How big is the data collection market | Market Trends, Size & Forecast

Q: What is the market size of the data collection market in 2025 and 2031?

The data collection market was valued at approximately USD 1.9 billion in 2024 and is projected to reach around USD 6.8 billion by 2031.

Q: What is the CAGR of the data collection market between 2025 and 2031?

The data collection market is anticipated to grow at a CAGR of 16.3% during the forecast period.

Q: What are the key trends in the data collection market?

Key trends of data collection market include the use of AI and edge computing, growing adoption of no-code data tools, and increased focus on data privacy and ethical sourcing

Q: What are the main drivers of the data collection market?

The data collection market is driven by digital transformation, real-time decision-making needs, expansion of IoT, and the rise in data-centric business models.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA5784

Publication Date: Jul 2025

What is the Data collection Market Size?

According to 6Wresearch internal database and industry insights, theData collection market was valued atUSD 1.9 billion in 2024 and is anticipated to exceedUSD 6.8 billion by 2031, registering a steady at aCAGR of 16.3% during the forecast period.

This market is estimated to have accelerated growth driven by growing need for real-time, actionable data to drive business intelligence, operational efficiency, and customer personalization. The expansion of digital transformation across industries, growing reliance on AI and machine learning models, and the rapid adoption of IoT devices are among the key growth enablers. Furthermore, the proliferation of cloud-based data collection tools and a heightened focus on data-driven strategies continue to fuel market demand.

Major Growth Factors of the Data collection Market

Rising demand for real-time analytics and insights
Increasing adoption of AI and ML in enterprise applications
Expansion of IoT and connected device networks
Growing popularity of customer behaviour tracking
Surge in big data and cloud-based platforms
Digital transformation across industries
Regulatory push for efficient data management
Need for enhanced operational efficiency and automation

Data collection Market Trends

The data collection market is driven by trends such as the integration of AI for smarter data harvesting, the use of edge computing for faster processing, and the development of no-code/low-code platforms to simplify data collection workflows. Businesses are increasingly emphasizing ethical data sourcing and user privacy compliance, while also leveraging mobile apps and sensors for on-the-go and remote data gathering.

Emerging Developments in the Data collection Market

The data collection market is influenced by innovation through automated data pipelines, decentralized data storage solutions, and API-first platforms for seamless integration. Partnerships between analytics providers and hardware sensor companies are enhancing real-time collection capabilities. Additionally, open-source tools and advancements in data anonymization are gaining traction to ensure compliance and scalability.