The Global Data Enrichment Solutions Market Size accounted for USD 1.7 Billion in 2021 and is projected to occupy a market size of USD 3.5 Billion by 2030 growing at a CAGR of 8.5% from 2022 to 2030.
Data enrichment is the process of combining third-party data from an external independent source with a previous database of first-party customer data. Data enrichment improves the utility of raw data. Brands gain a better understanding of their customers' lives by incorporating data from a third party. The enriched data results are richer and more detailed, allowing brands to customize their messaging since they recognize better about their customers. The growing need to extract meaningful data from massive datasets is propelling the global data enrichment solutions market forward. Contact enrichment, geographic enrichment, behavioral enrichment, and demographic enrichment are some of the widely used forms of data enrichment.
Data Enrichment Solutions Market Report Statistics
- Global data enrichment solutions market revenue is projected to reach USD 3.5 Billion by 2030 with a CAGR of 8.5% from 2022 to 2030
- According to the latest stats, 2.5 quintillion bytes of data are generated globally each day
- According to current estimates, the world contains more than 44 zettabytes of data
- North America data enrichment solutions market share generated over US$ 765 million in revenue in 2021
- Asia-Pacific data enrichment solutions market growth will record a CAGR of around 10% from 2022 to 2030
- Based on deployment mode, the on-premise sub-segment achieved USD 935 million in revenue in 2021
- Among enterprise size, the large enterprise sub-segment occupied US$ 1,105 million income in 2021
- Increasing demand from social media apps is a prominent data enrichment solutions market trend that drives the industry demand
Global Data Enrichment Solutions Market Dynamics
Market Drivers
- Rapidly growing volume of data in the world
- Increasing demand to extract meaningful data
- Implementation of big data analytics
Market Restraints
- Lack of knowledge about these solutions
- Concerns associated with privacy and security
Market Opportunities
- Increasing investments in data analytics software and services
- Growth in internet and smartphone users
Data Enrichment Solutions Market Report Coverage
| Market |
Data Enrichment Solutions Market |
| Data Enrichment Solutions Market Size 2021 |
USD 1.7 Billion |
| Data Enrichment Solutions Market Forecast 2030 |
USD 3.5 Billion |
| Data Enrichment Solutions Market CAGR During 2022 - 2030 |
8.5% |
| Data Enrichment Solutions Market Analysis Period |
2018 - 2030 |
| Data Enrichment Solutions Market Base Year |
2021 |
| Data Enrichment Solutions Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Deployment, By Enterprise Size, By Industry Vertical, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Accenture, Anchor Computer, Blackbaud, Inc., GCL, Clearbit, CrowdSource, CVM Solutions, Datanyze, DemandShore Solutions Private Limited, Engage48, Experian, Exegy, Inc., HMS Contact Centers, Informatica US, Oracle Corporation, and Urbano.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Data Enrichment Solutions Market Growth Factors
Data is one of the company's most valuable assets. End users should have confidence in their firms' data and use it to make business decisions; enriching data enables data consumers to gain more meaning than raw data would otherwise provide. Data enrichment enables businesses to make data more noteworthy and trustworthy for users. When organizations enhance their data, they add value to it by making it more useful and gaining a better understanding of their customers, letting them personalize products & services to their needs.
Data enrichment keeps businesses from experiencing data decay as a result of old and unnecessary data records. It allows them to increase the quality and value of their datasets while also gaining valuable insights from them. Data enrichment reduces the time and effort needed to perform the work since it allows for smart automation. Data enrichment solutions reveal information about various business dealings. Such solutions assist organizations’ sales and marketing teams in providing excellent engagement. As a result, all of these aspects are anticipated to fuel market growth throughout the projected years from 2022 to 2030.
However, a lack of awareness among end-users, particularly in emerging markets, may limit the market value of data enrichment solutions. Furthermore, these solutions frequently face data privacy issues. As a result, market growth is expected to slow from 2022 to 2030.
