Press release
Data Management Platforms Market to Incur Value Growth at 13.0% CAGR During 2018-2026
Players Eyeing the Lucrative Markets in the Asian Continent for Sustained Revenue Growth
A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/13624
North America holds the highest value share in the global data management platforms market, with the market in SEA and Others of APAC projected to witness high growth in the coming decade. While U.S and Canada are slated to remain key markets for sustainable revenue generation in the global market for data management platforms, adoption of the latest technologies by companies in SEA and Others of APAC is pushing growth in revenue in these regional markets. Persistence Market Research further establishes the BRICS countries as potential markets for data management platforms in the coming years.
Companies operating in the global data management platforms market are targeting the growing markets in the Asia Pacific and Middle East & Africa regions to cement their footing in the global market and enhance business profitability. There is an increase in demand for innovative enterprise data management platforms across diverse industries in these regions and companies are coming up with new and enhanced solution offerings to capture the markets across these regions.
Cloud-based Data Management Platforms Witnessing Burgeoning Adoption across Global Enterprises
Ever since the cloud has proliferated the entire IT ecosystem, organizations have been quick in the adoption of cloud-based data management platforms as a viable and more effective alternative to on-premise systems. Heavy investments in cloud-based data management platforms are pushing revenues in the global data management platforms market, placing the market on an exponential growth trajectory. Cloud-based data management platforms provide more flexibility, scalability, agility, and increased ease of use and convenience. According to Persistence Market Research, cloud-based data management platforms are estimated to hold a whopping market share of about 85% towards the close of 2028.
Increasing Adoption of Data Management Platforms in the BFSI Sector to Fuel Revenue Growth of the Global Market
Rapid digitization of banking and financial services has led to the deployment of advanced data management platforms across the BFSI sector. Data management platforms enable banking and financial institutions to interact with and study the preferences of their target audience. By tracking customers’ past digital transactions, data management platforms facilitate a structured measurement of customer behavior and also provide centralized control over audience and campaign insights.
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Emerging Economies to Provide Lucrative Growth Opportunities to Data Management Platforms Vendors
The technology surrounding data management platforms, while fairly matured in the U.S and in certain countries of Europe, is at a nascent stage in emerging economies. However, several factors are anticipated to drive demand for and adoption of data management platforms in emerging regional markets:
Shift from campaign-based approach (with one-time collection of consumer data) to digital advertising (reuse of available data and information on consumer behavior)
Focus on niche customer segments that can be targeted using advanced data management platforms
Increase in advertising expenditure among business enterprises
To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/13624
These factors are expected to create new growth vistas in the emerging markets of Asia Pacific and Latin America for vendors in the global data management platforms market.
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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