About Information Broker Service
Information broker provides the information about the person by collecting them from public or private records. This information includes census, address, driving records, social networking sites, media, purchase history and many more. This data is used to make a profile which are then sold to companies who uses this produce advertising focusing one a particular group. In addition to this, the enterprises use this information for identifying the person and fraud detection. The internet brokers also provide services such as report writing, creating internal data bases, and managing current awareness. These services save time and money for the clients.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.96% |
The demand for Inflight Internet Services is increasing due to the rising of Inflight Entertainment by each passing day. Businesses in this sector face global competition from market leaders who control a large share of the market. The Leading Players are engaged in organic and non-organic strategic global expansion to maintain their Market Position. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Information Broker Service market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Oracle (United States), Bloomberg (United States), Acxiom (United States), Experian (Ireland), Equifax (United States), CoreLogic (United States), TransUnion (United States), Lifelock (United States) and H.I.G. Capital (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are PeekYou (United States), TowerData (United States), Datasift (United States), FICO (United States) and RELX (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Information Broker Service market by Type (Subscription based, Pay per use and Hybrid paid) and Region.
On the basis of geography, the market of Information Broker Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Information collection method, the sub-segment i.e. Document procurement will boost the Information Broker Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Marketing technique, the sub-segment i.e. Direct mail will boost the Information Broker Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry vertical, the sub-segment i.e. BFSI will boost the Information Broker Service market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Production of Information in Machine Readable Form and Usage of Technology Such as Machine Learning in Data Creation
Market Growth Drivers:
Increasing Demand for Information by Organizations is Fueling the Market
Challenges:
Lack of Awareness about the Information Broker Services and Lack of Skilled Professionals
Restraints:
Risk of Data Leakage May Hamper the Market Growth and Growing Number of SMEs Is Boosting the Market Growth
Opportunities:
Increasing Collection of Different Types of Data by Government for Identifying
Market Leaders and their expansionary development strategies
In November 2023, GPARENCY to introduce its full-service, game-changing Brokerage as a Services (BaaS) division. With a mandate to onboard mortgage brokers to meet market demand, GPARENCY is seeking those aspiring to break into the field and experienced brokers looking for new opportunities to staff this division. This groundbreaking endeavor is set to redefine commercial real estate services by allowing clients to pay only half a point at closing.
In September 2023, LIBRA Insurance Partners the largest independently owned life insurance marketing organization (IMO) in the United States, announces two new partner agencies, TailorMade Wealth Counsel (TailorMade) and Brokers Central, continuing LIBRA's mission to further build upon its 'strength of many and power of one' culture.
Key Target Audience
Information broker service provider, Government associations, Research organizations, Enterprise software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.