Data Management Platform (DMP) Software Market Size, Share, Growth, and Industry Analysis, By Type (On-Premise, Cloud-Based and Others), By Application (Large Enterprises, SMEs and Others) Regional Forecast to 2028

Updated On: 22 April 2024

REPORT OVERVIEW

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The global data management platform (DMP) software market size expanded rapidly in 2021. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the data management platform (DMP) software market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A software platform called a data management platform (DMP) is used to gather and handle data. They enable companies to pinpoint audience segments that can be utilised in internet advertising campaigns to target particular individuals and environments. DMPs may handle and analyse enormous data sets on users from multiple sources using big data and artificial intelligence techniques. Data organisation, improved understanding of audiences and markets, and efficient budgeting for advertising are some benefits of adopting DMPs. On the other side, because DMPs frequently combine private data with third-party software, they frequently have to deal with privacy issues. Global organisations like Nielsen and Oracle are constantly improving this technology.

More broadly, any software platform used for data collection and management can be referred to as a data platform. For business intelligence purposes, it is an integrated system that, as of the 2010s, can incorporate functionality from, for instance, a data lake, data warehouse, or data hub.

COVID-19 Impact: The Pandemic Upsurged the data management platform (DMP) software Market Growth

Due to lockdowns and disruptions in industrial and supply chain activity, COVID-19 initially had a substantial impact on the market. On the other hand, the COVID-19 epidemic has accelerated the adoption of new technologies while simultaneously increasing end users' dependency on them. The growing use of data management platform (DMP) software technology for the storage of data of patients records and many more during COVID-19, is likely to have a positive effect on the market growth. Being one of the largest user bases with an exceptional degree of support and documentation, the COVID-19 programme has paved the way for the development and deployment of cutting-edge technology.

LATEST TRENDS

"Online Data Management, Cloud and Artificial Intelligence to Advance the Market Share"

Internet transactions quickly became a significant aspect of many sectors. Online data management technologies make this possible. These systems can swiftly evaluate data and allow applications to read, change, and communicate data to the user. Data management has shifted from local storage to the cloud in recent years. Salesforce and Amazon promoted the concept of internet-based services, which drew clients in because it decreased in-house maintenance expenses and provided flexibility in altering a business's demands. With the rise of artificial intelligence (AI), it is now easier than ever to store and sort through massive amounts of data. Data management platform (DMP) software have risen to prominence in this period as the world's colossal amount of user data can now be analysed and provided to businesses for marketing objectives.

SEGMENTATION

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• By Type Analysis

Based on type, the data management platform (DMP) software market is subdivided into on-premise, cloud-based and others.

The on-premise is the leading part of the type segment.

• By Application Analysis

Based on the applications, the data management platform (DMP) software market is subdivided into large enterprises, SMEs and others.

The large enterprises is the leading part of the application segment.

DRIVING FACTORS

"The Benefits to Publishers and Advertisers to  Amplify the Market Share"

Data management platform (DMP) software have two significant advantages for publishers. For starters, they give you a bird's-eye view of your audience and can provide you with extensive insights on user data. Publishers can utilise a DMP to take action on data obtained from their user base, allowing them to develop more precisely tailored content for those viewers. Second, publishers can employ DMPs to increase ad income. DMPs can ensure that more relevant advertisements display on a publisher's site, resulting in a higher CTR.

DMPs are critical tools for advertisers looking to target a certain population. DMPs can employ data augmented through partnerships and third-party data in lookalike modelling, allowing advertisers to create new audience segments that are similar to those they already have.

"The Dynamic Benefits and Major Advantages to Witness Significant Market Growth "

There are six primary benefits to adopting a data management platform (DMP) software: gathering data in one place, integrating third-party data to uncover new markets, obtaining audience insights, establishing a complete view of your clients, targeting your audience, and successfully budgeting your marketing expenses. A data management platform (DMP) is any programme that controls the collection, storage, and categorization of data so that marketers, publishers, and other businesses may extract meaningful information from it. Customer information, demographics, and mobile identifiers or cookie IDs may be saved, which the DMP will evaluate to allow firms to generate targeting categories for adverts. DMPs can assist brands in learning more about their consumer groups in order to inform acquisition efforts and enhance sales. They also enable companies to assess the efficiency of their advertising strategies.

RESTRAINING FACTORS

"The Risk of Data Breech and the Integrating Complexity to Restrain the Market Growth"

Cookie technology is frequently used by data management platforms to identify behaviours. Previous initiatives by Apple and now Google to ban third-party advertising cookies jeopardise the value proposition of data management platforms. Furthermore, in an organization's current setting, such a platform's adoption may be problematic. This is due to the fact that data aggregation technology is difficult and requires certain technical knowledge to deploy. Another issue to be concerned about is the quality of the imported data: if it is of poor quality, the DMP will fail to produce relevant results and thus hindering data management platform (DMP) software market growth.

REGIONAL INSIGHTS

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"North American Region to Lead  With Presence of Large Number of Consumers and Major Key Players"

Over the projected period, the North American data management platform (DMP) software market share is expected to expand rapidly, particularly in the growing nations like U.S.A. The market is characterised by technology developments that are anticipated to lead to the creation of improved options for tech industries and IT professionals. Furthermore, data management platform (DMP) software are getting more popular, with approximately 89% of developers in the North American region utilising it at least once.

KEY INDUSTRY PLAYERS

"The Prominent Players Contributing in the Market Growth"

The international, regional, and local players in the data management platform (DMP) software market are well-diversified and the market is moderately competitive. However, a few significant international companies control a large portion of the industry thanks to their strong brand names and wide distribution networks. Companies are discovered making investments in cutting-edge technology to provide their clients a digital transformation.

List of Market Players Profiled

• Google (U.S.A)
• Salesforce (U.S.A)
• Oracle (India)
• Clearbit (U.S.A)
• SAS Institute (U.S.A)
• OnAudience (England)
• OpenPrise (U.S.A)
• Pegasystems (U.S.A)
• Dobility (U.K)
• Nielsen Company (U.S.A)
• Lotame Solutions (U.S.A)
• MediaMath (U.S.A)
• Dataxu (U.S.A)
• Adobe (U.S.A)
• Confluent (U.S.A)
• Alation (U.S.A).

REPORT COVERAGE

The report examines elements affecting the demand and supply sides and estimates dynamic market forces for the forecast period. The report offers drivers, restraints, and future trends. After evaluating governmental, financial, and technical market factors, the report provides exhaustive PEST and SWOT analysis for regions. The research is subject to alteration if the key players and probable analysis of market dynamics change. The information is an approximate estimate of the factors mentioned, taken into consideration after thorough research.