Tag Archives: APAC

CDP Industry July 2021 Update: accelerated growth during the pandemic

MILFORD, CT, United States, 28-Jul-2021 — /EPR INTERNET NEWS/ — Customer Data Platform (CDP) vendors grew at a record pace during the first half of 2021, according to the CDP Institute’s latest Industry Update report. The semi-annual report found that a brief slowdown at the start of the Covid-19 pandemic was replaced by accelerated growth, increased funding, and strategic acquisitions as companies invested in CDPs to support pandemic-inspired transformation projects.

CDP vendors listed in previous reports added 6% more employees and 11% more venture funding during the first half of 2021, compared with 1% employment growth and 3% funding growth in the second half of 2020.

In addition, a near-record twenty new CDP vendors were added to the report. These were split about evenly between CDP start-ups and established businesses that added a CDP capability to existing products.

Industry growth is also reflected by a record eight CDP acquisitions and mergers during the period. Most buyers were customer engagement software vendors seeking a CDP to connect siloed components of multi-channel suites.

Growth was especially strong in the Asia Pacific region, whose share of industry vendors grew from 13% one year ago to 17%, share of employment grew from 10% to 14%, and share of funding grew from just 6% to 25%. Europe-based companies fell from 39% to 38% of vendors, from 32% to 28% of employment, and from 14% to 12% of funding over the same period.

The report estimates CDP Industry revenue for 2021 at $1.6 billion. This figure represents revenues for all CDP product sales worldwide, including CDP components within other systems such as marketing suites, message delivery systems, and ecommerce platforms. It does not include related services or in-house customer data system development.

SOURCE: EuropaWire

nGen VidCom LLC Announces High Speed Video Service to Nigeria through a Strategic Alliance

nGen VidCom LLC, a global leader in converged video and collaborations services, today announced a new, strategic alliance with Vision Telecommunications Technologies Nigeria, a leading telecommunications hardware and services company, to bring a high speed video collaboration gateway from Nigeria to North America.

Under the terms of this multi-year alliance, Vision Telecommunications Technologies will offer its customers GlobalMeetLive (GML), a cloud-based video collaboration solution to its new and existing customers and channel partners.

“All businesses rely upon web based collaboration to conduct business in this rapidly changing economy. “nGen’s GML solution combines collaboration, true video conferencing and large scale streaming all within a single service” said Tom Clark, CEO of nGen VidCom LLC. “Our alliance with Vision Telecommunications Technologies Nigeria will allow both firms to provide full converged video collaboration communications with no latency or loss of quality between the continents”.

GlobalMeetLive is nGen’s cloud-based converged cloud based collaboration solution that replaces existing collaboration services by combining HD Video Conferencing, web Collaboration and interactive streaming in one solution. Of strategic significance is GML’s “firewall traversal” technology that allows video communications to traverse the enterprise firewall without compromising security or adversely affecting network resources (bandwidth). GML users are able to conduct face-to-face meetings on all communications devices, desk & laptops, tablets and smart phones.

“This alliance will enable a clear connection between world financial centers in Africa, North America, Europe and Asia,” said Adesola Dada, CEO and Founder of Vision Telecommunications Technology Nigeria, LLC. “At this time our firms are pioneering advanced, cloud based video services between the two continents”.

Via EPR Network
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