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Data Monetization Market to grow by USD 8.03 Billion from 2024-2028, driven by widespread adoption and AI-driven market transformation – Technavio

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global data monetization market size is estimated to grow by USD 8.03 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 27.17% during the forecast period. High adoption of data monetization by various end-users is driving market growth, with a trend towards digital transformation of business. However, data privacy and regulatory compliance poses a challenge. Key market players include Accenture Plc, Adastra Group, Alphabet Inc., Ciena Corp., Cisco Systems Inc., CoreSite Realty Corp., Dawex Systems., Emu Analytics Ltd., Enea AB, Equinix Inc., Extreme Networks Inc., Infosys Ltd., International Business Machines Corp., Juniper Networks Inc., Microsoft Corp., Ness Technologies Inc., NetScout Systems Inc., Nippon Telegraph And Telephone Corp., Nokia Corp., Oracle Corp., SAP SE, Thales Group, and Viavi Solutions Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2017 – 2021

Segment Covered

Type (Solution and Service), Platform (BFSI, E-commerce and retail, Media and entertainment, Manufacturing, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

North America, APAC, Europe, South America, and Middle East and Africa

Key companies profiled

Accenture Plc, Adastra Group, Alphabet Inc., Ciena Corp., Cisco Systems Inc., CoreSite Realty Corp., Dawex Systems., Emu Analytics Ltd., Enea AB, Equinix Inc., Extreme Networks Inc., Infosys Ltd., International Business Machines Corp., Juniper Networks Inc., Microsoft Corp., Ness Technologies Inc., NetScout Systems Inc., Nippon Telegraph And Telephone Corp., Nokia Corp., Oracle Corp., SAP SE, Thales Group, and Viavi Solutions Inc.

Key Market Trends Fueling Growth

The Data Monetization Market is booming as businesses seek new ways to leverage their data for profit. This trend is driven by advances in technology like AI, IoT, machine learning, and deep learning, which enable better Business Intelligence (BI) and Big Data analytics. Enterprises are using data monetization tools to transform customer experience, improve sales and marketing, and enhance finance operations. IT professionals focus on data structures and quality to ensure market ecosystem success. The Tools segment includes direct and indirect monetization processes, with large enterprises and SMEs in various industries like telecommunication, healthcare, MSMEs, digitization, IT and telecom, energy and utilities, e-commerce, and cloud computing, benefiting from data monetization solutions. Market competition is high, with enterprise rivalry driving innovation in data type segmentation, customer data, organization size, and industry verticals. Data monetization processes include internal and external methods, with Big Data playing a crucial role in customer service, sales, and finance. Cloud and on-premise solutions offer flexibility for businesses. 

The digital revolution in sectors such as BFSI and automotive is generating massive data through digital technologies, IoT devices, social media, and other digital channels. This data abundance presents businesses with opportunities to monetize their assets by analyzing and offering data-driven products or services. Cloud computing’s adoption allows organizations to store and process large volumes of data affordably, enabling them to explore monetization opportunities. 

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Market Challenges

The Data Monetization Market presents significant opportunities for enterprises to generate revenue from their data. However, implementing data monetization processes comes with challenges. Businesses must invest in data monetization tools that can handle various data structures and ensure data quality. Customer experience is crucial, and AI, IoT, machine learning, and deep learning technologies can help. However, the market ecosystem is complex, with tools segmented by data type, customer data segment, organization size, and industry vertical. Large enterprises and SMEs in telecommunication, healthcare, MSMEs, IT and telecom, energy and utilities, e-commerce, and finance sectors can benefit. Digitization and competition drive enterprise rivalry, making data monetization solutions essential for customer service, sales and marketing, finance, and other departments. Data monetization processes involve internal and external methods, including Big Data, cloud, on-premise, direct, and indirect monetization.Monetizing data involves organizations sharing or selling their data assets to generate revenue. However, this practice comes with risks, particularly regarding data privacy. Strict regulations such as the GDPR and CCPA require organizations to collect, store, process, and share personal data in specific ways. Complying with these regulations while monetizing data can be complex and challenging. Proper consent mechanisms, anonymization techniques, and data governance practices are essential to protect customer privacy and comply with regulatory requirements. Failure to do so may result in data breaches and unauthorized access, potentially hampering the growth of the data monetization market during the forecast period.

