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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rising data marketplace in the information industry. Data brokers are also known as information brokers, data providers, and data suppliers. These companies collect data themselves or buy it from other business data companies. Business data companies provide information about the users such as a credit cards, internet history, social sites, and others. Also, data about the consumers are collected from other offline sources such as Government agencies, hospitals, and other consumer goods sectors. Big firms also spend a huge amount in federal lobbies for consumers’ data. According to The Markup Organization, in 2020, 25 companies combined spending on federal lobbying worth $29 million. Big Companies such as Oracle spent $9.57M, Accenture spent $3.25M, PwC spent $2.82M, Deloitte spent $2.40M, RELX spent $2.38M, S&P Global spent $1.62M, Experian spent $1.44M, Equifax spent $1.42M, TransUnion spent $1.35M, and other companies spent on lobbying.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Data Broker Market Report Segment
By Type
- Structured Data
- Unstructured Data
- Custom-Structured Data
By Application
- BFSI
- IT & Telecom
- Healthcare
- Government & Defense
- Manufacturing
- Others (Energy, Transportation & Logistics)
Global Data Broker Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ 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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