Data Monetization Market size Witness Growth Acceleration during 2029

Data Monetization Market size was valued at US$ 3.404 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 21.7% through 2023 to 2029, reaching nearly US$ 13.46Bn.
Data Monetization Market Overview:

The process of leveraging data to gain quantifiable economic value is known as data monetization. Using data to make demonstrable business performance improvements and guide choices are examples of internal or indirect strategies. One of the most important factors driving the adoption of data monetization tools and services across regions is the increase in the volume of data generated and the decreased cost of data storage. Data monetization suppliers are projected to benefit from factors such as the growing need to extract insights from large amounts of data and the growing adoption of AI for data processing.