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Customer Data Platform Market Evolving Technology, Trends and Demand 2021- Signal, SAS Institute, TreasureData, Amperity, Salesforce, Ascent360, BlueConic

01-06-2022 11:54 AM CET | IT, New Media & Software

Press release from: Market Insights Reports

Customer Data Platform Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

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Customer Data Platform Market is expected to register a CAGR of 32% over the forecast period 2021 to 2026

Markets Segmentation:

Top leading Companies Profiled in Customer Data Platform Market Report are Signal, SAS Institute, TreasureData, Amperity, Salesforce, Ascent360, BlueConic, AgilOne, Fospha, Lytics, Segment, SAP, IgnitionOne, Zaius, Tealium, mParticle, Ensighten, Usermind, NGDATA, ActionIQ, Reltio, Oracle, Nice, Evergage, Adobe

News and Recent Developments

SAP Launches SAP Customer Data Platform to Enable Enterprises to Meet the Customer in the Moment- SAP SE (NYSE: SAP) today announced the global launch of SAP Customer Data Platform, a next-generation customer data platform (CDP) that aims to allow organizations to redefine the customer experience across every engagement, from commerce and marketing to sales and service

Treasure Data Announces New Vision Beyond Marketing with Launch of 'CDP for Service'- Treasure Data™, the leading enterprise customer data platform (CDP), today announced the global launch of CDP for Service, the first in a new suite of solutions for applications beyond marketing. Designed to power exceptional customer experiences and build trust in the age of the digital consumer, the new platform unifies privacy-protected data across all customer touchpoints, empowering customer service teams with real-time data and insights needed to personalize and optimize every interaction

Market Overview

A Customer Data Platform (CDP) is a packaged software that integrates and organizes customer data from various sources such as CRM, transactional systems, email, and social media activity, etc. and is used by other methods, software, and marketing efforts. The platform collects and structures real-time data into individual, centralized customer profiles and helps organizations to understand their customers. The solutions (Customer Retention and Engagement, Predictive Analytics, and Personalized Recommendations) offered by the platform are covered under the geographical trends.

Customer Data Platform (CDP) is a marketer-based management system. It creates a persistent, unified customer database that is accessible to other systems. Data is pulled from multiple sources, cleaned and combined to create a single customer profile. This structured data is then made available to other marketing systems. CDP provides real-time segmentation for personalized marketing.

Regional Analysis

 

North America contributes to the highest market share in the global market due to the presence of major players like Salesforce, Oracle, etc.and providers of customer data platform as a sub product. Moreover, the marketers and brands in the region have been the early adopters of CDPs.

The industries in the United States, such as BFSI, Retail, and eCommerce, are adopting this platform at a higher pace due to the increased focus towards increased customer satisfaction and provide better-personalized experiences. For instance, U.S. Bank partnered with Salesforce to personalize its offering and to improvise the customer relationship with the bank.

Market Segmented By Types

Personalized Recommendations

Predictive Analytics

Marketing Data Segmentation

Customer Retention and Engagement

Security Management

Others (Data Enrichment and Data Monetization)

Market Segmented By Applications

Digital Media

BFSI

Manufacturing

Retail & CPG

Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Industry Recent Developments and Updates

In February 2020 - Salesforce.com Inc. completed the acquisition of Massachusetts based company Evergage Inc. which is a customer data platform company along with in-depth behavioral analytics with machine learning. The acquisition will help Salesforce to extend its portfolio along with advanced solutions.

In October 2019 - Oracle Inc. acquired CrowdTwist, a cloud-based customer loyalty solution provider based in New York. The acquisition will help the company to offer personalized engagement along with loyalty and reward programs.

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Key Takeaways from Customer Data Platform Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Customer Data Platform market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Customer Data Platform market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Customer Data Platform

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In conclusion, the Customer Data Platform market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Customer Data Platform Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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