Data broker market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. The primary factor contributing to the market growth include the expansion of business intelligence and the generation of larger data sets. The BI industry is witnessing a huge volume of data to increase the value of existing software and tool a business uses. It combines data from one or more resources, analyzes, and processes it to convert it into actionable insights, which in turn reduces the operational cost along with enhancing efficiency. Thus, further resulting in the generation of larger data sets that act as a beneficial tool to cater to the requirements of BI across the globe. Additionally, BI offers a real-time view of relevant business data that benefits the end-user with data clarity, better customer experience, and increased efficiency, hence offering a better analysis of competitive advantage.
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Among the application, the BFSI sub-segment is expected to hold a prominent share of the global data broker market over the forecast period. The primary factor contributing to the growth of the segment includes the rising offerings of fraud detection services especially used by the financial sector. The BFSI sector employs information data brokers to find more information about an individual before granting a loan. This offers incremental opportunities for cloud access security brokers and commercial data brokers across the globe. An increase in the usage of integration brokerage software in the data broker industry is creating significant opportunities for market players. A rise in applications of data broker services in various end-use industries is expected to augment the data broker market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Data Broker Market Report Segment
By Type
- Structured Data
- Unstructured Data
- Custom-Structured Data
By Application
- BFSI
- IT & Telecom
- Healthcare
- Government & Defense
- Manufacturing
- Others (Energy, Transportation & Logistics)
Global Data Broker Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global data broker market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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