Tag Management System
Global Tag Management Systems Market to Reach $1.5 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Tag Management Systems estimated at US$695.6 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at aCAGR of 11.5% over the period 2020-2027. Tools, one of the segments analyzed in the report, is projected to record 11% CAGR and reach US$903.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 12.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $191.1 Million, While China is Forecast to Grow at 15.2% CAGR
The Tag Management Systems market in the U.S. is estimated at US$191.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$308 Million by the year 2027 trailing a CAGR of 15.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.8% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.
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