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Segment Overview 

This data monetization market report extensively covers market segmentation by

Type 1.1 Solution1.2 ServicePlatform 2.1 BFSI2.2 E-commerce and retail2.3 Media and entertainment2.4 Manufacturing2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Solution- Businesses today have an abundance of data from various sources, including customer interactions, IoT devices, and social media. This data presents an opportunity for organizations to extract valuable insights and monetize them effectively. Data monetization solutions enable businesses to transform their data into actionable products and services, such as personalized marketing campaigns, targeted recommendations, optimized pricing strategies, and improved inventory management. Rapid advancements in technologies like big data analytics, artificial intelligence, machine learning, and cloud computing make data monetization more accessible and effective. Retail giants like Walmart and Amazon are already utilizing customer data to enhance the shopping experience and drive sales. The high adoption of data monetization solutions across industries will positively impact the growth of the global market in the forecast period.

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Research Analysis

The Data Monetization Market refers to the business of extracting value from data through various monetization strategies. Enterprises are increasingly recognizing the value of their data and are seeking tools and processes to monetize it effectively. Business processes for data monetization include direct and indirect monetization, such as selling data to third parties or using it to enhance internal operations. Data monetization tools include AI, IoT, machine learning, and deep learning technologies, which enable the analysis and processing of large volumes of data. Business Intelligence (BI) and big data analytics are essential components of data monetization, providing insights to improve customer experience, sales and marketing, finance, and other areas. IT professionals play a crucial role in implementing data monetization strategies, ensuring data quality and structures are optimized for monetization. The market ecosystem includes various industries such as IT and telecom, energy and utilities, e-commerce, and finance. Data monetization can be implemented in the cloud or on-premise, offering flexibility to businesses. Direct data monetization involves selling data to third parties, while indirect monetization includes using data to enhance internal operations and customer service. Data monetization is transforming industries, from improving customer experience in e-commerce to optimizing operations in energy and utilities. The future of data monetization lies in the integration of advanced technologies and a customer-centric approach.

Market Research Overview

The Data Monetization Market refers to the business of extracting value from data through various processes and tools. Enterprises are leveraging data monetization to optimize business processes, enhance customer experience, and generate new revenue streams. Data monetization tools include AI, IoT, machine learning, and deep learning, among others, enabling Big Data analytics and Business Intelligence (BI). IT professionals focus on data structures and quality to ensure market ecosystem effectiveness. The Tools segment includes direct and indirect monetization processes, such as selling data to third parties or using it for internal purposes. Data types range from customer data to organizational data, with large enterprises and SMEs in various industry verticals, including telecommunication, healthcare, MSMEs, and e-commerce, adopting data monetization solutions. Digitization and enterprise rivalry drive the market, with cloud and on-premise solutions catering to diverse needs. Data monetization processes include internal and external monetization, impacting customer service, sales and marketing, finance, and more. Industries like IT and telecom, energy and utilities, and finance are significant contributors to the market’s growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSolutionServicePlatformBFSIE-commerce And RetailMedia And EntertainmentManufacturingOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hyundai Motor and Kia’s Robotics LAB Announce Plans to Launch ‘X-ble Shoulder’ at Wearable Robot Tech Day

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November 28, 2024

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Wearable robot ‘X-ble Shoulder’ to boost industrial efficiency and reduce musculoskeletal injuriesDesigned to assist overhead work by enhancing upper arm muscle strength, expected to find use in various industriesThe strong yet lightweight X-ble Shoulder enhances worker comfort by reducing shoulder load by 60% and muscle activity by 30%Hyundai Motor and Kia’s Robotics LAB announced commercialization plan for X-ble Shoulder, expected to begin deliveries in first half of 2025

SEOUL, South Korea, Nov. 27, 2024 /PRNewswire/ — Hyundai Motor Company and Kia Corporation have unveiled a reliable companion for industrial work, the wearable robot ‘X-ble Shoulder.’ This device, just by being worn, can increase workers’ efficiency and reduce musculoskeletal injuries. Two videos released on Hyundai Motor Group’s YouTube channel show the X-ble Shoulder in action, including product features and the development story.

Hyundai Motor and Kia unveiled the X-ble Shoulder at Wearable Robot Tech Day held at the Hyundai Motorstudio Goyang near Seoul. The X-ble brand — a combination of ‘X,’ symbolizing infinite potential, and ‘able,’ indicating that anything can be realized — heralds a new era in wearable technology.

