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Artificial Intelligence

Customer Data Platform Market Rising at a CAGR of 24.5% to Reach USD 4,364.7 Million by 2027

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Pune, India, Oct. 11, 2021 (GLOBE NEWSWIRE) — The global customer data platform market size is predicted to reach USD 4,364.7 million by 2027, exhibiting a CAGR of 24.5% during the forecast period. The increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies to enhance workflow and productivity will encourage the healthy growth of the market during the forecast period. Additionally, the implementation of AI in cloud data platform (CDP) for predictive analysis and enhancement of customer experience will bolster healthy growth of the market, sates Fortune Business Insights in a report, “Customer Data Platform Market Size, Share & COVID-19 Impact  Analysis, By Component (Platform and Services), By Deployment (Cloud, On-premises), By Type (Access, Analytics, and Campaign) By Industry (Banking, Financial Services and Insurance (BFSI), Retail and ecommerce, Information Technology (IT) and Telecom, Media and Entertainment, Travel and Hospitality, Healthcare, and Others (Government and Education)), and Regional Forecast, 2020-2027” the market size stood at USD 772.1 million in 2019.

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List of key players in Customer Data Platform Market:

  • Microsoft Corporation (US)
  • Segment.io, Inc.(US)
  • SAP SE (Germany)
  • Oracle Inc. (US)
  • Salesforce.com, Inc. (US)
  • Leadspace, Inc. (US)
  • SAS Institute Inc. (US)
  • Ignitionone.com (US)
  • Kabbage Inc. (Radius Intelligence) (US)
  • Tealium Inc. (US)

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2020 to 2027
Forecast Period 2020 to 2027 CAGR 24.5%
2027 Value Projection USD 4364.7 Million
Base Year 2019
Market Size in 2019 USD 772.1 Million
Historical Data for 2016 to 2018
No. of Pages 150
Segments covered Component, Deployment, Type, Industry  and Geography
Growth Drivers Transmutation in Online Engagement to Back Business Openings
Outbreak of COVID-19 to Opportune Occasions for the Market
Rising Adoption of CDP to Propel Market in North America

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/customer-data-platform-market-100633

Market Driver:

Transmutation in Online Engagement to Back Business Openings

The increasing digitalization has led to a surge in online engagement, thus necessitating the need for cloud data platforms. The implementation of CPD helps to recognize the prospective customer through their historical data searches and queries. Banking, financial services and insurance (BFSI) are employing CPD to analyze the centralized data of customers. Hence the increasing use of customer data platform to connect with potential customers and enhance experience will subsequently foster the growth of the market in the forthcoming years. For instance, CDP tracks the search history of customers and analyzing where the customer spent more time. Thus, when the customer visits the website again, the offers related to its last search are shown effectively. The platform offers indications to BFSI marketers to generate customer-centric results. 

Market Trend:

Outbreak of COVID-19 to Opportune Occasions for the Market

Covid-19 has brought the entire world to complete stop. The economy of several nations has collapsed drastically because of the pandemic. However, the customer data platform market is expected to witness substantial growth during the outbreak due to several factors. The rising utilization of e-commerce during the pandemic will spur demand for cloud data platform, which in turn, will boost the growth of the market. Also, CDP enables members to access the data remotely and thus, support the business process. Marketers and advertisers are now able to target customers based on their preferences, location, and need, which further aid the growth during the coronavirus crisis. Additionally, real-time data provided by CDP ensures return on investment (ROI) through campaigns organized from remote locations by product managers and developers. These factors together will have a noteworthy effect on the market during the COVID-19 crisis.

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Regional Analysis:

Rising Adoption of CDP to Propel Market in North America

The market in North America generated a revenue of USD 494.0 million and is predicted to grow substantially during the forecast period owing to the growing implementation of CDP in industries such as retail, BFSI, healthcare in the US. Europe is predicted to hold the largest market share during the forecast period owing to the growing number of emerging companies in the UK and France. The GDPR-compliant solutions offered by CDP vendors will influence the healthy growth of the market in the region in the foreseeable future.

