Data Broker Market to Grow with a CAGR of 4.89% Globally through to 2028
Global Data Broker Market is rising due Growing
Need for Data-Driven Decision-Making in the forecast period 2024-2028.
According to TechSci Research report, “Global Data Broker
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, Global Data Broker Market has valued at
USD 254.67 Billion in 2022 and is anticipated to project robust growth in the
forecast period with a CAGR of 4.89% through 2028. The Global Data Broker Market
is currently experiencing a substantial surge in growth, driven by the
expanding role of artificial intelligence (AI) technologies in reshaping and
optimizing supply chain operations across diverse industries. AI has become an
invaluable asset for organizations striving to enhance efficiency, reduce
costs, and gain a competitive edge in today's rapidly evolving global
marketplace. This exploration delves into how AI is instigating significant
transformations across the supply chain industry, equipping organizations to
thrive in an era where data-driven insights and automation reign supreme.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Data
Broker Market”.
The Global Data Broker Market is currently
undergoing significant transformations driven by the growing demand for robust
cybersecurity solutions in an increasingly digital and cloud-centric world.
Data Broker solutions are gaining recognition for their ability to safeguard
critical workloads and data in cloud environments, and they are playing a
pivotal role in reshaping cybersecurity strategies and fortifying organizations
against evolving cyber threats.
In today's digital age, as organizations migrate their
operations to the cloud, the need for comprehensive protection against a myriad
of cyber threats becomes increasingly critical. Data Broker solutions are at
the forefront of this cybersecurity paradigm shift, offering a multifaceted
defense strategy. They provide real-time threat detection, vulnerability
assessment, and automated responses to security incidents, thereby enhancing
the resilience of cloud-based assets.
One of the primary drivers behind the adoption of Data
Broker solutions is the growing complexity of the threat landscape. Cyber
adversaries are continually devising new tactics and techniques to exploit
vulnerabilities in cloud environments. These include highly sophisticated
malware, ransomware attacks, and data breaches, all of which have the potential
to disrupt operations and compromise sensitive data. Data Broker solutions
harness advanced threat intelligence, machine learning, and behavioral analytics
to swiftly identify and mitigate these emerging threats, ensuring the security
and continuous availability of cloud workloads.
Moreover, the rise of cloud-native technologies, such
as containers and serverless computing, is reshaping the cybersecurity
landscape. While these technologies offer unparalleled agility and scalability,
they simultaneously introduce unique security challenges. Data Broker solutions
are evolving to address these challenges, providing specialized security
measures tailored to containers and serverless applications. These encompass
features such as real-time vulnerability scanning, runtime protection, and robust
API security, all designed to safeguard these cloud-native assets effectively.
Regulatory compliance and data privacy regulations are
also driving the adoption of Data Broker solutions. Organizations must adhere
to strict compliance requirements to protect sensitive data and maintain
customer trust. Data Broker solutions assist in achieving compliance by
meticulously monitoring and enforcing security policies, encrypting data, and
generating comprehensive audit trails for compliance reporting.
The global shift toward remote and distributed
workforces has further accentuated the exigency of cloud security. With
employees accessing cloud resources from diverse locations and a variety of
devices, the imperative of securing cloud workloads has ascended to the zenith
of organizational priorities. In this context, Data Broker solutions bestow
organizations with the capability to extend security measures seamlessly to
remote users and devices, thereby ensuring unwavering protection regardless of
the user's location.
In conclusion, the Global Data Broker Market is
presently in the throes of a profound transformation, propelled by the
imperative of cybersecurity in a digital and cloud-centric world. These
solutions stand resolutely at the vanguard of safeguarding cloud-based
workloads, applications, and data, guaranteeing their secure and uninterrupted
operation. As cloud technology continues to advance, the incontrovertible
significance of Data Broker in shaping the future of cybersecurity is poised to
foster innovation, resilience, and unwavering confidence in an ever-evolving
digital landscape.
The Subscription Paid pricing model is the dominating
segment in the Global Data Broker Market.
In the subscription paid pricing model, customers pay
a recurring fee to access the data broker's data and services. This pricing
model is popular with businesses that need regular access to data, such as
marketing agencies, credit bureaus, and financial institutions.
The pay per use paid pricing model is a pricing model
in which customers pay a fee for each use of the data broker's data and
services. This pricing model is popular with businesses that need occasional
access to data, such as small businesses and startups.
The hybrid paid pricing model is a combination of the
subscription paid and pay per use paid pricing models. In the hybrid paid
pricing model, customers pay a subscription fee for access to a basic set of
data and services, and they pay additional fees for access to premium data and
services. This pricing model is popular with businesses that need both regular
and occasional access to data.
