Datafication Market Size, Share & Trends Analysis Report By Product

-

 Whether you're expanding or optimizing within the datafication industry, this report offers the clarity and context needed for confident decision-making.


What Is The Current Outlook For The Datafication Market By 2025?
The datafication market size has grown rapidly in recent years. It will grow from $392.39 billion in 2024 to $441.36 billion in 2025 at a compound annual growth rate (CAGR) of 12.5%. The growth in the historic period can be attributed to proliferation of internet connectivity, exponential growth of data volumes, development of advanced analytics tools, emergence of cloud computing, increasing digitization of businesses.

The datafication market size is expected to see rapid growth in the next few years. It will grow to $715.5 billion in 2029 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to emphasis on data privacy and security, acceleration of 5G networks, evolution of quantum computing, rise of data regulation and compliance measures, expansion of internet of things (IoT) devices. Major trends in the forecast period include augmented analytics, personalized customer experiences, smart cities and urban planning, enhanced cybersecurity solutions, sustainable and ethical data practices.

Get your free sample today:
Datafication Market Size, Growth And Research Report 2025 Sample

What Are The Key Driving Factors For The Growth Of The Datafication Market?
An increasing volume of data generation is expected to propel the growth of the datafication market going forward. Data generation refers to creating or producing new data through various means, such as collecting data from sources, conducting surveys, performing experiments, or generating data through algorithms and simulations. It arises due to the influence of digital technologies and the growing interconnectedness of the global economy. Datafication is used in data generation because it transforms various aspects of businesses, customers, and users into quantifiable, usable, and actionable data, thereby facilitating the collection, analysis, and utilization of vast amounts of information. For instance, in December 2022, a report from The Linux Foundation highlighted a substantial increase in data growth for average end-user organizations, reaching 2,208 TB—a 215.43% rise from the 700 TB recorded in 2021. Therefore, the increasing volume of data generation is driving the growth of the datafication market.

Global Datafication Market Report Segmentation
The dataficationmarket covered in this report is segmented –

1) By Type: Behavioral Datafication, Social Datafication, Geospatial Datafication, Transactional Datafication, Sensor Datafication
2) By Component: Solutions, Services
3) By Deployment: Cloud, On-Premises
4) By Application: Blockchain, AIops, Cognitive Computing, Edge Computing, FinOps, Other Applications
5) By Vertical: Banking Financial Services And Insurance (BFSI), Healthcare, IT And Telecom, Retail, Government And Defense, Manufacturing, Media And Entertainment, Other Verticals

Subsegments:
1) By Behavioral Datafication: User Interaction Tracking, Engagement Analytics, Preference And Habit Analysis
2) By Social Datafication: Social Media Data Analysis, Network And Relationship Mapping, Sentiment Analysis
3) By Geospatial Datafication: Location Tracking And Analytics, Geographic Information Systems (GIS), Mapping And Spatial Analysis
4) By Transactional Datafication: Sales And Purchase Data Analysis, Customer Transaction Tracking, Financial Transaction Analysis
5) By Sensor Datafication: IoT Sensor Data Collection, Environmental Monitoring, Smart Device Data Analytics

What Are The Key Trends And Market Opportunities In The Datafication Sector?
Major companies operating in the datafication market are concentrating on the development of advanced solutions, such as new business analytics enterprise software to break down data silos, to gain a competitive edge in the market. This software refers to software that helps organizations consolidate data from disparate sources and eliminate data silos, enabling them to make data-driven decisions quickly and navigate unpredictable disruptions. For instance, in November 2023, the International Business Machines Corporation (IBM), a US-based multinational technology company, launched IBM business analytics enterprise, a new software to break down data silos and streamline planning and analytics. This platform offers features including data silo breakdown and business intelligence capabilities, alongside technological advancements such as AI-powered planning and multidimensional analysis. Its significance in the datafication market lies in enabling enterprises to become more data-driven by providing comprehensive access to analytics tools and breaking down data and analytics silos, fostering streamlined planning and data-driven decision-making.

Who Are The Leading Players In The Datafication Market?
Major companies operating in the datafication market are Amazon Web Services Inc., Alphabet Inc, Microsoft Corporation, Dell EMC, The International Business Machines Corporation, Oracle Corporation, SAP SE, ABB Group, Hewlett-Packard Enterprise (HPE), Emerson Electric Co., SAS Institute Inc., Teradata Corporation, Workiva Inc., DataRobot Inc., Xceptor, Matillion Limited, Dbt Labs Inc., mParticle, Veryfi Inc., Power your AI-ready data team | Coalesce, Search Discovery Inc., Crosser Technologies, Decodable, Osmos, Precog, Flatfile Inc.

View the full datafication market report here:
Datafication Market Size, Growth And Research Report 2025

Which Region Is Projected To Hold The Largest Market Share In The Global Datafication Market By 2029?
North America was the largest region in the datafication market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the datafication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Contact Us:

The Business Research Company

Market Research Reports

Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267

Email: info@tbrc.info


Follow Us On:

LinkedIn: The Business Research Company | LinkedIn

Comments

Post a Comment

Popular posts from this blog

Cloud Services Market Evolution 2025-2034: Industry Growth Projections & Market Size Insights

-
 The Business Research Company's report on the Cloud Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. How are market drivers shaping the future growth trajectory of the cloud services industry? The growing adoption of online gaming is expected to propel the growth of the cloud services market going forward. Online gaming refers to video games that are played over the internet or any other computer network available. Cloud services are used in online gaming to provide platform-independent gaming, accessibility, scalability, cost-effectiveness, convenience, and an improved gaming experience. For instance, in March 2023, according to a blog shared by CyberCrew UK, a UK-based online audio and video media company, the number of gamers in the UK had grown by 63% since the 2021 lockdown. Consumers who play video games spent $5.2 billion on them in 2020. I...
Read more

Emerging Template Market Growth Trends: How Fertility Services is Reshaping Market Size & Industry Expansion

-
 The Business Research Company's report on the Fertility Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. How have key drivers contributed to the rapid growth of the fertility services market? Growing infertility rates are anticipated to boost the demand for fertility services during the forecast period. Various social and environment-related factors such as lifestyle changes including obesity, stress or depression, and high consumption of alcohol contribute to a surge in infertility rates, thereby generating a high requirement for fertility services. For instance, in April 2023, according to the World Health Organization (WHO), a Switzerland-based international public health organization, millions of people in the world who are of reproductive age are going to struggle with infertility, which might influence their families and communities. Worldwi...
Read more

Digital Payments Market Evolution 2025-2034: Industry Growth Projections & Market Size Insights

-
 The Business Research Company's report on the Digital Payments Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. How are market drivers shaping the future growth trajectory of the digital payments industry? Quick onboarding and ease of use are expected to drive the digital payment market. Individuals require flexibility, transparency, and friction-free onboarding. They are more attracted to methods that are frictionless, and as a result, software innovators such as Square and PayPal are using automation to decrease the onboarding time to a few minutes. Digital payments are very easy to use compared to conventional methods, as they only require a bank account or phone number and a smartphone with an internet facility. For instance, according to new data compiled by Taiwan's government, out of a population of about 23 million, nearly 10 million are mobile...
Read more