Among the many product announcements at Adobe Summit 2024 was Real-Time CDP Collaboration, a data clean room for advertisers and publishers. Real-Time CDP will also be able to pull data directly from AWS, Snowflake and other data warehouses. Most of the other announcements related to Firefly generative AI tools and included an AI assistant embedded across Experience Platform.
The global CDP market size, estimated at $7.4 billion will grow to over $28 billion by 2028 at a CAGR of almost 40%. The main drivers will be the growing volume of data, demands for omnichannel experiences and privacy regulations. The estimate comes from management consulting firm MarketsandMarkets.
Google’s Search Generative Experience creates more opportunities for third-party sites and even competitors to rank for a brand’s own brand and product terms, based on research into almost 3,000 key words and 251 brands by SEO software vendor Authoritas. Over 90% of keyword searches generated SGE content. Sites like Wikipedia and even Quora ranked high in results.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.