April 2025
The global data marketplace market is expanding with growing demand for secure, scalable platforms to trade and manage enterprise data globally. The market is driven by the increasing value of data as a revenue-generating asset, demand for high-quality, ready-to-use datasets for Artificial Intelligence /ML and business intelligence, the rise of secure data sharing, and the need for streamlined analytics and informed decision-making.
A data marketplace is an online platform that facilitates the buying, selling, and exchange of datasets, data streams, and AI models. Acting as an intermediary between data providers and consumers, it enables access to data and monetizes it. Several key factors are driving the demand for data monetization, including the growing recognition of data as an asset. Additionally, the increasing adoption of AI and machine learning is fueling the need for diverse AI models for training purposes.
Companies understand the importance of data in making informed decisions and accessing relevant information. These marketplaces also provide a secure and governed environment to mitigate the risks associated with data sharing and ensure compliance with data access regulations. Furthermore, self-service data discovery and acquisition options allow business analysts and data scientists to bypass lengthy IT processes.
North America dominated the global data marketplace due to its advanced technological infrastructure, high investment levels, and a strong presence of key technology players. The region has witnessed early and widespread adoption of cloud computing, the Internet of Things (IoT), and AI, creating a well-established market for data-driven services. North America, especially the U.S., is recognized as a global leader in technology and innovation, being home to numerous tech giants and startups like AWS, Snowflake, Microsoft, Oracle, and Google, all of which contribute to market dominance.
Asia-Pacific region is expected to experience the fastest growth during the forecast period, driven by rapid digitalization, expanding e-commerce, and significant investments in cloud computing, AI, and big data. Businesses across various sectors, such as retail and healthcare, are increasingly relying on data to gain a competitive edge. Supportive government initiatives, such as China's focus on AI and India's Digital India program, along with a growing demand for data-driven insights, are also propelling this accelerated growth.
Report Attribute | Key Statistics |
Quantitative Units | Revenue in USD million/billion, Volume in units |
Largest Market | North America |
Base Year | 2024 |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Get this report to explore global market size, share, CAGR, and trends, featuring detailed segmental analysis and an insightful competitive landscape overview @ https://www.precedenceresearch.com/sample/6892
You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com |+1 804 441 9344
April 2025
January 2025
April 2025
May 2025