The business-to-consumer, or B2C, data services market is forecast to reach $24.1 billion by 2022, up from $15.4 billion in 2017, at a compound annual growth rate (CAGR) of 9.4%, according to a new report from MarketsandMarkets (M&M). The report, "B2C Data Services Market by Application (CRM, Loyalty & Fraud Management, Catalog Management, and Order Management), Organization Size, Deployment Mode, Industry Vertical (Telecom & IT, BFSI, Retail, and Healthcare), and Region - Global Forecast to 2022", segments the B2C data services market by application, organization size, deployment mode, industry vertical, and region.
B2C data services is a term used to describe the electronic commerce between businesses and consumers. This type of data service is typically delivered through an online portal, and can include things like online shopping, bill payment, and banking.
The data services industry is booming and is expected to continue to grow in the coming years. This is good news for businesses who rely on data services to run their operations. With the right data services in place, businesses can run more efficiently and effectively.