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    Data Management Platform Market

    ID: MRFR/ICT/3154-CR
    100 Pages
    Shubham Munde
    August 2023

    Data Management Platform Market Research Report Information By Data Types (First party, second party and third party), By data source (web analytics tool, mobile web, mobile apps, CRM data, POS data and social network), End Users (Ad agencies, marketers and Publishers), and By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) - Forecast till 2032

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    Data Management Platform Market Summary

    As per Market Research Future Analysis, the Data Management Platform (DMP) market was valued at USD 3.1 billion in 2023 and is projected to grow to USD 9.4 billion by 2032, reflecting a CAGR of 13.50% from 2024 to 2032. The increasing demand for detailed customer insights to deliver personalized products and services is driving this growth. Marketers and ad agencies utilize DMPs to analyze customer data, enabling targeted advertising and enhancing customer retention through personalized content.

    Key Market Trends & Highlights

    The Data Management Platform market is characterized by several key trends.

    • First-party data management platforms are expected to generate the largest revenue share.
    • North America held 34.3% of the global revenue share in 2022.
    • Social media platforms like Facebook and Instagram are crucial for data collection and targeted advertising.
    • The DMP market is increasingly being utilized by ad agencies, marketers, and publishers for personalized marketing strategies.

    Market Size & Forecast

    2023 Market Size USD 3.1 Billion
    2032 Market Size USD 9.4 Billion
    CAGR (2024-2032) 13.50%

    Major Players

    Key companies include Oracle Corporation, Adobe Systems Inc, Rocket Fuel Inc, and SAP SE.

    Data Management Platform Market Trends

    Use by marketers in creating unique strategies for customers

    Data management platforms collect large amount of data of customers using numerous services and products in their day to day lives. This data is being stored by users such as marketers, ad agencies and publishers so that they can create a profile of users which contains their likes, activities and their choices for products and services.

    Such profiles are personalized for each and every user and then strategically using these profiles numerous advertisements related to services and products are pushes to the customers using internet ads, social media platforms such as Instagram and Facebook and  various search engines such as chrome. Thus, ad agencies and marketers are making use of habits, likes and choices of customers by identifying, storing and analyzing the data stored in data management platforms and generating business for them. After analyzing their habits and behaviors, personalized content such as products which they want and services they are looking for.

    Thus, such profiles are created for each and every customer and the data for every customer is being stored in data management platforms. Using the data, personalized ads are pushed to the customers and then it helps them in gaining business and helps in converting those profiles into customers.

    Customer retention

    Once the choices of customers are known to the users such as ad agencies, they can explore the features stores in the database and send personalized ads and content for the customers. thus, it helps customers also to purchase necessary products that they want and there is no need for them to explore other products as DMPs provides personalized products. Thus, it helps in customer retention and helps in gaining higher returns on investments.

    The increasing complexity of data ecosystems necessitates robust data management platforms that enhance data integration and governance, thereby fostering informed decision-making across sectors.

    U.S. Department of Commerce

    Data Management Platform Market Drivers

    Market Growth Projections

    The Global Data Management Platform Market Industry is on a promising growth trajectory, with projections indicating a market size of 3.4 USD Billion in 2024 and an anticipated expansion to 13.7 USD Billion by 2035. This growth reflects a compound annual growth rate of 13.54% from 2025 to 2035. The increasing reliance on data-driven decision-making across various sectors is likely to fuel this expansion. As organizations continue to invest in data management solutions, the market is expected to evolve, accommodating emerging technologies and addressing the growing complexities of data management. This upward trend signifies the critical role of data management platforms in the global economy.

    Adoption of Cloud-Based Solutions

    The shift towards cloud computing is a pivotal driver for the Global Data Management Platform Market Industry. Organizations are increasingly opting for cloud-based data management solutions due to their scalability, flexibility, and cost-effectiveness. This transition allows businesses to manage vast amounts of data without the constraints of traditional on-premises systems. As cloud adoption accelerates, the market is projected to experience a compound annual growth rate of 13.54% from 2025 to 2035. The ability to leverage cloud technologies for data management is likely to enhance operational agility and foster innovation within the Global Data Management Platform Market Industry.

