Data Monetization Market, By Method (Direct Monetization and Indirect Monetization), By Industrial Vertical (Finance, Retail, Telecommunication & IT Manufacturing, Healthcare, Energy and Utilities, Government and Defense and Others), By Application (Sales & Marketing, Supply Chain Management, Capital Asset Management and Remote Equipment Monitoring) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East &Africa) - Trends, Analysis and Forecast till 2030

The market for data monetization was valued at US$ 2.02 billion in 2020 and is projected to grow at a compound annual growth rate of 22.8% to reach a staggering US$ 15.84 billion by 2030. The regions that make up the global market for data monetization include Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. North America, with its strong uptake of technologically sophisticated solutions, is predicted to hold the largest regional share in the growth of the global market for data monetization. The worldwide data monetization market is also growing as a result of the region's demand for advanced data-driven business strategies and the volume of company data that is being generated across a variety of industrial sectors. The reason Asia Pacific is anticipated to have a sizable portion of the global data monetization market is due to an increase in the use of digital services such cloud computing, mobile, artificial intelligence, over-the-top (OTT) services, and the internet of things (IoT).