The growth of the subscription paid pricing model in
the data broker market is being driven by a number of factors, including:
The need for businesses to have regular access to data
in order to make informed decisions.
The convenience and affordability of
subscription-based services.
The growing availability of subscription-based data
broker services.
The pay per use paid pricing model and the hybrid paid
pricing models are also expected to grow in the coming years, but at a slower
rate than the subscription paid pricing model. This is because businesses are
increasingly recognizing the importance of having regular access to data, and
they are willing to pay a subscription fee to access data on a regular basis.
Major companies operating in Global Data Broker Market
are:
- Experian plc
- Equifax
Inc.
- TransUnion
LLC
- CoreLogic,
Inc.
- DUN
& BRADSTREET
- Acxiom
LLC
- EPSILON
DATA MANAGEMENT, LLC
- Equifax
Workforce Solutions, Inc.
- LexisNexis
Risk Data Management Inc.
- Thomson Reuters Corporation
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“The Global Data Broker Market is currently
experiencing remarkable growth, primarily fueled by the surging demand for
robust cybersecurity solutions in an increasingly digital and cloud-centric
world. Data Broker solutions have garnered widespread recognition for their
ability to safeguard critical workloads and data in cloud environments,
establishing themselves as pivotal players in the reformation of cybersecurity
strategies and the fortification of organizations against ever-evolving cyber
threats.
In the contemporary digital age, as organizations
embark on the migration of their operations to the cloud, the necessity for
comprehensive protection against a plethora of cyber threats has become
profoundly critical. In this scenario, Data Broker solutions emerge as a
cornerstone of modern cybersecurity, presenting a multi-faceted defense
strategy. These solutions deliver real-time threat detection, conduct
vulnerability assessments, and orchestrate automated responses to security
incidents, thereby significantly enhancing the resilience of cloud-based
assets.
The primary catalyst driving the widespread adoption
of Data Broker solutions is the escalating complexity of the contemporary
threat landscape. Cyber adversaries consistently devise innovative tactics and
techniques to exploit vulnerabilities inherent in cloud environments. These
include the deployment of highly sophisticated malware, ransomware attacks, and
data breaches, all of which have the potential to disrupt operations and
compromise sensitive data. Data Broker solutions counter these emerging threats
with advanced threat intelligence, machine learning algorithms, and behavioral
analytics, thereby ensuring the security and uninterrupted availability of
cloud workloads.
Moreover, the ascent of cloud-native technologies,
such as containers and serverless computing, is fundamentally reshaping the
cybersecurity landscape. While these technologies deliver unparalleled agility
and scalability, they concurrently introduce distinctive security challenges.
Data Broker solutions are swiftly evolving to tackle these challenges head-on
by furnishing specialized security measures meticulously tailored to containers
and serverless applications. Notable features encompass vulnerability scanning,
real-time runtime protection, and robust API security mechanisms, all devised
to fortify the security posture of these cloud-native assets.
In addition to combating emerging threats and adapting
to evolving technologies, Data Broker solutions are also instrumental in aiding
organizations in achieving compliance with regulatory frameworks and data
privacy regulations. In the contemporary landscape, organizations are mandated
to adhere to stringent compliance requirements to safeguard sensitive data and
uphold the trust of their customers. Data Broker solutions, in this regard,
facilitate compliance endeavors by vigilantly monitoring and enforcing security
policies, encrypting data to preserve its integrity, and generating
comprehensive audit trails, which serve as the bedrock for compliance
reporting.
Furthermore, the global paradigm shift toward remote
and distributed workforces has significantly accentuated the necessity for
robust cloud security. With employees accessing cloud resources from diverse
geographic locations and an array of devices, securing cloud workloads has
emerged as a paramount organizational priority. Data Broker solutions
effectively empower organizations to extend their security measures to
encompass remote users and devices, thereby ensuring consistent and unwavering
protection, irrespective of the user's physical location.
In summary, the Global Data Broker Market is currently
undergoing a profound transformation, propelled by the exigency of
cybersecurity in a world increasingly defined by digitization and
cloud-centricity. Data Broker solutions are positioned at the vanguard of
safeguarding cloud-based workloads, applications, and data, assuring their
security and continuous operation. As cloud technology continues its relentless
advancement, the pivotal role of Data Broker solutions in shaping the future of
cybersecurity remains incontrovertible, fostering innovation, resilience, and
confidence in an ever-evolving digital landscape.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Data
Broker Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented , By Data Type (Unstructured Data, Structured Data
and Custom Structure Data), By Pricing Model (Subscription Paid, Pay Per Use
Paid, Hybrid Paid Models), By End Use Sector (BFSI, Retail And FMCG,
Manufacturing, Media, Government Sector, Others Sector), By Region, By Competition”, has evaluated the future growth potential of Global
Data Broker Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Data Broker Market.
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