The role of data is changing over the years, and presently, data is traded like a product. Currently, digital services are integrated into products. Companies and individuals are discovering the value of data their devices are hoarding, and are presently using that information for profit, exchanging it with and selling it to others in the market. Secure exchange of data has become crucial. Data exchange platforms convert data from various sources to data in destination format for analysis. The data exchange market is expected to become lucrative and investors are expected to leap on data exchange platform services market owing to the rapid development of Internet of Things (IoT).

Regulatory agencies are paying greater emphasis on data exchange due to the development of data exchange platform services. Data exchange platform services need to comply with specified by regulations/acts such as The Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard, The General Data Protection Regulation (GDPR) (EU), Family Educational Rights and Privacy Act (FERPA), The Gramm-Leach-Bliley Act (GLBA) for data exchange. Data protection and privacy laws are prompting key players in the data exchange platform services market to oblige, ensuring strengthened and more frequent consent, profiling, and movement of such data. The obligations are likely to hamper the entry of new players into the data exchange platform services market.

Advancements such as the city data exchange in the data exchange platform services market enables large enterprises, small and medium enterprises, and the public sector to integrate multiple sources of data and make it available for public and private entities in order to improve efficiency and effectiveness of their solutions. Shanghai Data Exchange Corp. is building such an electronic platform to trade data and stay at the forefront of technological innovation.

Globally, increasing usage of data exchange platform services and their functionalities are subject to different guidelines and practices. Data exchange platform services are primarily implemented in the retail sector; however, the benefits of data exchange platform services goes beyond the retail sector. Proper valuation of data, data quality control, and value-oriented and quality-oriented data integration are major challenges for the data exchange platform services market. Data exchange platform services are expected to take a wider system perspective and facilitate innovation in the near future, by stimulating the development of third-party applications.

The global data exchange platform services market can be segmented based on deployment type, end-use industry, and region. In terms of deployment type, the data exchange platform services market can be classified into cloud and on-premise. Based on type of cloud, the cloud segment is further sub-segmented into private, public, and hybrid. The cloud segment is expected expand during the forecast period owing to its advantages such as data motion support, disaster recovery, no hardware costs, automatic updates, and high availability over on-premise deployed data exchange platform services. In terms of end-use industry, the data exchange platform services market can be segmented into retail, wholesale, transportation, banking and insurance, telecommunication, and others (manufacturing, mining, etc.). Retail is a key segment driving the data exchange platform services market due to a high rate of adoption witnessed in the segment.

Based on region, the data exchange platform services market is segmented into North America, Asia Pacific, Middle East & Africa (MEA), South America, and Europe. The data exchange platform services market in Asia Pacific is expected to expand at a rapid pace during the forecast period.

Key players operating in the global data exchange platform services market include Gemalto NV, Axway Software, Hitachi Consulting Corporation, BDEX LLC., Data Republic, LuxTrust S.A., and DataMotion, Inc. These companies aim to offer innovative data exchange platform services to gain an early stranglehold on the market.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Data Exchange Platform Services Market

Pre Book