The Asia Pacific Data Marketplace Platform Market would witness market growth of 25.4% CAGR during the forecast period (2022-2028).
Information and data are the most crucial resources for society and businesses in the modern digital economy. IT applications are continually growing as a result of new technological advancements, like mobile computing or the Internet of Things (IoT), which have the huge potential to provide value to businesses by generating complex data. Data is considered to be of paramount importance for a sustainable economic success of a company because it serves as the foundation for the collection of information.
They provide structural support for the development of new digital services or even innovative business models. Data is viewed as a strategic resource for businesses and is treated as an asset with costs associated with its management just like any other tangible item. It is possible to sell raw or processed data to other companies so that it no longer acts as a facilitator of products but rather is the product itself. This data can be developed, gathered, or used in certain business operations. This gives rise to the concept that data assets can be made profitable by trading and exchanging data across businesses.
The market in the Asia-Pacific region is estimated to rise at a very rapid pace. Large and dispersed consumer bases in India and China are what fuel the demand and open up new business prospects for data marketplace platform services and solutions. The development of IoT technologies, the expansion of data infrastructure, and the expanding use of data marketplace platform services across a range of industries, including healthcare, manufacturing, government, and financial services, are all contributing to the increase.
The China market dominated the Asia Pacific Data Marketplace Platform Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $283.7 million by 2028. The Japan market is anticipated to grow at a CAGR of 24.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 26.2% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Data Marketplace Platform Market is Projected to reach USD 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.
By Component
By Type
By Enterprise size
By Revenue Model
By End-user
By Country
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