    Rising Demand for Data Integration

    The Global Data Management Platform Market Industry experiences a notable increase in demand for seamless data integration across various sources. Organizations are increasingly recognizing the necessity of unifying disparate data sets to derive actionable insights. This trend is particularly evident as businesses strive to enhance operational efficiency and improve decision-making processes. The market is projected to reach 3.4 USD Billion in 2024, reflecting a growing investment in data management solutions. As companies continue to adopt advanced analytics and machine learning, the requirement for robust data integration capabilities is likely to escalate, further propelling the growth of the Global Data Management Platform Market Industry.

    Growing Importance of Real-Time Analytics

    The demand for real-time analytics is reshaping the landscape of the Global Data Management Platform Market Industry. Organizations are increasingly seeking solutions that enable them to analyze data in real-time to make informed decisions swiftly. This trend is driven by the need for businesses to respond promptly to market changes and consumer behaviors. As a result, data management platforms that support real-time data processing are gaining traction. The market's growth trajectory suggests a robust future, with expectations of reaching 13.7 USD Billion by 2035. The emphasis on real-time analytics is likely to catalyze advancements in the Global Data Management Platform Market Industry.

    Increased Focus on Data Privacy and Compliance

    In an era where data privacy regulations are becoming more stringent, the Global Data Management Platform Market Industry is witnessing a surge in demand for solutions that ensure compliance. Organizations are compelled to adopt data management platforms that facilitate adherence to regulations such as GDPR and CCPA. This focus on compliance not only mitigates legal risks but also enhances consumer trust. As businesses prioritize data governance, the market is expected to grow significantly, with projections indicating an expansion to 13.7 USD Billion by 2035. The emphasis on privacy and compliance is likely to drive innovation within the Global Data Management Platform Market Industry.

    Emergence of Artificial Intelligence and Machine Learning

    The integration of artificial intelligence and machine learning technologies is a transformative force within the Global Data Management Platform Market Industry. These technologies enable organizations to automate data management processes, enhance data quality, and derive deeper insights from complex data sets. As businesses increasingly leverage AI and ML, the demand for sophisticated data management platforms is expected to rise. This trend is indicative of a broader shift towards intelligent data management solutions. The market is poised for substantial growth, with projections indicating a compound annual growth rate of 13.54% from 2025 to 2035, underscoring the potential impact of AI and ML on the Global Data Management Platform Market Industry.

    Market Segment Insights

    Data Management Platforms- Data Types Insights

    Figure 2:Data Management Platforms MARKET SIZE (USD MILLION) data types 2023 VS 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Data Management Platforms Data Source Insights

    Figure 3:Data Management Platforms MARKET SIZE (USD MILLION) data source 2022 VS 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Data Management Platforms End Users Insights

    Figure 4:DATA MANAGEMENT PLATFORMS MARKET SIZE (USD MILLION) End user 2022 VS 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Data Management Platform Market Research Report – Forecast up to 2032

    Regional Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America is expected to have the largest share of the overall Data Management Platforms market.

    Organization in the North American region are the first ones to use Data Management Platforms for providing services and solutions to the ad agencies and marketers across the globe. For instance, in 2022, north America is expected to have 34.3% of the global revenue share of the market. The presence of players like Adobe, Oracle Bluekai and others are expected to be the driving factors for the data management platform market in the region. Because of rise in the number of online customers and internet penetration in the north American region, the market in the region is expected to grow.

    Also, Europe is expected to have 24.8% of the total share of market in 2022. Because of growing mobile data subscription and massive rise in internet usage, the market is expected to grow in the European region. According to International Telecommunication Union, Europe has the highest usage of internet which amounts to 82% of the total population in the region using internet as in 2019. From year 2013, it has witnessed 57% rise in mobile data subscription.  

    Further, the countries considered in the scope of the Data Management Platforms market are the US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.

    Figure 5:Data Management PlatformsMARKET SIZE (USD MILLION) REGION 2022 VS 2032

    DATA MANAGEMENT PLATFORMSMARKET SIZE (USD MILLION) REGION 2022 VS 2032

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    Major market players are spending a lot of money on R&D to increase their product lines, which will help the Data Management Platforms market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Data Management Platforms industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    Key Companies in the Data Management Platform Market market include

    Industry Developments

    March 2022 Oracle Corporation announced that Oracle Unity Customer Data Platform- which is an enterprise grade data platform that powers next generation adtech strategies and enables marketers to unify customer data for segmentation. It is also used for providing hyper personalized experience. Thus oracle has unified AdTech and martech into one unit. The company has done so by using design principles of marketing and advertising products around first party data. Thus improved data management capabilities are used to compliment systems of customer record and help marketers gain cost efficiencies. 

