Customer 360 Market Scope
The customer 360 represents the complete view or analysis of the customer, it builds an accurate picture of every customer by clustering each customer's structured and unstructured data from the organization. With this clustered data knowledge, the company can create better customer experiences, customize and personalize the interactions with customers as well as build improved customer insights. it acts as a hub that synchronizes the data and becomes the source of references for more up to date information of the customer.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Microsoft Corporation (United States), Salesforce Inc. (United States), MuleSoft LLC (United States), IBM (International Business Machines Corporation) (United States), Oracle Corporation (United States), SAS Institute (United States), Axtria (United States), MIOsoft Corporation (United States), Reltio (United States), Amperity (United States) and Informatica (United States) |
CAGR | % |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Microsoft Corporation (United States), Salesforce Inc. (United States), MuleSoft LLC (United States), IBM (International Business Machines Corporation) (United States), Oracle Corporation (United States), SAS Institute (United States), Axtria (United States), MIOsoft Corporation (United States), Reltio (United States), Amperity (United States) and Informatica (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Verint Systems (United States) and MarkLogic Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Customer 360 market by Type , by Application (B2C and B2B) and Region with country level break-up.
On the basis of geography, the market of Customer 360 has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023, Microsoft, a multinational technology company, announced its acquisition of Dynamic Signal, a customer data management (CDM) platform provider. The acquisition will give Microsoft access to Dynamic Signal's CDM technology, which will help it to better manage its customer data and create a more consistent customer experience across its products and services.
In September 2023, Salesforce announced the launch of Customer 360 for Retail, a unified platform designed to help retailers connect with their customers across all channels, including in-store, online, and mobile. The platform includes a suite of products and capabilities, such as Salesforce Commerce Cloud, Salesforce Einstein, and Salesforce B2B Commerce, that help retailers create personalized customer experiences, manage inventory and orders, and drive sales.
Influencing Trend:
Increasing Use of Customer 360 Solution in Retail Industry and More Advanced Customer Relationship Management Because of Customer 360 Solution
Market Growth Drivers:
The demand for customer data management to find the most valuable customers to retain, deliver personalized offers to enhance their brand awareness. It helps in knowing the complete view of the customer regarding the company which can help in providing a better experience and provides them with reliable customer insights. There is need for the company to provide good products and services for its business growth.
Challenges:
Complexities Involved with Gathering Customer Data from Number of Sources like web, social media, data centers, etc.
Restraints:
High Risk of Online Fraud and Privacy Issues with Customer 360 and Regulatory Compliance with Customer 360 Solution Companies
Opportunities:
Continuous Technological Advancements in Customer Data Management and Surging Demand for Customer 360 From Online Consumer
Key Target Audience
Customer 360 Solution Provider, Research and Development, Potential Investors, Industry Associations and Others