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Data Brokers Market

Pune, 05, Dec 2022: Global Data Broker Market was valued at USD 257.16 Bn. in 2021 by the supply side, and the gap in demand and supply is analyzed by the recent market intelligence study published by Maximize Market research on Data Broker Market.

Data Broker Market Scope 

The purpose of this research is to provide industry stakeholders with a comprehensive analysis of the global Data Broker Market.  the study evaluates datasets and provides historical and current industry trends, as well as expected market size and prospects. The report investigates all aspects of the sector, including a thorough examination of market leaders, followers, and new entrants. The report includes a PORTER and PESTEL analysis, as well as the potential impact of market microeconomic factors. The market outlook section of the study focuses on the fundamental aspects of the market, such as the industry’s drivers, restraints, opportunities, and challenges. The study is divided into sections and contains an examination of industry trends and features.

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Data Broker Market Overview

Businesses and data providers are already collecting large amounts of alternative data. As a result, third-party data suppliers can supplement the information that organizations have already. This approach eventually gave rise to data brokerage, the acquisition of individual, sensor, social media, and corporate data. This data is used by businesses and investors for a number of purposes. Companies and individuals who collect this data are now known as data brokers or data providers.

Data brokering is important almost in every profession, whether government or private because each sector works for customers and focuses on their needs. Data brokers provide maximum information to organizations, who then promote their products and policies depending on demand. 

Data Broker Market Dynamics

In recent years, the rise of new technologies and business models, such as social media and mobile applications, has increased the availability, diversity, and volume of data. The present business intelligence (BI) sector analyses an increasing number of data to maximize the value of each existing program and technology that a company hires. BI is becoming more popular as the digital economy evolves and mobile device usage grows. As a result, larger data sets are generated, which serve as useful tools for fulfilling the requirements of business intelligence throughout the world. Organizations throughout the world are increasingly interested in using data wisely to establish effective business strategies. This, in turn, boosts the demand for Data Broker Market.

Data brokers pose a direct threat to privacy because they can expose sensitive personal information or put an individual in a situation where they are harmed without knowing why and with no way to correct the problem, such as being denied a mortgage, charged a higher insurance rate, or subjected to discriminatory practices. More serious problems arise when bad actors, such as foreign governments or terrorist groups, use data brokers to cause harm. In such cases, data brokers represent a weak link in the national security chain.

Data Broker Market Regional Insights

The North American market held the largest revenue share for the Data Broker market in 2021 and is expected to dominate the market during the forecast period. The existence of major data broker organizations and unregulated data broker solutions in the United States is attributed to the region’s market growth. Top data broker organizations are already selling a substantial volume of data about US people to a variety of enterprises ranging from insurance companies to US law enforcement agencies and international groups.

Data Broker Market Segmentation

By Data Category: 

• Consumer
• Credit
• Government
• Technical
• Real Estate
• Education & Training
• Product & Services
• Risk Management
• Other Data Types

By Data Type: 

• Unstructured Data
• Structured Data
• Custom Structure Data

By Pricing Model: 

• Subscription Paid
• Pay Per Use Paid
• Hybrid Paid Models

By End Use Sector: 

• BFSI
• Retail And FMCG
• Manufacturing
• Media
• Government Sector
• Others Sector

Data Broker Market Key Competitors: 

• Acxiom
• Experian
• Equifax
• CoreLogic
• TransUnion
• Oracle
• Lifelock
• H.I.G. Capital
• PeekYou
• TowerData
• Alibaba
• Bloomberg
• Datasift
• FICO
• RELX
• Thomson Reuters
• Wolters Kluver
• Ignite Technologies
• HG Data
• IBM
• Morningstar
• Qlik
• IHS Markit

Key questions answered in the Data Broker Market are: 

• What is Data Broker? 
• What is the growth rate of the Data Broker Market over the forecast period? 
• What is the nature of competition in the Data Broker industry in developed economies and developing economies? 
• Who are the key players in the Data Broker Market?
• Who are the market leaders in Data brokers in Europe?
• Who are the market leaders in Data brokers in USA and Canada?
• Who are the market leaders in Data brokers in India, China, Japan, and South Korea?
• What are the factors affecting growth in the Data Broker Market? 
• Who held the largest market share in the Data Broker Market? 
• What are the factors for the growth of the Asia-Pacific region in the Data Broker Market?

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Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by Data Category, Data Type, Pricing Model, End Use Sector, and Region.

• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

Alternative Data Market– The Alternative Data Market size is expected to reach USD 106.2 Bn. by 2029 at a CAGR of 58.3 percent during the forecast period. The Hedge funds’ increasing desire for alternative data is boosting the industry’s growth. 

Digital Freight Brokerage Market – The Digital Freight Brokerage Market size is expected to reach USD 31.04 Bn. by 2029 at a CAGR of 28.5 percent during the forecast period. The rising penetration of smartphones and tablets is fuelling the global market for a digital freight brokerage.

Network Packet Broker (NPB) Market– The Network Packet Broker (NPB) Market size is expected to reach USD 1430.5 Mn by 2029 at a CAGR of 7.73 percent during the forecast period. The necessity for easy data center management and automation is a key factor to drive the Network Packet Broker (NPB) Market.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Market Research:

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Pune, Maharashtra 411041, India

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Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,
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Website: https://www.maximizemarketresearch.com/market-report/global-data-broker-market/55670/