    September 2019 Oracle Corporation has announced that they have integrated Bluekai and ID graph with CX unity. The company has integrated Bluekai data management platform DMP and ID graph with its customer data platform. This step is aimed to help marketers tie device level data about unknown prospects to their customers data and receive insights about marketing techniques and ad techniques. this step is going to allow customers to deliver personalization at a whole new level.

    March 2023 Adobe Corporation at Adobe Summit in New Delhi announced that they have launched Adobe product analytics in adobe experience cloud. The tool unifies customer journey insights across marketing and products. Using the tool, customer experience teams can now look deeply across marketing and products insights for a single customer view.

    March 2023 Adobe Corporation announced at Adobe Summit in New Delhi announced that they have launched new innovations in Adobe Experience manager which is a leading Data Management Platform DMP. The new release will deliver next generation features that bring speed and makes it easy for content developments and publishing higher quality web experiences and AI powered data insights that help organizations to optimize new content for the targeted audiences.

    Data Management Platforms - Data Types Outlook (USD Million, 2018-2032)

      • First party
      • Second party
      • Third party

    Data Management Platforms Data Sources Outlook (USD Million, 2018-2032)

      • Web analytics tool
      • Mobile web
      • mobile apps
      • CRM data
      • POS data
      • Social network

    Data Management Platforms End User Outlook (USD Million, 2018-2032)

      • Ad Agencies
      • Marketers
      • Publishers

    Data Management Platforms Regional Outlook

      • North America
        • US
        • Canada
        • Mexico
      • Europe
        • Germany
        • France
        • UK
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Rest of Asia-Pacific
      • Middle East & Africa
      • South America

    Future Outlook

    Data Management Platform Market Future Outlook

    The Data Management Platform Market is projected to grow at a 13.54% CAGR from 2024 to 2035, driven by increasing data volume, demand for personalized marketing, and advancements in AI technologies.

    New opportunities lie in:

    • Develop AI-driven analytics tools to enhance data insights for businesses.
    • Create integrated solutions for seamless data management across multiple platforms.
    • Expand services to include real-time data processing for immediate decision-making.

    By 2035, the Data Management Platform Market is expected to be robust, reflecting substantial growth and innovation.

    Market Segmentation

    Regional Outlook

    North America
    • US
    • Canada
    • Mexico

    Data Management Platforms Regional Outlook

    North America
    • US
    • Canada
    • Mexico

    Data Management Platforms End User Outlook (USD Million, 2018-2032)

    • Ad Agencies
    • Marketers
    • Publishers

    Data Management Platforms - Data Types Outlook (USD Million, 2018-2032)

    • First party
    • Second party
    • Third party

    Data Management Platforms Data Sources Outlook (USD Million, 2018-2032)

    • Web analytics tool
    • Mobile web
    • mobile apps
    • CRM data
    • POS data
    • Social network

    Report Scope

    Attribute/Metric Details
    Market Size 2023 USD 3.1 billion
    Market Size 2024 USD 3.4 billion
    Market Size 2032 USD 9.4 billion
    Compound Annual Growth Rate (CAGR) 13.50% (2024-2032)
    Base Year 2023
    Forecast Period 2024-2032
    Historical Data 2018-2023
    Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Data Types, Data Sources and End User
    Geographies Covered North America, Europe, Asia Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil
    Key Companies Profiled  Adobe, Oracle, KBM group and Rocket Fuel llc
    Key Market Opportunities ·       Increase in internet usage and surge in online customers
    Key Market Dynamics ·       Need for marketers and agencies of personalized data of customers ·       Customer retention and ROI

    Market Highlights

    Author
    Shubham Munde
    Research Analyst Level II

    With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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    FAQs

    How much is the Data Management Platforms market?

    USD 3.1 Billion in 2023.

    What is the market size for 2032, for the global Data Management Platforms market?

    USD 9.4 Billion in 2032.

    What is the growth rate of the Data Management Platforms market?

    13.50%

    Which region held the largest market share in the Data Management Platforms market?

    North America

    Who are the prominent players in the Data Management Platforms market?

    Adobe, Oracle, KBM group llc, Turn INC,SAP SE, Krux digital inc and SAS institute.

    Data Management Platform Market Research Report – Forecast up to 2032 Infographic
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