In recent years, the telecommunications industry has been able to build strong external partnerships with third-country companies to use data to create innovative offerings for their customers.
Data is becoming more structured every day with the help of artificial intelligence (AI) and data quality has improved significantly, resulting in an increase in customer databases. Telecommunications companies are rapidly turning to data monetization to create new growth and revenue opportunities.
Global Data Monetization in Telecom Market is US$3.01 billion in 2021 and is expected to reach US$13.09 billion in 2029, growing at a CAGR of 20.20% over the market forecast period of 2022-2029 due to high acceptance of sensitive applications. and confidential data is processed.
Report Scope and Market Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2022 to 2029 |
|
Base Year |
2021 |
|
Historic Years |
2020 (Customizable to 2014 - 2019) |
|
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Request Access for Europe Bakery Inclusions Market Sample Report:
Data Monetization in Telecom Market Dynamics
Drivers
- Direct Data Monetization
- Rise in the Volume of Enterprise Data
- Incorporation of Various Analytics
Opportunity in Telecom Data Monetization
In addition, the growing need to extract insights from data sets expands profitable opportunities for market participants during the forecast period 2022 to 2029. According to an IBM report, only 23% of the companies surveyed have big business broad data. The introduction of AI for data processing will also further expand the market.
Restraint/Challenge in Telecom Data Monetization
On the other hand, different regulatory policy structures and lack of organizational opportunities and cultural barriers are expected to hinder market growth. The quality of data collected by financial organizations, as well as privacy and security concerns are also expected to open up data revenue opportunities in the telecommunications market in 2022-2029.
Telecom Data Monetization Market Impact of Covid-19
COVID-19 has had a positive impact on data monetization in the telecommunications market as more and more vertical industries adopt data revenue generating tools during the COVID-19 outbreak. Many industries, particularly the telecommunications industry, have adopted data monetization to increase their revenue from data collection.
Global Data Monetization in Telecom Market Scope and Market Size
The provision of data revenue in the telecommunications market is segmented by component, data type, business function, implementation type and organization type. Growth among these segments will help you analyze rare growth segments in the industry and provide consumers with market insights and valuable market insights to help them make strategic decisions identifying key market applications.
Data Monetization in Telecom Market Regional Analysis/Insights
The data monetization in telecom market is analyzed and market size insights and trends are provided by country, component, data type, business function, deployment type and organization type as referred above.
Competitive Landscape and Data Monetization In Telecom Industry
Some of the major players operating in the Telecom Industry:
Direct Data Monetization, Rise in the Volume of Enterprise Data, Accenture (Ireland), Capgemini (France), Cisco Systems (US), Google (US), Intel (US), Lynx Software Technologies (US), Redknee Inc. (Canda), SAP SE (Germany)
Access Full Report:- https://www.databridgemarketresearch.com/reports/global-data-monetization-in-telecom-market
Major TOC of the Data Monetization For Telecom Market
Get TOC of the Report: https://www.databridgemarketresearch.com/toc/?dbmr=global-data-monetization-in-telecom-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sopan.gedam@databridgemarketresearch.com
