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Industry Landscape
The data and information services industry is currently experiencing rapid growth, driven by increasing demand for actionable insights and personalized experiences. Key trends include the proliferation of big data, AI/ML integration for enhanced analytics, and a heightened focus on data privacy regulations. Companies are leveraging diverse data sources to provide comprehensive solutions across various sectors.
Total Assets Under Management (AUM)
Data Analytics Market Size in United States
~$133.04 billion (2023)
(13.6% CAGR)
This includes software, hardware, and services related to data analytics. It is driven by the increasing volume of data, the need for real-time insights, and the adoption across various industries.
Total Addressable Market
328.75 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Generative AI for Data Synthesis
Generative AI can create synthetic yet realistic datasets for training models and simulating scenarios, enhancing data availability and privacy.
Homomorphic Encryption
This technology allows computations on encrypted data without decrypting it, offering unprecedented privacy for sensitive information in data services.
Decentralized Identity (DID)
DID provides individuals with self-sovereign control over their digital identities, transforming how personal data is shared and verified securely.
Impactful Policy Frameworks
California Privacy Rights Act (CPRA) 2023
The CPRA, effective January 1, 2023, expands upon the CCPA, granting consumers more control over their personal information and establishing the California Privacy Protection Agency (CPPA) to enforce these rights.
This necessitates Scalable Commerce to enhance data subject access rights, implement stricter data sharing controls, and potentially re-evaluate data collection practices, especially concerning sensitive personal information.
American Data Privacy and Protection Act (ADPPA) (Proposed)
The ADPPA is a comprehensive federal privacy bill proposed in 2022 aimed at establishing a national standard for data privacy, including provisions for data minimization, opt-out rights, and civil rights protections.
If enacted, this would require Scalable Commerce to standardize its data handling practices across states, potentially leading to significant operational changes in data collection, processing, and consumer consent mechanisms.
State-level Data Broker Laws (e.g., Vermont Data Broker Law 2018, California's Delete Act 2023)
Several U.S. states have enacted laws requiring data brokers to register, provide information about their data collection practices, and in some cases, offer consumers an easier way to delete their information.
Scalable Commerce, as a data aggregator, must comply with varying state-specific registration requirements and potentially implement new mechanisms for consumers to opt-out or delete their data from their databases.
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