Key Development:

January 2020: Tealium, Inc. announced a strategic partnership with Invoca Inc., California based AI-powered call tracking company. The partnership will provide customer data and real-time analytics for organizations. This will ease out tag-based deployment data of cross-channel management.

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Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
  • Global Customer Data Platform Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component
        • Platform
        • Services
      • By Deployment
        • Cloud
        • On-premise
      • By Type (Value)
        • Access
        • Analytics
        • Campaigns
      • By Industry (Value)
        • Banking, Financial Services and Insurance (BFSI)
        • Retail and ecommerce
        • Information Technology (IT) and Telecom
        • Media and Entertainment
        • Travel and Hospitality
        • Healthcare
        • Others (Government, Education, etc.)
      • By Geography (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

TOC Continued…!

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. We aim to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

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Artificial Intelligence

Praesidiad takes High Court action against competitor and ex-employees for alleged wrongdoing

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LONDON, May 7, 2024 /PRNewswire/ — Through its subsidiary, Hesco Bastion Limited (Hesco), legal action has been commenced in the High Court in London against Dirickx Systems Limited (Dirickx) and a number of ex-employees of Hesco.  The claim involves allegations of misuse of confidential information, breach of employee’s duties of good faith, infringement of patent and copyright as well as misrepresentations to customers. 

The allegations of wrongdoing include the removal by the ex-employees, either alone or together, of commercially sensitive information, confidential to Hesco.
Hesco is seeking orders from High Court for appropriate injunctions to restrain further infringing activity, an enquiry into damages or alternatively an account of Dirickx’s profits as well as payment of its legal costs.  A High Court trial in London is expected within 12-18 months.
Dino Koutrouki, CEO, said “Whilst Praesidiad as a business welcomes legitimate competition, it is not prepared to allow the actions of former employees, placed in a position of trust and duty of good faith, to unlawfully take advantage of the foundations of our business in order compete with us.  
Hesco has a proud history as a leading innovator. For over 30 years customers have depended on us for original, high quality life safety products conceived, created and developed by us and tested independently to the highest standards. We have a duty to defend our innovation and our brand through this High Court action. Hesco intends to pursue its claims to the fullest degree, and we confidently expect the litigation process will reveal the full extent of wrongdoing of which the above is only a snapshot.”
Full details of our claim can be viewed on our website and here: Particulars_of_Infringement
Particulars_of_Claim
About Praesidiad
PRÆSIDIAD (www.praesidiad.com) owned brands Betafence and Hesco are market leaders in integrated perimeter and physical security solutions. Global Manufacturers of fencing products, defensive barriers, body armor and industrial mesh; manufacturing and supplying protection around the world.
About HESCO
Hesco (www.hesco.com) is a world leader and innovator in defence, perimeter protection and security systems, including defensive barriers, flood barriers, rapid deployment systems, safe haven bunkers and ballistic resistant body armor.
Hesco is synonymous with force protection and is recognised across its industry for its commitment to saving lives, property and the environment, whenever and wherever it is needed.
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Artificial Intelligence

Pudu Robotics Debuts Advanced Smart Cleaning Tech at Interclean Amsterdam

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AMSTERDAM, May 7, 2024 /PRNewswire/ — In a move that underscores its innovation in smart cleaning technology, Pudu Robotics (“PUDU”), the global leader in service robotics, is set to captivate the cleaning industry with its first appearance at the prestigious Interclean Amsterdam 2024, the largest professional cleaning trade show in the world and unsurpassed in its role as an international business networking platform for the cleaning and hygiene industry.

