
TECH SUPPLIER Jul 2021 - Market Share - Doc # US48052920
Worldwide Customer Data Platform Market Shares, 2020: The Flight to First-Party Data Is On, and CDPs Win Big
Abstract
This IDC study presents estimated 2020 customer data platform (CDP) software revenue shares in a total market valued at $1.3 billion. IDC expects significant change in the structure of the CDP market now that several major IT vendors including Adobe, Oracle, Microsoft, Salesforce, SAP, SAS, and Teradata are in market. These companies do not yet have market presence that challenges the CDP pure-play incumbents, but as they exert market power through their sales and partner enablement programs, IDC expects rapid acceleration in these businesses.
"Customer 360, privacy, and real-time personalization are driving the need for enterprise to manage customer data as a service," said Gerry Murray, research director, Marketing and Sales Technology research practice at IDC. "Siloed customer data is a competitive disadvantage; it inhibits end-to-end customer experience management, journey orchestration, and privacy and compliance capabilities and ultimately represents a huge innovation debt to the business. Providing customer data as an enterprise service requires a cohesive ecosystem of which CDPs are a foundational technology."
Coverage
Subscriptions Covered
Marketing Technology Applications
Companies Covered
Listrak Inc., Treasure Data Inc., Redpoint Global Inc., Twilio, Inc., Insider, Tealium Inc.
Regions Covered
Topics Covered
Analytic applications, Cognitive/artificial intelligence, Customer relationship management applications, Marketing automation, Marketing operations
Content
List of Tables
List of Figures
Get More
When you purchase this document, the purchase price can be applied to the cost of an annual subscription, giving you access to more research for your investment.