Data Enrichment Solutions Market Segmentation
The global data enrichment solutions market is segmented based on deployment mode, enterprise size, industry vertical, and geography.
Data Enrichment Solutions Market By Deployment Mode
Based on our data enrichment solutions industry analysis, the on-premise deployment mode accounted for a significant market share in 2021. On-premise deployments provide organizations with greater flexibility and control over their IT infrastructure, reducing their reliance on the internet and managing business data from potential losses and fraud. However, cloud adoption is said to have increased recently as a result of vendors using Software-as-a-Service (SaaS) to deliver cloud-based solutions.
Data Enrichment Solutions Market By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
In 2021, large enterprises dominated the market with a noteworthy share and are projected to continue their dominance throughout the forecasted years from 2022 to 2030. The growing implementation of data analytics solutions for efficiently managing large databases of customers and assets in large enterprises can be attributed to the segment's growth. Yet, small & medium enterprises are expected to grow at the fastest rate due to the increasing investments in new technologies.
Data Enrichment Solutions Market By Industry Vertical
- BFSI
- IT & Telecommunication
- Healthcare
- Transportation and Logistics
- Construction
- Energy and Utilities
- Manufacturing
- Others
In terms of revenue, BFSI will continue to be the most profitable industry for data enrichment solution sales, despite growing at a slower rate than other market verticals through 2022. This is primarily due to the widespread use of data enrichment solutions in the BFSI industry for detecting fraud, managing risks, and optimizing processes. On the other hand, the healthcare sub-segment is anticipated to witness a substantial growth rate in the coming years.
Data Enrichment Solutions Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Data Enrichment Solutions Market Regional Analysis
In 2021, North America is leading the global data enrichment solutions industry and is expected to do the same in the coming years. The data enrichment solution in the region is highly effective because of the increasing need to provide businesses with a way to operationalize and get more value from data assets, advanced analytics solutions, and services. The regional market's expansion is being driven by the region's widespread introduction of big data analytics tools and solutions. Furthermore, several enterprises in the region are heavily investing in customer analytics in order to improve productivity and business efficiency.
Data Enrichment Solutions Market Players
Some of the leading data enrichment solutions companies include Accenture, Anchor Computer, Blackbaud, Inc., GCL, Clearbit, CrowdSource, CVM Solutions, Datanyze, DemandShore Solutions Private Limited, Engage48, Experian, Exegy, Inc., HMS Contact Centers, Informatica US, Oracle Corporation, and Urbano.
CHAPTER 1. Industry Overview of Data Enrichment Solutions Market
1.1. Definition and Scope
1.1.1. Definition of Data Enrichment Solutions
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Data Enrichment Solutions Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Data Enrichment Solutions Market By Deployment
1.2.3. Data Enrichment Solutions Market By Enterprise size
1.2.4. Data Enrichment Solutions Market By Industry Vertical
1.2.5. Data Enrichment Solutions Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Data Enrichment Solutions Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Data Enrichment Solutions Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Data Enrichment Solutions Market By Deployment
4.1. Introduction
4.2. Data Enrichment Solutions Market Revenue By Deployment
4.2.1. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast, By Deployment, 2018-2030
4.2.2. Cloud-Based
4.2.2.1. Cloud-Based Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. On-Premise
4.2.3.1. On-Premise Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. Data Enrichment Solutions Market By Enterprise size
5.1. Introduction
5.2. Data Enrichment Solutions Market Revenue By Enterprise size
5.2.1. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast, By Enterprise size, 2018-2030
5.2.2. Large Enterprises
5.2.2.1. Large Enterprises Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. SMEs
5.2.3.1. SMEs Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. Data Enrichment Solutions Market By Industry Vertical
6.1. Introduction
6.2. Data Enrichment Solutions Market Revenue By Industry Vertical
6.2.1. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast, By Industry Vertical, 2018-2030
6.2.2. BFSI
6.2.2.1. BFSI Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. IT & Telecommunication
6.2.3.1. IT & Telecommunication Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.4. Healthcare
6.2.4.1. Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.5. Transportation and Logistics
6.2.5.1. Transportation and Logistics Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.6. Manufacturing
6.2.6.1. Manufacturing Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.7. Construction
6.2.7.1. Construction Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.8. Energy and Utilities
6.2.8.1. Energy and Utilities Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.9. Retail and Consumer Goods
6.2.9.1. Retail and Consumer Goods Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.10. Others
6.2.10.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. North America Data Enrichment Solutions Market By Country