From May 14-17, PUDU’s booth in Hall 5 05.317 at RAI Amsterdam will serve as a beacon for innovation, inviting industry professionals to explore the new cleaning frontier, where they will have the exclusive opportunity to witness cutting-edge advancements in cleaning technology.
The spotlight of this year’s showcase is undoubtedly on the official debut of the highly anticipated and newly upgraded PUDU SH1, a smart upright scrubber dryer that is set to redefine cleaning efficiency and effectiveness. Scheduled for May 14th between 14:00-15:00, an unveiling ceremony will introduce attendees to this next-generation cleaner. This event will include insightful presentations from product experts detailing key upgrades of PUDU SH1 and an overview of new solutions provided by its counterpart, PUDU CC1.
In addition to product introductions, visitors are encouraged to engage with live demonstrations taking place at the Robot Arena throughout the exhibition days.
PUDU’s Daily Demonstration Schedule at the Robot Arena
– Tuesday, May 14: Sessions at 10:45, 12:30, 14:15, and 16:00- Wednesday, May 15: Sessions at 11:15, 13:00, 14:45, and 16:30- Thursday, May 16: Sessions at 10:15, 12:00, 13:45, 15:30 and 17:15- Friday, May 17: Session at 11:30
These sessions offer a hands-on experience with PUDU CC1 while facilitating direct interaction with specialists who can provide deeper insights into their operational capabilities and benefits.
PUDU is enthusiastic about engaging with fellow innovators and stakeholders who are keen on developing future clean environments through intelligent technology. By showcasing its technological prowess and commitment to advancing smart cleaning solutions, PUDU aims to showcase new products, foster industry connections and seek potential partnerships at Interclean Amsterdam 2024.
To learn more about the latest information on cleaning products and to gain an immersive experience, visitors can register through the following link to obtain FREE tickets from PUDU:
https://register.visitcloud.com/survey/2hdir9zqg5391?actioncode=NTWO001675WTZ&partner-contact=03bjh516im8tu 
About Pudu Robotics
Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds nearly a thousand authorized patents worldwide, encompassing a wide range of core technologies. The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education, and manufacturing. To date, Pudu Robotics has successfully shipped over 70,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide.
For more information on business developments and updates, follow PUDU on Facebook, YouTube, LinkedIn, Twitter, and Instagram.
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Artificial Intelligence

Clarivate Introduces Epidemiology Intelligence™ for Precision Patient Population Analysis

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Empowering biopharma with unified epidemiology, incidence and prevalence data alongside claims-based population insights, for precise market sizing and patient population analysis
LONDON, May 7, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced the launch of Epidemiology Intelligence™. The new solution combines rich insights from epidemiology, incidence and prevalence database solutions. It includes U.S. claims-based population insights to empower biopharma companies to accurately gauge market size and target patient demographics with ease.

In today’s rapidly evolving market landscape, precise forecasting is essential for biopharmaceutical companies. Yet, traditional research methods often come with limitations that can lead to inaccurate estimations and costly consequences. Epidemiology Intelligence empowers users with unique insights to address critical questions about the drug-treatable population. The solution facilitates precise assessments, identification of niche populations and accurate predictions based on population insights.
Ravindra Sharma, VP Product Management, Clarivate, said: “The launch of Epidemiology Intelligence marks a significant milestone for Clarivate in our ongoing commitment to deliver comprehensive and actionable solutions to life sciences and healthcare companies. Clients can now access comprehensive coverage of disease epidemiology paired with expert analysis, seamlessly integrated into a unified platform. The new solution enables them to deliver safe, effective and commercially successful treatments to patients faster.”
Epidemiology Intelligence accelerates data-driven decision-making across the drug development lifecycle. Clients can benchmark market forecasts, validate investments, pinpoint growth opportunities and utilize the solution to strategically position their products for success.
To learn more about Epidemiology Intelligence, visit here.
About Epidemiology Intelligence
Epidemiology Intelligence is a new, unified Clarivate patient population offering that brings together our legacy Epidemiology and Incidence and Prevalence Database solutions, as well as claims-based population insights, on a single platform. This transformative solution offers user-friendly visualizations, easy data exports and a unique breadth and depth of patient population insights. Conduct thorough market assessment with comprehensive coverage across 1200+ diseases and procedures. Dive deep into expert disease-specific epidemiology analysis and 10 and 20-year forecasts across 220 indications and over 5000 patient populations. Leverage expanded patient segmentation and location granularity with insights sourced from Clarivate U.S. Real-World Data.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Catherine DanielDirector External Communications, Life Sciences & [email protected]
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