About Digital Marketing Software
Digital marketing software provides the prospect of enhancing the customer interaction via various sources like social networking sites, instant messaging systems, and mobile apps. Increasing adoption of digital marketing software is owing to the widespread social media platforms, growing digital marketing budgets in organizations, as well as increased internet penetration. Furthermore, the cloud solutions have played an important role due to its benefits such as minimum IT investments, cost effectiveness, as well as easy accessibility. The rising competition has demanded the emergence of marketing strategies from sales to satisfaction & retention of customers. Additionally, growing internet penetration & digitalization has offered the marketers with enormous scope to target their customers and improve the user experience. With these factors, the global digital marketing software growth is likely to boost over the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
CAGR | 14.7% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Digital Marketing Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Microsoft Corporation (United States), Salesforce.Com, Inc. (United States), Oracle Corporation (United States), SAP SE (Germany), Marketo Inc.(United States), Hewlett-Packard (United States), Adobe Systems Incorporated (United States), IBM Corporation (United States), HubSpot Inc.(United States) and SAS Institute Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Act-On Software (United States) and SimplyCast Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Digital Marketing Software market by Type (Customer Relationship Management Software, Email Marketing Software, Social Media Advertising, Search Marketing Software, Web Content Management Software, Marketing Automation Software, Campaign Management and Video Advertising), Application (Banking, Financial Services, and Insurance, Transportation and Logistics, Consumer Goods and Retail, Education, Healthcare, Manufacturing, Media and Entertainment, Telecom and IT, Travel and Hospitality and Others) and Region.
On the basis of geography, the market of Digital Marketing Software 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Type, the sub-segment i.e. On-Premises will boost the Digital Marketing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Digital Marketing Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Popularity of Mobile Advertising with Growing Mobile Devices
Market Growth Drivers:
Growing of Social Media & Social Advertising and Custom-made Marketing Materials Attractive to Each Individual
Challenges:
Rapid technology advancements
Restraints:
Privacy & Security Concerns for Confidential Data
Opportunities:
Digital Engagement through VR and AR and Growing Requirement of AI and Big Data Analytics in Digital Marketing
Market Leaders and their expansionary development strategies
In August 2023, Microsoft Advertising collaborates with TikTok Ads to offer marketers seamless campaign management across both platforms, tapping into TikTok's explosive growth.
In October 2023, Semrush introduces "Marketing Cloud", a unified platform consolidating its SEO, content marketing, and social media tools for streamlined workflows.
Key Target Audience
Digital Marketing Software Providers, Value-Added Resellers (VARs), Research Organizations and Universities, Consulting Companies, Cloud Platform Providers, Technology Providers, Investors and Venture Capitalists, Suppliers, Distributors, and Contractors and End Users/Enterprise Users
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.