The Data Broker Market size was valued at USD 252.12 Billion in 2023 and the total Data Broker Market revenue is expected to grow at a CAGR of 7.25% from 2024 to 2030, reaching nearly USD 411.64 Billion.
Data Broker Market Overview:
The Data Broker Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Data Broker Market, as well as the causes ... moreThe Data Broker Market size was valued at USD 252.12 Billion in 2023 and the total Data Broker Market revenue is expected to grow at a CAGR of 7.25% from 2024 to 2030, reaching nearly USD 411.64 Billion.
Data Broker Market Overview:
The Data Broker Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Data Broker Market, as well as the causes for variances in the industry’s growth in various places
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Data Broker Market Drivers:
Rising data privacy concerns hamper the data broker market. The growth in data breaches and cyber-attacks has heightened caution among both consumers and businesses regarding data sharing and handling. This increased wariness has resulted in a reduced tendency to interact with data brokers, subsequently posing a constraint on the data broker market's growth.
Regulatory challenges also restrain the data broker market globally. The introduction of stringent data protection laws, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the U.S., has increased the compliance burden on data brokers. This has resulted in higher operational costs and potential legal risks, thereby hindering data broker market growth. The issue of data accuracy further hinders the data broker market. The value of services provided by data brokers heavily relies on the accuracy and relevance of the data. However, ensuring the accuracy of large volumes of data is a challenging task. Any inaccuracies in the data lead to incorrect insights and decisions, which negatively impact the reputation and credibility of data brokers.
BFSI
Retail and FMCG
Manufacturing
Media
Government Sector
by Data Category
Consumer Data
Business Data
by Data Type
Unstructured Data
Structured Data
Custom Structure Data
Data Broker Market Key Players: The key players are
1. Acxiom - United States
2. Experian - Ireland
3. Equifax - United States
4. CoreLogic - United States
5. TransUnion - United States
6. Oracle - United States
7. LifeLock (NortonLifeLock) - United States
8. H.I.G. Capital - United States
9. PeekYou - United States
10. TowerData - United States
11. Alibaba - China
12. Bloomberg - United States
13. Datasift - United States
14. FICO - United States
15. RELX - United Kingdom
16. Thomson Reuters - Canada
17. Wolters Kluwer - Netherlands
18. Ignite Technologies - United States
19. HG Data - United States
20. IBM - United States
21. Morningstar - United States
22. Qlik - United States
23. IHS Markit - United Kingdom
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Data Broker Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Data Broker Market Report are:
1. What are the growth drivers for the Global Market?
2. What are the major restraints for the Global Data Broker Market growth?
3. Which region is expected to lead the Global Data Broker Market during the forecast period?
4. What is the projected market size & and growth rate of the Global Data Broker Market?
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