Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report ongoing study by
Infinium Global Research on the data exchange platform services market provides
in-depth analysis of segments and sub-segments in the global as well as
regional data exchange platform services market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
data exchange platform services market over the short term as well as long
term. The report is a comprehensive presentation of trends, forecast and dollar
values of the global data exchange platform services market. According to the
report, the global data exchange platform services market is projected to grow
at a significant CAGR over the forecast period of 2021-2027.
Data exchange is a platform where
businesses can share, source, exchange, assign, and capitalize data and
organize data ecosystems building strong data partnerships; hence it becomes
the most advanced environment for business. to support current and future data
policies and frameworks, data exchange platforms inscribe legal, technological,
security, and acquiescence requirements, making it more useful for many
organizations. Furthermore, these platform enables data to be broadcast and be
rendered available with all the necessary features such as protection,
compliance, and traceability of transactions imperatives. Additionally, a data
marketplace can restrain data through insightful partnerships with the extended
ecosystem due to the rapid development of the Internet of Things (IoT) and
other innovative technologies. Therefore, many public and private organizations
realize the importance of data as a critical strategic asset for achieving the
market objectively; hence, the demand for data exchange platform services is
growing tremendously.
The visible rise in technological
developments and the increase in demand for data exchange platform services
across enterprises worldwide are the prime factors propelling the growth of the
data exchange platform services market over the forecast period. The need for
third-party data, including demographic, psychographic, and social media, is
rising to intensify analysis, strategies, and forecasts to create 360-degree
views of customers. Furthermore, many companies demand clickstream data to customize
the user experience and create compelling suggestion engines, among other
things. As a result, there is a considerable demand to develop high-level features,
which is expected to drive the growth of the data exchange platform services market in
the coming years. Moreover, the need for data exchange platforms for data
centers is also expected to drive the market’s growth. On the other hand, a
data exchange platform can be costly for many small-scale organizations. Hence,
the rising cost of data exchange platforms can hamper the market’s growth.
Nevertheless, key players’ increasing development of data exchange software and
rising demand for digital data present lucrative opportunities to the market.
Based on regions, the data
exchange platform services market report is segmented as North America, Europe,
Asia Pacific, and the rest of the world. North America holds the largest share
of the global data exchange services market, and it is expected to dominate the
market over the forecast period. North American region has resulted in
increased efficiency and cost savings for the governments by using data
exchange services. Furthermore, a considerable number of trade stage specialist
co-ops in this region are solidly settled in the market, and there are many
businesses like BFSI, IT and Telecom, government, medical care, and media in
the area that is boosting the use of data exchange platform services in the
market. Such factors provide exponential growth opportunities to the data
exchange platform services market in North America. Moreover, Asia Pacific is
the second largest revenue holding region of the data exchange platform services market. Countries like China, India, Australia, Indonesia, and other
Asia-Pacific nations are increasing the number of data centers with notable
population growth. Improved economic conditions result in technological
developments and expansion of IT industries in the Asia Pacific region. This is
expected to bring positive trends in the growth of the business in these
regions. Additionally, improving infrastructure across various developing and
developed countries across the region are other factors propelling the market’s
growth in the APAC region.
The report on the global data exchange
platform services market covers segments such as services, deployment,
enterprise size, and industry. On the basis of services, the sub-markets
include advisory services, data mapping services, data ingestion services,
partner to partner data exchange services, project management services, and
support services. On the basis of deployment, the sub-markets include on
premise, and cloud. On the basis of enterprise size, the sub-markets include SMEs and large enterprises. On the basis of industry, the sub-markets include automotive,
BFSI, government, healthcare, IT and Telecom, manufacturing, media &
entertainment, retail, transportation and logistics, and utilities.
The report provides profiles of
the companies in the market such as Amazon Web Services, Microsoft Corporation,
Oracle Corporation, SAP SE, InteHealth, Inc., IBM Corporation, Hitachi Vantara
Corporation, Harbr Group Limited, Gemalto NV, and Dawex Systems.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the data exchange platform services market. Moreover, the study
highlights current market trends and provides forecast from 2021-2027. We also
have highlighted future trends in the market that will affect the demand during
the forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.