ID: MRFR/ICT/4662-CR | 100 Pages | Published By Shubham Munde on June 2018
The Database Management Platform Market size USD 158.57 Billion a 11.53 % CAGR is estimated to guide the development of the market in the forthcoming period 2020-2030 .
Market Research Future (MRFR) predicts the Global Database Management Platform Market size to grow at a CAGR of approximately 11.53% from 2020-2030 (forecast period). The increasing need to collect data from sources such as CRM data, POS data, mobile web & applications, social networks, web analytics tools, and others drives the market for data management platforms. The use of DMP for advertisers to reach consumers and to meet the needs of customers across devices is dramatically increasing the market size of the data management platform during the 2020-2030 forecast period.
As the COVID-19 outbreak wrecks global economies, the database management platform company is struggling to cope with circumstances that are changing day-to-day, if not hour-to-hour. While the database management platform organizations are trying to find their operational and financial bases, a number of activities are being put on hold.
Data protection with artificial intelligence
The growing use of technology in companies is contributing to the need for effective data protection, which has contributed to an increasing need for artificial intelligence technology. The AI-infused tools accelerate the business process by providing improved data protection and collection and further enhancing data security. In addition, most organizations obtain data from a variety of different touch-points like websites, mobile devices, and even devices powered by the Internet of Things (IoT). This collection of data from different points of communication contributes to a need for effective data protection, which leads to the integration of AI. With the growing use of artificial intelligence, the organization's IT team protect data and ensure security.
The rise of Augmented Analytics
Many business owners invest time and resources in data collection and management that leads to technological advances. This advancement leads to the introduction of augmented analytics for the efficient analysis of data. The deployment of augmented analytics offers a range of benefits, including the allowance of real-time information from the data collected. It also provides improved customer engagement in order to make crucial choices for an effective business process. Augmented analytics also facilitates business intelligence and data sharing, further propelling the data management platform market.
Lack of Competence
Global Database Management Platform Industry has been segmented by Data Type, Data Source, and End-User.
By data type, the global database management platform market has been segmented into first-party data, second-party data, and third-party data.
By data source, the global database management platform market has been segmented into web analytics tools, mobile web, mobile apps, POS data, CRM data, social network, and others.
By end-user, the global database management platform market has been segmented into ad agencies, marketers, and publishers.
The regional analysis of the global database management platform market is being studied for the region such as Asia Pacific, North America, Europe, and Rest of the World.
North America to foster the global market
It has been noted that North America is expected to have the largest market share, while Asia Pacific is projected to rise at the fastest pace during the forecast period. The main growth in the market for database management systems in North America is due to an increase in online customer and Internet use. As technological advancements grow, the increase in connected devices increases the use of data sharing across various platforms.
APAC to follow the North America
The Asia Pacific region is expected to be fastest growing due to the presence of major IT players producing significant volumes of data and the presence of small and medium-sized enterprises offering database management services.
Various companies focus on organic growth strategies like product launches, product approvals, and others, such as patents and events. Inorganic growth strategies like acquisitions and alliances & collaborations were witnessed in the industry. These practices paved the way for the growth of the business and consumer base of market players. Market players in the data management platform market are expected to have lucrative growth opportunities in the future with the growing demand for the data management platform market.
This report estimates revenue growth at global, regional, and country levels and offers an overview of the sector's latest developments in each of the sub-sectors from 2017 to 2023. For the purpose of this analysis, MRFR divided the global database management platform market report by data type, data source, end-use, and region.
By Data Type
By Data Source
|Market Size||USD 158.57 Billion|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Data Type, By Data Source|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Adobe Systems Inc (U.S.), Oracle Corporation (U.S.), KBM Group LLC (U.S.), Rocket Fuel, Inc (U.S.), Lotame Solutions Inc (U.S.), Krux Digital Inc (U.S.), Turn Inc (U.S.), Neustar, Inc (U.S.), SAP SE (Germany), SAS Institute (U.S.), Cloudera Inc (U.S.) and Informatica (U.S.).|
|Key Market Opportunities||Market players in the data management platform market are expected to have lucrative growth opportunities in the future with the growing demand for the data management platform market.|
|Key Market Drivers||
A strong income level is expected to established by the market in the coming years.
A 11.53 % CAGR is estimated to guide the development of the market in the forthcoming period.
Neustar, Inc. (U.S.), Rocket Fuel, Inc. (U.S.), Turn Inc. (U.S.), Salesforce Inc.(U.S.), Cloudera Inc., SAP SE (Germany), Lotame Solutions Inc. (U.S.), SAS Institute (U.S.) and Informatica (U.S.) are the contenders active in the industry.
The surging importance of first-party data is expected to induce favorable development of the market.
Mobile web, analytics tools, mobile apps, POS data, social networks, and CRM Data are the vital offerings in the market.
The third-party segment is anticipated to contribute to a 17.76% CAGR of the segment.
The ad agencies segment is estimated to show a strong dominance in the market segment.