Market Overview:
A data exchange platform enables the transfer and provision of data with all the necessary functions such as protection, compliance, and traceability of transactions. Both data recipients and data providers need a protected and docile environment to take advantage of their data's prospects and include the player that adequately meets their data needs. As the number of data increases, a data market can optimize data acquisition and regulate the flow of data. With the rapid development of the Internet of Things (IoT) and other innovative technologies, a data market can add value to data through insightful data partnerships with the expanded ecosystem. All of these factors contribute to the growth opportunities for the data exchange platform services market over the planned timeframe. A data exchange platform is the most advanced environment in which companies can share, obtain, exchange, assign, and utilize data and/or organize data ecosystems to build strong data partnerships. Data exchange platforms prescribe legal, technological, security, and consent requirements to support current and future data policies and frameworks. As organizations in both the public and private sectors recognize the importance of data as a key strategic element in achieving market goals such as creating new revenue streams or developing productivity, investment in services is increasing, which is expected to increase in the global data exchange platform services market Forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Dawex (France), Amazon Web Services (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Adeptia (United States), Axway Software (France), BDEX, LLC (United States), Comarch SA (Poland), UBITECH Systems (United States), Data Republic Pty Ltd. (Australia), DataMotion Inc. (United States), Gemalto NV (Netherlands), Harbr Group Limited (United Kingdom), Hitachi Vantara Corporation (United States) and IBM Corporation (United States) |
CAGR | % |
Influencing Trend:
The Improving Infrastructure across Various Developing and Developed Countries and A Growing Trend in Using Reliable Data Exchange Platforms That Imitate the Value Proposition of Major Consumer Marketplaces
Market Growth Drivers:
There Is a Rising Investment for the Services, A Rise in the Amounts of Data, Increasing Demand for Privacy and Data Protection across Worldwide Companies and An Increased Demand for the Data Exchange Platform Services
Challenges:
As data volumes grow, scalability becomes an issue. DXPS must be capable of handling large volumes of data efficiently without compromising performance.
The key Players profiled in the report are Dawex (France), Amazon Web Services (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), Adeptia (United States), Axway Software (France), BDEX, LLC (United States), Comarch SA (Poland), UBITECH Systems (United States), Data Republic Pty Ltd. (Australia), DataMotion Inc. (United States), Gemalto NV (Netherlands), Harbr Group Limited (United Kingdom), Hitachi Vantara Corporation (United States) and IBM Corporation (United States). Additionally, other players that are of this comprehensive study are InteHealth (United States), Lotame (United States) and LuxTrust S.A. Information (Europe).
Market Development Activities
In Jan 2020 IBM Corporation and Yara International collaborated to develop on open data exchange platform that facilated collaborations around filed data enabling the grow more food the smaller Footprint .
In April 13, 2021 – Tradeweb Markets Inc. (Nasdaq: TW), a leading, global operator of electronic marketplaces for rates, credit, equities and money markets, today announced a collaboration with Amazon Web Services (AWS) to broaden access to its U.S. Treasury and U.K. Gilt closing price data through AWS Data Exchange, a service that makes it easy to find, subscribe to, and use third-party data in the cloud.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Data Exchange Platform Services, Government Regulatory and Research Organizations and End-Use Industries