Press release
Leading Growth Driver in the Customer Data Platforms Market in 2025: Growth In The Retail And E-Commerce Industry Drives The Customer Data Platform Market Driver's Influence
Customer Data Platforms Market Size
The expansion of the retail and e-commerce sectors is predicted to fuel the surge of the customer data platform market. E-commerce involves online buying and selling of goods and services, while the retail sector includes all businesses that offer goods and services to customers. A customer data platform (CDP) is beneficial for retail and e-commerce marketing as it makes data accessible for marketers, aiding in personalized and targeted marketing strategies. For example, the India Brand Equity Foundation, an export promotion agency of the Indian government, anticipates that India's e-commerce market will hit USD 111 billion by 2024 and USD 200 billion by 2026. The retail sector managed to regain 96% of its pre-COVID-19 sales in September 2021, propelled by consumers' increasing demand. Thus, the rise in the retail and e-commerce sectors will stimulate the growth of the customer data platforms market.
Get Your Customer Data Platforms Market Report Here:
https://www.thebusinessresearchcompany.com/report/customer-data-platforms-global-market-report
What growth opportunities are expected to drive the customer data platforms market's CAGR through 2034?
The market size of customer data platforms has witnessed exponential growth in the recent past. This market which was valued at $5.72 billion in 2024 is anticipated to expand to $7.39 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 29.2%. This growth during the historical period can be ascribed to various elements including the growing significance of customer-focused strategies, proliferation of data sources, the surge in digital transformation initiatives, heightened emphasis on the customer experience (CX), regulatory amendments, and concerns around data privacy.
The market for customer data platforms is projected to grow significantly over the next several years, reaching $23.98 billion by 2029, with a robust compound annual growth rate (CAGR) of 34.2%. Numerous factors contribute to this predicted growth in the forecasted period, such as the increased need for real-time personalization, the rising significance of unified customer profiles, the emergence of subscription-based business models, the requirement for upgraded cross-channel marketing capabilities, and more robust data governance and security initiatives. Noteworthy trends for the forecast period involve the evolving vendor terrain for CDPs, cross-channel personalization, customization, flexibility, a surge in customer analytics demand, and the advent of cloud-native CDPs.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6860&type=smp
What are the emerging trends shaping the future of the customer data platforms market?
The increasing popularity of AI-infused customer data platforms is a significant trend in the customer data platform market. The use of robust artificial intelligence and customer analytics tools, along with solid data architectures, enhance user experience and stimulate brand loyalty and growth. Major market players are devoting their focus on these AI-driven customer data platforms to boost their market performance. For instance, Salesforce, a US firm known for its customer relationship management software, in June 2023, launched the AI Cloud. This holistic suite is designed to amplify customer experiences utilizing artificial intelligence. It incorporates various AI functionalities into Salesforce's range of products, allowing companies to analyze data and offer personalized interactions on a large scale.
Which growth-oriented segments of the customer data platforms market are leading the industry's development?
The customer data platforms market covered in this report is segmented -
1) By Type: Analytics, Access, Campaign
2) By Component: Solutions, Services
3) By Deployment Mode: Cloud, On-Premises
4) By Organization Size: Large Enterprises, Small And medium-Sized Enterprises (SMEs)
5) By End-User: Banking, Financial Services And Insurance (BFSI), Retail And E-commerce, IT And Telecom, Healthcare, Manufacturing, Media And Entertainment, Other End-Users
Subsegments:
1) By Analytics: Predictive Analytics, Descriptive Analytics, Prescriptive Analytics
2) By Access: Data Integration Tools, Data Management Tools, Data Security Tools
3) By Campaign: Campaign Management Tools, Customer Journey Mapping Tools, A Or B Testing Tools
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6860
What regions are leading the charge in the customer data platforms market?
North America was the largest region in the customer data platform market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the customer data platforms market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the customer data platforms market?
Major companies operating in the customer data platforms market include Oracle Corporation, SAP SE, Adobe Inc., Salesforce Inc., Microsoft Corporation, SAS Institute, Teradata, Nice Systems Ltd., Dun & Bradstreet, Leadspace, BlueVenn, BlueConic Inc., Terminus, Tealium Inc., Agilone LLC, mParticle Inc., Segment. Io Inc., CaliberMind, Celebrus, Ascent360 Inc., Lytics Inc., ActionIQ Inc., Optimove, Exponea Ltd., Ensighten Inc., Twilio Inc., Acquia Inc., Zeta Global Corp, Totango, Insider
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=6860&type=smp
What Is Covered In The Customer Data Platforms Global Market Report?
•Market Size Forecast: Examine the customer data platforms market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the customer data platforms market for a structured understanding.
•Key Players Overview: Analyze major players in the customer data platforms market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the customer data platforms market.
•Segment Contributions: Evaluate how different segments drive overall growth in the customer data platforms market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the customer data platforms market.
•Industry Challenges: Identify potential risks and obstacles affecting the customer data platforms market.
•Competitive Landscape: Review strategic developments in the customer data platforms market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Leading Growth Driver in the Customer Data Platforms Market in 2025: Growth In The Retail And E-Commerce Industry Drives The Customer Data Platform Market Driver's Influence here
News-ID: 3880034 • Views: …
More Releases from The Business Research Company
2025-2034 Superconducting Quantum Chip Market Outlook: Key Drivers, Emerging Cha …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Superconducting Quantum Chip Market Through 2025?
The market size of superconducting quantum chips has shown a swift expansion in the past few years. It's forecasted to surge from a value of $0.74 billion in 2024, reaching $0.87 billion in 2025, with a…
What Is Driving Global Responsible AI Governance Consulting Market Growth in 202 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Responsible AI Governance Consulting Market Size By 2025?
The market size for responsible AI governance consulting has seen substantial growth recently. Projections show it will expand from $0.29 billion in 2024 to $0.43 billion in 2025, indicating a Compound Annual Growth Rate (CAGR) of 49.0%.…
Expansion Of Industrial Fleets Fueling The Growth Of The Market Due To Rising E- …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Material Handling Equipment Telematics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the telematics market for material handling equipment has experienced swift growth. The market is projected to increase from $5.42 billion in 2024 to $6.14 billion in 2025,…
Higher Educational Professional Audio-Visual (Pro AV) Market Poised to Hit $5.68 …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Higher Educational Professional Audio-Visual (Pro AV) Industry Market Size Be by 2025?
The market size for professional audio-visual (pro av) in the higher education sector has seen robust growth in the past few years. The market is projected to increase from a value of $3.54 billion…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
