Global Customer Data Platform Market to Reach $66.9 Billion by 2030
The global market for Customer Data Platform estimated at US$10.7 Billion in the year 2023, is expected to reach US$66.9 Billion by 2030, growing at a CAGR of 30% over the analysis period 2023-2030. Personalized Recommendations Application, one of the segments analyzed in the report, is expected to record a 28.3% CAGR and reach US$18.4 Billion by the end of the analysis period. Growth in the Predictive Analytics Application segment is estimated at 28.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 37.2% CAGR
The Customer Data Platform market in the U.S. is estimated at US$2.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.7 Billion by the year 2030 trailing a CAGR of 37.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.8% and 26.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 24.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.6 Billion by the year 2030.
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