The North America Data Marketplace Platform Market would witness market growth of 22.9% CAGR during the forecast period (2022-2028).
It makes it possible for data to be used and managed effectively, maximizing the return on investment (ROI). Additionally, it gives organizations and businesses access to data marketplace platforms including personal, B2B, and Internet of Things (IoT) data marketplace platforms so they can quickly and affordably meet specific requirements. In order to encourage data sharing between data service providers and end users, a number of companies are also creating data marketplace platforms, which will increase the demand for these services and platforms.
It enables users to access data through analytical platforms and tools to fulfill business requirements with segmented, reliable, and relevant data. Developers can access data using Microsoft Excel and PowerPivot, for instance, while the Microsoft Azure marketplace offers data via a consistent interface. The introduction of web scraping, Big Data, and advancements in blockchain are all credited with the expansion of this industry since they give users access to a large amount of data that can be used to improve performance and generate income.
In order to provide end-to-end effective consumption and management of network services, a number of businesses operating in this region are developing unique data marketplace platform services & solutions, which are assisting in the growth. Additionally, as many businesses invest substantially, cloud platforms for data interchange and sharing are encouraging the use of the data marketplace platform, and early adoption of cutting-edge technologies due to high digital end-user involvement is assisting in the expansion. In addition, there will likely be a lot of prospects for growth given the IoT's widespread adoption. This factor is boosting the growth of the regional data marketplace platform market.
The US market dominated the North America Data Marketplace Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $894.3 million by 2028. The Canada market is experiencing a CAGR of 25.7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 24.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Data Marketplace Platform Market is Estimated to reach $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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