Data Enrichment Solutions Market is forecasted to reaching nearly USD 3.36 Bn. for 2030

(IT-NEWSWIRE.COM, August 01, 2024 ) As per Maximize Market research, the Data Enrichment Solutions Market size was valued at USD 1.92 Bn. in 2023, and revenue is expected to grow by 8.3 percent from 2024 to 2030, reaching nearly USD 3.36 Bn.

The Data Enrichment Solutions Market is energetic for enhancing sales and marketing engagement through improved data accuracy and quality. These solutions merge third-party data with existing customer databases, offering inclusive profiles for data analytics. They help businesses refine and reuse data to meet their goals, emphasizing the importance of data accuracy and quality.

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During 2018-2023, the market saw rapid advances across sectors, with North America leading due to high technology adoption and the presence of major enterprises. The COVID-19 pandemic initially delayed market growth but later accelerated digital transformation and automation adoption, which boosted the market. Data enrichment solutions are particularly significant in the US and Canada, where the presence of large enterprises and advanced technologies fuels demand.

Key drivers include the growing demand for accurate, relevant data to enhance customer experiences and business decisions. Still, challenges like lack of awareness in developing regions and privacy concerns could hinder growth. Even with these, opportunities abound in automating data enrichment processes to save time and enhance data utility.

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Data Enrichment Solutions Market Segmentation:

By Deployment

Cloud Based

On Premises

By Enterprise Size

SME’s

Large Enterprises

By End-User

BFSI

IT & Telecommunication

Retail

Manufacturing

Healthcare

Energy & Utilities

Transportation & Logistics

Construction

Others

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Data Enrichment Solutions Market Key Players:

Accenture

DemandShore Solutions

GCL

Anchor Computer

Clearbit

CrowdSource

Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:

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Data Enrichment Solutions Market is forecasted to reaching nearly USD 3.36 Bn. for 2030