What is Marketing Attribution Software Market?
The marketing attribution software market is expected to grow in the future due to the adoption of advanced technologies such as big data and AI in software and the increasing need to increase the agility of marketing operations. Marketing attribution software is software that helps companies to determine how actions, events, or touchpoints during the prospecting and sales processes contribute to the success of their marketing and sales teams. A growing need to optimize the marketing spending of enterprises and the requirement of effective tracking of customer behavior for targeted marketing activities are drivers for the market.
The market study is being classified, by Application (Large Enterprises and SMEs) and major geographies with country level break-up.
Adobe (United States), SAP (United States), Google (United States), Visual IQ (United States), Oracle (United States), Rockerbox (United States), Neustar (United States), Engagio (United States), LeadsRx (United States), LeanData (United States), Singular (United States), Marketing Attribution (United States) and Attribution (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CaliberMind (United States), WIZALY (France) and OptiMine (United States).
The Marketing Attribution Software companies are focusing on research and development and planning to expand their service portfolio worldwide. The companies are engaging in developing easier operations with marketing features for any platform. The key players are also planning for merger and acquisition activities to maintain their market presence. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Marketing Attribution Software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Marketing Attribution Software market by Type, Application and Region.
On the basis of geography, the market of Marketing Attribution 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Need to Determine & Optimally Utilize the Marketing Expenditure
- Rising Demand for Enhancement in Marketing Spend and Effective Tracking of Customer Behavior
Market Trend
- Growth in the Cloud-Based Marketing Attribution Software
Restraints
- User Data Security or Data Theft
Opportunities
- Technological Upgradation and Advancement in the Marketing Attribution Software such as Use of Big Data Analytics and AI
- Massive Investments in the Integration of Cloud-Based Platform
Challenges
- Integration of Marketing Attribution Software With Other Business Applications
Market Leaders and some development strategies
In April 2018, Marketo, Inc. announced that it has acquired Bizible. The acquisition combines two best-in-class companies with complementary technologies and analytics, designed to supercharge marketing and allow organizations to seamlessly link revenue back to marketing investment.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Marketing Attribution Software Providers, Government Regulatory and Research Organizations and End-Use Industries