Information Technology

Comprehensive Data Monetization In Telecom Market Analysis 2024: Size, Share, And Key Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The data monetization in telecom market size has grown exponentially in recent years. It will grow from $4.47 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%.  The growth in the historic period can be attributed to rise in data generation, smartphone proliferation, competitive landscape, personalized services, regulatory changes. The data monetization in telecom market size is expected to see exponential growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%.  The growth in the forecast period can be attributed to 5G implementation, edge computing integration, data monetization platforms. Major trends in the forecast period include AI and machine learning enhancements, partnerships and ecosystem collaboration, monetizing subscriber data.

The telecom market is poised for data monetization growth, fueled by the surge in enterprise data volume. Enterprise data, exchanged within companies across departments and geographical areas, is becoming a key factor in shaping business models for data monetization channels. In January 2022, Matillion reported a 63 percent monthly expansion in data volumes, as indicated by data experts. This emphasizes the role of rising enterprise data volumes in propelling the growth of data monetization in the telecom market. The market sizes for 2023, 2024, and 2028 were not explicitly provided.

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What Are The Key Trends That Influence Data Governance Market Share Analysis?

Companies in the data monetization in telecom market are developing new AI and ML-powered charging solutions to stay competitive. These solutions use advanced technologies to optimize and enhance charging processes in various sectors, particularly electric vehicles (EVs) and consumer electronics. For instance, in September 2023, Nokia Corporation, a Finland-based technology firm, launched enterprise edge charging software. This software facilitates the charging of services at the edge of 5G networks by communication service providers (CSPs) and corporations. Utilizing AI and ML, the solution provides better control over network data, enabling rapid development of new market offers and pricing. It is built on a microservices-based architecture compatible with any cloud.

Which Market Players Are Driving Growth In The Data Governance Market?

Major companies operating in the data monetization in telecom market report are Intel Corporation, International Business Machines Corporation, Telefónica S.A., Oracle Corporation, Verizon Communications Inc, Google LLC, Microsoft Corporation, Accenture plc, Cisco Systems Inc, SAP SE, Salesforce.com Inc., Capgemini SE, Infosys Limited, Atos SE, SAS Institute Inc., TIBCO Software Inc., Virtusa Corporation, NetScout Systems Inc, Domo Inc, ThoughtSpot Inc, Mahindra Comviva, Sisense Inc, Redknee Inc., 1010data Inc., Lynx Software Technologies Inc, Paxata Inc., SQLstream Inc, Adastra Corporation, Dawex Systems SAS, iConnectiva Communications Inc.

How Is The Global Data Governance Market Segmented?

The data monetization in telecom market covered in this report is segmented –

1) By Component: Tools, Services
2) By Data Type: Customer Data, Product Data, Financial Data, Supplier Data
3) By Organization Type: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Deployment Type: On-Premises, Cloud

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The Data Governance Global Market Report 2024 provides an overview of the data governancemarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The data governance market forecast analyzes data governance market size, data governance market share, leading competitor and their market positions.

The Table Of Content For The Data Governance Market Include

1. Data Governance Market Executive Summary
2. Data Governance Market Segments
3. Data Governance Market Size And Template Market Growth Rate
4.  Key Data Governance Market Trends
5. Major Data Governance Market Drivers
……
25. Key Mergers And Acquisitions In The Data Governance Market
26. Top Data Governance Companies
27. Data Governance Market Opportunities And Strategies
28. Data Governance Market, Conclusions And Recommendations
29. Appendix

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