The X-ble Shoulder, the first product in the X-ble line, is an industrial wearable robot developed by Hyundai Motor and Kia’s Robotics LAB. When used in ‘overhead work’ where the arm is raised, it can assist the user’s upper arm muscle strength and reduce the burden on the upper extremity musculoskeletal system.

The X-ble Shoulder will find use in various industries, including construction, shipbuilding, aviation and agriculture, not just automobiles. Following its domestic launch, the companies plan to gradually expand sales to overseas markets.

In addition to the X-ble Shoulder, Hyundai Motor and Kia plan to develop an industrial wearable robot ‘X-ble Waist’ to assist the waist when lifting heavy loads, and a medical wearable robot ‘X-ble MEX’ for the rehabilitation of the walking impaired.

“The X-ble Shoulder is a wearable robot that leverages the technical capabilities of the Robotics LAB and implements feedback from actual users,” said Dong Jin Hyun, Vice President and Head of Robotics LAB at Hyundai Motor and Kia. “Going forward, we aim to expand the availability of wearable robots, creating products that work naturally with users to enhance their daily lives. By pushing technological boundaries, we will make these beneficial products accessible to more people.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/hyundai-motor-and-kias-robotics-lab-announce-plans-to-launch-x-ble-shoulder-at-wearable-robot-tech-day-302317253.html

SOURCE Hyundai Motor Company; Kia Corporation

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SHEIN is launching the ULTIMATE Giftorium experience just in time for the Festive Season

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November 28, 2024

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MELBOURNE, Australia, Nov. 28, 2024 /PRNewswire/ — Global fashion giant SHEIN will bring the ultimate Giftorium experience to life, right in time for the festive season.

The SHEIN Giftorium will arrive at Oz Comic-Con Melbourne Xmas Edition for an unmissable experience December 7-8th. On offer will be a vibrant collection of beauty, fashion, home & living products – free and redeemable through participation in various games available at the activation – alongside experiences that will showcase SHEIN’s one-stop-shop range of on-trend and affordable products perfect for Holiday gifting.

Oz Comic-Con is Australia’s premier pop culture event gathering fans of comics, movies, TV, anime, gaming, and more. A celebration of all things geek culture featuring exciting panels, cosplay competitions, and exclusive meet-and-greets with stars from the world of film, TV, and gaming.

Oz Comic-Con Melbourne Xmas attendees can immerse themselves in a range of SHEIN gifting essentials; Jewellery & Accessories, Home & Living, Office & School Supplies, Toys & Games, and Beauty & Health throughout the SHEIN Giftorium. As well as SHEGLAM being a hero moment.

“Our SHEIN Giftorium experience at Oz Comic-Con will provide attendees the unique experience of selecting their favourite items and festive gifts, whether for themselves or loved ones, through engaging and interactive experiences,” said a SHEIN Spokesperson.

“Our aim is to connect face-to-face with consumers, with no sales functions taking place at the event itself, the goal is to engage directly with attendees and showcase our range of ultimate Christmas gifting.

“But the experience doesn’t end there – on display will be a select range of key items as a part of the Giftoirum event, however, online is where all our Australian customers can look to dive into the full range available across SHEIN for festive gifting.

“Our customers will find everything under the sun related to fashion and lifestyle, all at cost-effective prices. With an easy shopping process including free returns, customers can shop efficiently from anywhere,” said a SHEIN spokesperson.

With unstoppable style and unbeatable fits, the SHEIN Giftorum experience continues online with a wide product range spanning fashion & beauty, home & lifestyle, accessories, kids, toys & games, electronics & tech accessories, office & school supplies – and so much more.

The extensive range ensures that Aussies can find something special for everyone on the list, making holiday shopping a breeze. Embrace the convenience and variety SHEIN offers and make this Christmas memorable with gifts that delight and inspire.

