In a recent published report, Kenneth Research has updated the market report for Database Management Platform Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Database Management Platform Market products.
In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Database Management Platform Market over the period 2019-2026.The global database management platform market is expected to grow at a CAGR of approximately 15% during the forecast period 2017-2023.
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Market Scenario
Database management platform is defined as an intelligent form of a data warehouse. The data on this platform is collected from sources like mobile apps, mobile web, CRM, social networks, and data stores.The Database management platform helps end users to analyze the data and match the consumer’s requirements across various devices. This market is segmented into data type, data source and end-user.A data type in data base management platform refers to first party data, second party data and third party data.
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The first-party data is considered the most valuable because it is collected from people who have a direct relationship with the brand or potential customers. Second-party data is sometimes referred to as partner data, as it is first-party information collected by one company and sold or traded to another. And the third party data, it is neither collected from the brand nor advertiser, nor not even provided by a partner company. However, third-party data still adds value to marketing and advertising campaigns. Of these three data types, first party data type accounts for major share owing to the high quality driven directly from consumers.
Data sources can be referred to numerous tools and web browser through which the data is collected such as the web analytics tools, mobile web, mobile apps, CRM data, POS data, social network and others. The DMP plays a significant role in managing a huge amount of data generated from various sources. A DMP not only collects and organizes user data, but makes it available on other platforms such as DSPs, SSPs, and ad exchanges which can be used for targeted advertising, content customization and beyond. A DMP is capable of collecting unstructured audience data from a various source such as desktop, mobile web, mobile app, web analytic tools, CRM, the point of sale, social, online video, offline and even TV. A feasible DMP should be able to collect audience data on more than a surface level, going far beyond things like URL and keyword information. Thereby, data sources segment occupies significant share in the Database management platform.
Key Players
Some of the prominent players in the global database management platform market: Oracle Corporation (U.S.), KBM Group LLC (U.S.), Rocket Fuel, Inc. (U.S.), Salesforce Inc.(U.S.), Lotame Solutions Inc. (U.S.), Turn Inc. (U.S.), Neustar, Inc. (U.S.), SAS Institute (U.S.), Cloudera Inc., SAP SE (Germany), Informatica (U.S.), V12 Data among others.
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Segments
The global database management platform market is segmented by data type, data source, and end-user. By data type, the market is sub-segmented into First Party Data, Second Party Data, and Third Party Data. By data source, the market consists of Web Analytics Tools, Mobile Web, Mobile Apps, CRM Data, POS Data, Social Network and others. By end-user, the market is segmented into ad agencies, marketers and publishers.
Key Findings
By Data Type: First party data type is dominating the market of Database Management Platform by data type and has reached USD 526.30 Million in the year 2017, and the third party is expected to grow at the fastest CAGR of 17.76%.
By End-User: Ad Agencies is dominating the market for database management platform by end-user and has reached USD 530.59 Million in the year 2017. The publisher is the fastest growing at a 16.36% CAGR.
Regional Analysis
The regional analysis of database management platform market is being studied for the region such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in database management platform market in North America is attributed to due to rising in the online customer and internet usage. As growth in technological advancements, the rise of connected devices increases the usage of data sharing across different platforms. Asia Pacific region is estimated to be fastest growing owing to the presence of major IT players which generate large volumes of data and presence of small and medium-size enterprises that provides database management services.
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Intended Audience
Retailers
Research Firms
Software Developers
IT enablers
Database providers
Cloud service providers
Media agencies
Advertising agencies
Telecommunication companies
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