BriefsDatamonitor: Investment in personalization applications will quadrupleDatamonitor predicts that investment in personalization technologies will grow from $500 million this year to $2.1 billion in 2006. The research firm says because of their heavy investment in e-commerce and CRM applications, companies in North America make up 67% of personalization revenues. According to Datamonitor, North America accounts for the lion's share of investment, generating 67 percent of personalization revenues because of its edge in implementing e-commerce and customer relationship management technologies. Europe accounts for 25 percent ($131 million) of global investment and the United Kingdom leads with 28 percent, followed by Germany (24 percent) and France (20 percent). Despite considerably smaller economies, Scandinavian countries still account for 13 percent of the European market, due to the advanced state of telecommunications and Internet usage. Financial services and retail are the prime adopters of personalization technologies, accounting together for around 50 percent in both the North American and European market in 2001. Internet banking and online retailing, with clear applications for personalization, are the main drivers behind this early adoption. Telecommunications and entertainment follow. See http://dmreview.com/master.cfm?NavID=93&EdID=4005 |
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