About Database Marketing
Database Marketing is a combination of traditional advertising and direct marketing. It is the process of systematically collecting data about past, current and/or potential customers either in electronic or optical form, maintaining the integrity of the data by continually monitoring customer purchases and/or by inquiring changing status and using the data to formulate marketing strategy and foster personalized relationships with customers. It is used to understand and manage the business database of customers for marketing purposes. It has two main instruments: a logistic instrument – a database for clients; and a decision making instrument – a statistical database. The database marketing ensures the free usage of the data for the marketing needs and provides the facts that help to work smarter. For instance, Facebook segments its user’s data according to their stored database information that includes first name, last name, email, phone number, date of birth, gender, location, and interests. This enables Facebook to create personalized experiences for its users which is very valuable to advertisers and marketers. Database marketing helps to have a decision on financial investment in any business's future success. The growing popularity of database marketing expected to boost market growth in upcoming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The market is fragmented by numerous key players who have the bargaining power high in database marketing industry. The intensity of rivalry appears to be moderate. Major companies in this market are constantly working towards introducing innovative products and lowering costs of service order to have profit in the business. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Database Marketing market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Marketo, Inc.( United States), Stirista, LLC (United States), Adestra Ltd (United Kingdom), Eloqua (United States), HubSpot, Inc.(United States), V12 Data (United States), Reach Marketing LLC (United States), BRIDGE (United States), Infogroup Media Solutions (United States) and Avanci (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Resonant Analytics (United States), BB Direct (United States), Leadiro Holdings Ltd (United Kingdom), Celerity (United Kingdom) and Global Database Marketing, Inc.(United States).
Segmentation Overview
AMA Research has segmented the market of Global Database Marketing market by , Application (B2C and B2B) and Region.
On the basis of geography, the market of Database Marketing 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). If we see Market by Organization Size, the sub-segment i.e. Large Enterprise will boost the Database Marketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Marketing Type, the sub-segment i.e. Telemarketing will boost the Database Marketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Databases Type, the sub-segment i.e. Consumer Databases will boost the Database Marketing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trend to Increase Customer Retention by Building Relationships
Market Growth Drivers:
Multi-channel Marketing Improved Business Profitability and Identify Target Audience
Challenges:
Heightened Customer Expectations
Restraints:
High Cost of Database Management
Opportunities:
Cost-Effective Marketing Technique and Growing Improvements in Marketing Communications
Market Leaders and their expansionary development strategies
In December 2023, Acxiom acquires LiveRamp, this mega-deal combines two data giants, aiming to create a powerhouse in identity resolution and people-based marketing. The combined entity will boast a vast consumer identity graph and advanced data analytics capabilities.
In December 2023, MongoDB and Nielsen Partner on Consumer Insights Platform,this partnership combines MongoDB's data agility with Nielsen's consumer data and measurement expertise. It will provide brands with access to granular audience insights and enable data-driven marketing strategies.
Analyst View
The United Kingdom and the United States manufacturers will contribute to the maximum growth of the global database marketing market throughout the predicted period
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Database Marketing Providers, Database Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-User Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.