Industry Background:
Data broker played a vital role in financial and investments sector. Data broker market is expected to mark significant growth over forecasted period owing to increasing demand at various E-commerce, advertisement companies and technological advancement. There has been significant rise in number of data brokerage process with figure stood up to 10% to 20% in United States alone in 2018, the future for data brokerage looks promising. This result in rising popularity and enabling organizations platforms in the term of marketing strategies and escalating need for identify potential customers, and growing popularity of data analytics may trigger demand and help in industry expansion.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Acxiom Corporation (United States), Experian Plc (United Kingdom), Equifax, Inc. (United States), CoreLogic, Inc. (United States), Oracle Corporation (United States), Lifelock, Inc. (United States), H.I.G. Capital, LLC (United States), PeekYou LLC (United States) and TowerData Inc. (United States) |
This growth is primarily driven by Increase Number of Mobile Devices Boosts the Data Broker Market. and Rapid Demand of Bulk Data in the Term of Digital and Non-Digital Fuelled up the Data Broker Market..
Globally, a noticeable market trend is evident Rising demand due to website cookies, loyalty card programs, and court house records.
The Investment Banking & Brokerage sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Acxiom Corporation (United States), Experian Plc (United Kingdom), Equifax, Inc. (United States), CoreLogic, Inc. (United States), Oracle Corporation (United States), Lifelock, Inc. (United States), H.I.G. Capital, LLC (United States), PeekYou LLC (United States) and TowerData Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In September 2018, SS&C Technologies Holdings, Inc. announced to launch Salentica Data Broker. This acquisition is beneficial in providing integration solution that enables secure data sharing with other applications used by wealth advisors, asset managers and their clients.
In March 2023, The Consumer Financial Protection Bureau (CFPB) has launched an inquiry into companies that track and collect information on people’s personal lives. In issuing this new Request for Information, the CFPB wants to understand the full scope and breadth of data brokers and their business practices, their impact on the daily lives of consumers, and whether they are all playing by the same rules.
Regulatory Insights:
“According to data broker privacy laws, its aims toregulate businesses that collect, aggregate, and sell data about consumers with whom the business does not have a relationship. Businesses that collect, share, or sell their own consumers' data are not affected by this law, so long as they have a direct business relationship with those consumers.”
Influencing Trend:
Rising demand due to website cookies, loyalty card programs, and court house records. and Legalization of data brokerage at developing countries
Market Growth Drivers:
Increase Number of Mobile Devices Boosts the Data Broker Market. and Rapid Demand of Bulk Data in the Term of Digital and Non-Digital Fuelled up the Data Broker Market.
Challenges:
Limitation on Data Broker due to Surging Spamming Activities Anticipated to Challenge the Market. and Spread Of Unsolicited Promotional Messages Hampers the Global Market.
Restraints:
Moderate Regulation Such as Freehand Collection, Data Protection Collection Hampers the Data Broker Market. and Customer Privacy Associated With Data Broker.
Opportunities:
Proliferation of Digitalization Leads to Grow the Data Broker Market. and Upsurge Demand of Operational Management System by Several End Users.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Data Broker Market
- Analysis about New Entrants in Data Broker Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Data Broker Study Sheds Light on
The Data Broker Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Data Broker industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Data Broker industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.