Enterprises and SME's. Based on Revenue Model, the market is segmented into Subscription, Commission, Paid features and Others. Based on End-user, the market is segmented into Financial Services, Healthcare & Life Sciences, Advertising, Media & Entertainment, Retail & CPG, Technology, Public Sector, Manufacturing and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Data Marketplace Platform Market will Hit $3.5 Billion by 2028, at a CAGR of 24.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Amazon Web Services, Inc. (Amazon.com, Inc.), Oracle Corporation, SAP SE, Microsoft Corporation, Adobe, Inc., Snowflake, Inc., Nasdaq, Inc. (Quandl, Inc.), BattleFin, Narrative I/O, Inc., and Datarade GmbH.
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