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Global Data Broker Market Size, Share, Opportunities And Trends By Data Type (Consumer Data, Business Data), By End-User Industry (BFSI, Retail, Automotive, Construction, Others), And By Geography - Forecasts From 2020 To 2025

Published: Mar 2020 | Report Code:  KSI061611226 | Pages:  114

The global data broker market is projected to witness a significant growth over the next six years and is expected to grow at a CAGR of 6.01% during the forecast period. The rapid growth in the coming years is majorly attributed to the increasing demand for various data based information regarding consumers, different organizations, technical data related to weather, natural events, drug studies, and real estate information among others. In order to compete with one another, companies and organizations are approaching various data brokerage firms for necessary, relevant, and customized data based information to formulate their marketing strategy in a more viable form. The data broker market is highly diversified as well as dynamic.

Data brokers usually collect information from wide number of sources and compile them to derive detailed profiles of enquired entities. These companies generate revenue by selling the compiled information to other entities. As discussed by Federal Trade Commission, “these data brokers collect personal information about consumers from wide range of sources and provide it for variety of purposes, including verifying an individual’s identity, marketing products, and detecting frauds”. The data broker market is neither homogeneous nor is regulated, in most of the countries. This market is highly consolidated and will witness a phenomenal growth rate.

Global Data Broker Market

Global Data Broker Market

Details

Base Year 2019
Forecast Year 2020-2025
Market Evaluation (Value) US Dollar Million
Segmentation Data Type, End-User Industry, and Geography
Regions Covered  North America, South America, Europe, Middle East and Africa, and Asia Pacific
Country Level Forecast and Analysis Yes
Key Trends North America dominates the global data broker market while the Asia Pacific is projected to grow at the highest CAGR.
 

Data broker market covers a wide range of end-users which include financial services firms, telecommunication, retail, individual consumers, educational institutions, real estate, power and energy, and automotive industry among others. The market is trending towards more data centric information sources so as to analyse within a prescribed deadline. These data related information is usually collected for the purpose of research and forecast. The increasing growth of business intelligence and analytics, and internet of things (IoT) are the prominent drivers for a catalytic growth of data broker market across the globe.

North America holds the largest share in global data broker market owing to its speedy adoption of different analytic methods and high adoption rate of IoT. However, Asia-Pacific is projected to be the fastest growing market owing to the inclination towards the usage of compiled data in order to save time and energy, and data broker services as a part of business. However, if the data broker market becomes regulated and more protected then it may inhibit its growth rate owing to various rules, regulations, and restrictions.

DRIVERS

  • Growing competition across retail and BFSI industries
  • Increasing digitization of business functions

RESTRAINTS

  • Stringent regulations in some regions regarding security and privacy of customers’ data

The major players profiled in the Global data broker market include Acxiom, ID Analytics, LLC, Oracle Corporation, CoreLogic, TransUnion, Intelius and Recorded Future, Inc among others.

Segmentation

The global data broker Market has been analyzed through the following segments:

By Data Type

  • Consumer Data
  • Business Data

By End-User Industry

  • BFSI
  • Retail
  • Automotive
  • Construction
  • Others

By Geography

  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • Others

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