Market Forecast by Countries (United States, Canada), By Component (Tools, Services, Consulting, Support and Maintenance, Implementation and Integration), By Data Type (Customer Data, Product Data, Financial Data, Supplier Data), By Business Function (Supply Chain Management, Sales and Marketing, Operations, Finance, Others (Legal, R&D, and HR)), By Deployment Type (On-premises, Cloud), By Industry Vertical (BFSI, Telecom, Consumer Goods and Retail, Media and Entertainment, Manufacturing, Transportation and Logistics, Energy and Utilities, Healthcare), By Organization Size (Small and Medium-Sized Enterprises(SMEs), Large Enterprises) And Competitive Landscape
Product Code: ETC4620982 | Publication Date: Jul 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Data Monetization Market |
Forecast period | 2025-2031 |
CAGR | 5.4% |
Growing Sector | BFSI |
North America Data Monetization Market was valued at USD 2856.6 million and is expected to reach USD 4815.3 million , growing at a CAGR of around 5.4% from 2025-2031. The North America data monetization market is expected to grow significantly, driven by the increasing adoption of advanced analytics, big data technologies, and IoT across industries such as retail, healthcare, finance, and telecommunications. Data monetization involves leveraging data as an asset to generate revenue, either through direct sales or by optimizing business processes and customer experiences. The U.S. dominates the market, supported by its robust digital infrastructure, high volume of data generated, and strong presence of technology-driven enterprises, while Canada contributes with its growing focus on data-driven innovation and digital transformation.
Key drivers of growth include the rising demand for actionable insights, advancements in artificial intelligence (AI) and machine learning (ML) technologies, and the proliferation of cloud-based platforms enabling data sharing and monetization. Additionally, the growing value of consumer data for personalized marketing and the increasing use of data marketplaces support market expansion. As businesses seek to harness the economic potential of their data assets, the North America data monetization market is poised for substantial growth in the coming years.
North America Data Monetization Market report thoroughly covers the market by countries, component, data type, business function, deployment type, industry vertical and organization size. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America data monetization market has been experiencing prominent growth and will rise more. The increasing adoption of big data analytics and the growing trend of digital transformation are primary factors driving the market growth in this region. Data monetization involves converting raw data into valuable insights that can be sold or used for generating revenue. This process has gained traction as companies across various industries realize the potential of their data assets.
According to 6Wresearch, North America Data Monetization Market size is expected to grow at a significant CAGR of 5.4% during 2025-2031. One of the major drivers for the growth of the North America data monetization market is the rise in demand for analytics solutions among businesses. Companies are increasingly leveraging data analytics to gain insights into customer behavior, improve decision-making processes and identify new revenue opportunities. The availability of advanced tools and platforms for data monetization has also contributed to the market growth.
Despite the promising growth prospects, the North America data monetization market still faces some challenges. Data privacy and security concerns have become a major issue in this region, with stringent regulations such as GDPR and CCPA governing the collection, storage, and use of personal data. This has led to a cautious approach towards data sharing among businesses, hindering the growth of the data monetization market.
Some of the key players operating in the North America data monetization market include IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, and Teradata Corporation. These companies are constantly investing in research and development to enhance their data monetization capabilities and cater to the evolving needs of their clients.
Governments across North America are recognizing the value of data as a strategic asset and are taking steps to facilitate its usage within their respective countries. For example, in the United States, the Department of Commerce launched an initiative called "Data for Now" to encourage organizations to share and utilize data more effectively. Through this program, they hope to foster innovation and economic growth through the use of data.
Similarly, in Canada, the government has launched the "Open Data Exchange" to promote open and transparent access to data. This initiative aims to help businesses capitalize on the value of data and drive economic growth.