7.1. North America Data Enrichment Solutions Market Overview
7.2. U.S.
7.2.1. U.S. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
7.2.2. U.S. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
7.2.3. U.S. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
7.3. Canada
7.3.1. Canada Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
7.3.2. Canada Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
7.3.3. Canada Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
7.4. North America PEST Analysis
CHAPTER 8. Europe Data Enrichment Solutions Market By Country
8.1. Europe Data Enrichment Solutions Market Overview
8.2. U.K.
8.2.1. U.K. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.2.2. U.K. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.2.3. U.K. Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.3. Germany
8.3.1. Germany Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.3.2. Germany Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.3.3. Germany Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.4. France
8.4.1. France Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.4.2. France Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.4.3. France Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.5. Spain
8.5.1. Spain Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.5.2. Spain Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.5.3. Spain Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.6. Rest of Europe
8.6.1. Rest of Europe Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.6.2. Rest of Europe Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
8.6.3. Rest of Europe Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.7. Europe PEST Analysis
CHAPTER 9. Asia-Pacific Data Enrichment Solutions Market By Country
9.1. Asia-Pacific Data Enrichment Solutions Market Overview
9.2. China
9.2.1. China Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.2.2. China Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.2.3. China Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.3. Japan
9.3.1. Japan Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.3.2. Japan Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.3.3. Japan Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.4. India
9.4.1. India Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.4.2. India Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.4.3. India Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.5. Australia
9.5.1. Australia Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.5.2. Australia Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.5.3. Australia Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.6. South Korea
9.6.1. South Korea Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.6.2. South Korea Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.6.3. South Korea Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.7.2. Rest of Asia-Pacific Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
9.7.3. Rest of Asia-Pacific Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.8. Asia-Pacific PEST Analysis
CHAPTER 10. Latin America Data Enrichment Solutions Market By Country
10.1. Latin America Data Enrichment Solutions Market Overview
10.2. Brazil
10.2.1. Brazil Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.2.2. Brazil Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.2.3. Brazil Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.3. Mexico
10.3.1. Mexico Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.3.2. Mexico Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.3.3. Mexico Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.4. Rest of Latin America
10.4.1. Rest of Latin America Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.4.2. Rest of Latin America Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
10.4.3. Rest of Latin America Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Data Enrichment Solutions Market By Country
11.1. Middle East & Africa Data Enrichment Solutions Market Overview
11.2. GCC
11.2.1. GCC Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.2.2. GCC Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
11.2.3. GCC Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.3. South Africa
11.3.1. South Africa Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.3.2. South Africa Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
11.3.3. South Africa Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.4.2. Rest of Middle East & Africa Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Enterprise size, 2018-2030
11.4.3. Rest of Middle East & Africa Data Enrichment Solutions Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Data Enrichment Solutions Market
12.1. Data Enrichment Solutions Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Data Enrichment Solutions Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. Accenture
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Billion), 2021
13.1.3.2. Accenture 2021 Data Enrichment Solutions Business Regional Distribution
13.1.4. Product /Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. Anchor Computer
13.3. Blackbaud, Inc.
13.4. GCL
13.5. Clearbit
13.6. CrowdSource
13.7. CVM Solutions
13.8. Datanyze
13.9. DemandShore Solutions Private Limited
13.10. Engage48
13.11. Experian
13.12. Exegy, Inc.
13.13. HMS Contact Centers
13.14. Informatica US
13.15. Oracle Corporation
13.16. Urbano