SHEIN Giftorium at Oz Comic-Con Melbourne Xmas Edition December 7-8, Melbourne Convention & Exhibition Centre: ozcomiccon.com/melbourne-xmas-edition/*

Shop SHEIN for Holiday gift guide ideas: https://au.shein.com/

View original content:https://www.prnewswire.com/apac/news-releases/shein-is-launching-the-ultimate-giftorium-experience-just-in-time-for-the-festive-season-302317926.html

SOURCE SHEIN

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Appian Announces 2024 APJ Partner Award Winners

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November 28, 2024

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Recognising WNS-Vuram, Deloitte, Cognizant, KPMG, Accenture, and Via Appia for delivering process excellence

SYDNEY, Nov. 28, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today unveiled the recipients of its 2024 Asia-Pacific and Japan (APJ) Partner Awards, recognising industry excellence across six categories. The awards celebrate high-impact and committed partners who have contributed to growth in customer engagements. In addition, winners have delivered transformational value with the Appian Platform. This year’s winners have created world-class solutions and services across industries and represent another strong year for Appian’s partnership network.

“We are thrilled to celebrate our partners and the significant role they play in transforming businesses across APJ,” said Steve Gillett, Regional Vice President, APJ Alliances at Appian. “The Appian Partner Awards highlight the tremendous impact our partners have on organisations in the region, showcasing their expertise and dedication. These partners have shown unwavering commitment to deliver outstanding value to our shared customers.”

The annual APJ Partner Awards celebrate strategic partners who exemplify leadership in driving transformation with Appian. These awards honour partners who are not only expanding Appian’s reach but also setting new benchmarks for delivering impactful solutions across the region. This year’s winners were announced at Appian’s 2024 Partner Celebration Event in Sydney.

Delivery Award Winner: WNS-Vuram
WNS-Vuram has developed many customer solutions with speed, precision, and quality. This is reflected in their remarkable growth in the region, including significant expansions within the insurance and logistics sectors, as well as their impressive CSAT score of 9.3/10. With a robust team of certified developers, WNS-Vuram remains the largest delivery partner across APJ, seamlessly executing projects and ensuring superior, client-centric outcomes.

Growth Award Winner: Deloitte
Deloitte Australia has shown exceptional commitment to accelerating Appian’s growth through strategic investments with a dedicated alliance structure and industry expertise. Driven by strong executive support and a focused vision, Deloitte has quickly built and expanded its Appian practice. The firm has established the platform as a foundational technology for transformation initiatives in the public sector, financial services, energy, and other key industries. With a dedicated alliance lead and experienced partner leads in place, Deloitte has collaborated closely with Appian to develop go-to-market strategies that identify new growth opportunities and expand Appian’s reach across Australia.

Innovation Award Winner: Cognizant
Cognizant has distinguished itself as an innovation leader by embracing a forward-thinking, customer-centric approach to expanding Appian’s reach. A key element of Cognizant’s approach is their “Agility Layer” go-to-market campaign, reinforcing Appian’s reputation as a highly adaptable platform to help organisations quickly adjust to evolving business demands. Additionally, Cognizant’s specialised grants management Appian solution showcases its technical expertise and vision for solving industry-specific challenges, particularly in the government and public sectors.

Transformation Award Winner: KPMG
KPMG has been an exceptional leader in driving transformational change by integrating Appian into its core methodologies, specifically within the “Connected Enterprise” and “Powered Transformation” go-to-market strategies. By positioning Appian as a key enabling technology, KPMG has empowered organisations to streamline processes and enhance agility to help customers achieve faster, more sustainable outcomes.

Value Award Winner: Accenture
Accenture has played a pivotal role in driving Appian adoption for enterprise-scale digital transformation. Accenture has supported significant wins across key sectors and delivered transformative outcomes in financial services, insurance, and the public sector. Committed to furthering this success, Accenture has set an ambitious goal to double its Appian business in FY25, with plans to expand its delivery team to meet growing demand.

Channel Partner of the Year Award Winner: Via Appia
Via Appia has shown its dedication to expanding Appian’s presence across the APJ region, delivering solutions that consistently meet and exceed client expectations while driving impactful results. By leveraging deep expertise and a customer-centric approach, Via Appia has built a trusted reputation as a go-to partner, fostering long-term client relationships that amplify Appian’s impact in the region.

About Appian
Appian is a software company that orchestrates business processes. The Appian Platform empowers leaders to design, automate, and optimize important processes from start to finish. With our industry-leading platform and commitment to customer success, Appian is trusted by top organizations to drive transformational process change. For more information, visit appian.com. [Nasdaq: APPN]

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View original content:https://www.prnewswire.com/apac/news-releases/appian-announces-2024-apj-partner-award-winners-302317927.html

SOURCE Appian

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