Is it necessary to use a third-party Consent Management Platform (CMP) alongside GA4 about consent mode?

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Hi all, I'm trying to understand the necessity of using a Consent Management Platform (CMP) alongside GA4.

Our website's consent mode was set up through Google Tag Manager without a CMP. Is it necessary to use one? My understanding is that consent mode acts like a signal—CMPs can collect, process, and analyze this signal, which GA4 alone cannot do. Is this why a CMP might be needed?

Any advice or insights would be greatly appreciated!

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