What is Data Exchange Platform Services Market?
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.
The market study is being classified by Type (Advisory Services, Data Mapping Services, Data Ingestion Services, Partner to Partner Data Exchange Services, Project Management Services and Support Services) and major geographies with country level break-up.
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) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are InteHealth (United States), Lotame (United States) and LuxTrust S.A. Information (Europe).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Data Exchange Platform Services market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Data Exchange Platform Services market by Type, Application and Region.
On the basis of geography, the market of Data Exchange Platform Services 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- 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
- An Increased Demand for the Data Exchange Platform Services
- The Improving Infrastructure across Various Developing and Developed Countries
- A Growing Trend in Using Reliable Data Exchange Platforms That Imitate the Value Proposition of Major Consumer Marketplaces
- Proper Valuation of Data, Data Quality Control, and Value-Oriented Data Integration
- The Rapid Development of the Internet of Things (IoT) and Other Innovative Technologies
- Rapid Advancements in Big Data and Analytics Solutions
Market Leaders and some development strategies
In January 2020, IBM Corporation and Yara International had jointly developed an open data exchange platform that facilitates collaboration on field and farm data and enables the world to grow more food with a smaller ecological footprint.
In November 2020, Harbr Group Limited had focused on offering a platform for enterprise data sharing by investing USD 38.5 million to empower businesses by sharing big data for data sharing. and In November 2019, Amazon Web Services, Inc. had launched the AWS Data Exchange service, which can be used for the broadest and deepest portfolio of cloud services in the AWS market using a single API.
Key Target AudienceVenture 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Data Exchange Platform Services Market?
"There Is a Rising Investment for the Services
" is seen as one of major growth factors of Data Exchange Platform Services Market in years to come.
2. Can we have customized study for Data Exchange Platform Services Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.