CDP Industry Evolves with Unified Data and New Growth Opportunities | Martech Edge | Best News on Marketing and Technology
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CDP Industry Evolves with Unified Data and New Growth Opportunities

data management customer data platforms

CDP Industry Evolves with Unified Data and New Growth Opportunities

CDP Industry Evolves with Unified Data and New Growth Opportunities

PR Newswire

Published on : Jan 3, 2025

The Customer Data Platform (CDP) industry is entering a new phase of growth, driven by adoption across diverse users, industries, and regions. According to a recent survey by the Customer Data Platform Institute, significant strides have been made in customer data unification, although the pace of new deployments has slowed.

 

  • Key Survey Findings

    • Customer Data Unification Progress:
      • 57% of respondents report unified customer databases for the first time.
      • 68% have a deployed CDP, though in-process/planned deployments dropped to 17%.
    • Growth Areas:
      • Higher deployment expectations in B2B sectors, mid-sized businesses, and regions outside the Americas.
      • Large firms outperform smaller ones in data integration and CDP deployments.
  • Martech Management Trends

    • Increasing role of IT teams in martech management over individual departments.
    • Higher satisfaction levels when dedicated martech teams lead the efforts.
  • CDP Deployment Models

    • Traditional "packaged" CDPs remain dominant.
    • 25% of service vendors now favor "warehouse-native" (composable) CDP projects.
  • Organizational and Functional Insights

    • Unified data is the primary purpose of CDPs, with integration as the top selection criterion.
    • Organizational challenges are the greatest obstacles to CDP success.
    • Feature-based system selection yields higher success rates than cost-based selection.


The CDP industry is evolving, with new opportunities for growth among non-traditional users and markets. While challenges persist, particularly in organizational alignment, firms that prioritize unified data, robust integrations, and strategic deployments are better positioned to harness the value of CDPs.