Abstract: As the digital economy has become an important driving force for the economic growth of China, cultivating data production factors market is an inevitable requirement for further economic development. The development of digital economy and digital industry provides the basic conditions for the expansion of the data element market, but the data element market of China is still in the initial stage of development. In this paper, we review the concept and development status of the data element market. Based on key influencing factors such as data ownership, data classification, data security, and open sharing, we analyze the current difficulties and challenges of the development of the data element market. The operating mode and mechanism of the data element market are systematically discussed. We put forward advice on the development path of the data element market, which provides useful thinking for guiding the high-quality development of the data element market.

Key words: Data element, Data element market, Data transaction, Digital economy, Digital industry