According to Ravi Bhandari, Research Head, 6Wresearch, the demand for data monetization products is growing in all both the countries of North America,. This is due to the increasing recognition of the value of data and the government initiatives in promoting its use. In the United States, for example, the government has launched programs such as "Data.gov" to make public data more accessible. Similarly, in Canada, the "Open Data Exchange" initiative aims to promote open and transparent access to data.
The financial data segment is expected to witness significant growth in the North America data monetization market. This can be attributed to the increasing demand for advanced analytics and insights from financial data by various industries such as banking, insurance, and investment firms.
BFSI (Banking, Financial Services, and Insurance) is one such sector that has significantly invested in data monetization to improve customer experience and increase revenue through personalized offerings. With the use of advanced analytics and machine learning techniques, BFSI companies can analyze customer spending patterns, identify potential risks, and offer tailored financial products. T
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Data Monetization Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Data Monetization Market Revenues & Volume, 2021 & 2031F |
3.3 North America Data Monetization Market - Industry Life Cycle |
3.4 North America Data Monetization Market - Porter's Five Forces |
3.5 North America Data Monetization Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Data Monetization Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.7 North America Data Monetization Market Revenues & Volume Share, By Data Type , 2021 & 2031F |
3.8 North America Data Monetization Market Revenues & Volume Share, By Business Function, 2021 & 2031F |
3.9 North America Data Monetization Market Revenues & Volume Share, By Deployment Type, 2021 & 2031F |
3.10 North America Data Monetization Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
3.11 North America Data Monetization Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
4 North America Data Monetization Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Data Monetization Market Trends |
6 North America Data Monetization Market, 2021 - 2031 |
6.1 North America Data Monetization Market, Revenues & Volume, By Component , 2021 - 2031 |
6.2 North America Data Monetization Market, Revenues & Volume, By Data Type , 2021 - 2031 |
6.3 North America Data Monetization Market, Revenues & Volume, By Business Function, 2021 - 2031 |
6.4 North America Data Monetization Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
6.5 North America Data Monetization Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
6.6 North America Data Monetization Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
7 United States Data Monetization Market, 2021 - 2031 |
7.1 United States Data Monetization Market, Revenues & Volume, By Component , 2021 - 2031 |
7.2 United States Data Monetization Market, Revenues & Volume, By Data Type , 2021 - 2031 |
7.3 United States Data Monetization Market, Revenues & Volume, By Business Function, 2021 - 2031 |
7.4 United States Data Monetization Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
7.5 United States Data Monetization Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
7.6 United States Data Monetization Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
8 Canada Data Monetization Market, 2021 - 2031 |
8.1 Canada Data Monetization Market, Revenues & Volume, By Component , 2021 - 2031 |
8.2 Canada Data Monetization Market, Revenues & Volume, By Data Type , 2021 - 2031 |
8.3 Canada Data Monetization Market, Revenues & Volume, By Business Function, 2021 - 2031 |
8.4 Canada Data Monetization Market, Revenues & Volume, By Deployment Type, 2021 - 2031 |
8.5 Canada Data Monetization Market, Revenues & Volume, By Industry Vertical, 2021 - 2031 |
8.6 Canada Data Monetization Market, Revenues & Volume, By Organization Size, 2021 - 2031 |
9 North America Data Monetization Market Key Performance Indicators |
10 North America Data Monetization Market - Opportunity Assessment |
10.1 North America Data Monetization Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Data Monetization Market Opportunity Assessment, By Component , 2021 & 2031F |
10.3 North America Data Monetization Market Opportunity Assessment, By Data Type , 2021 & 2031F |
10.4 North America Data Monetization Market Opportunity Assessment, By Business Function, 2021 & 2031F |
10.5 North America Data Monetization Market Opportunity Assessment, By Deployment Type, 2021 & 2031F |
10.6 North America Data Monetization Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10.7 North America Data Monetization Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
11 North America Data Monetization Market - Competitive Landscape |
11.1 North America Data Monetization Market Revenue Share, By Companies, 2024 |
11.2 North America Data Monetization Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |