About Marketing Cloud Platform
A marketing cloud platform is a cloud-based digital platform that includes marketing capabilities like emails, social media management, and analytics. By collecting important customer data such as consumer behaviour and preferences, Marketing Cloud systems construct an effective marketing strategy. Growing adoption of digital solutions especially fuelled by recent pandemic has led to the growth of the marketing cloud platform industry. Rising penetration of high speed connectivity through wireless and wired telecommunications services too has significantly bolstered the market of the marketing cloud platform. Increasing competition in the cloud space has led to cheaper alternatives presence in the market. Although cyber threats remain eminent. North America followed by Asia Pacific remain major markets.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Marketing Cloud Platform market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. 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.
Adobe Systems Inc. (United States), Oracle Corporation (United States), IBM Corporation (United States), Salesforce.com, Inc. (United States), Cision AB (Sweden), Hatchbuck (United States), Infusionsoft (United States), Etrigue Corporation (United States), Leadsquared (India) and Hubspot (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 Cheetah Digital (United States), RedPoint Global (United States) and Selligent (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Marketing Cloud Platform market by Type (Platform and Services), Application (Advertising, Designing, Sales Channel, Branding and Communications) and Region.
On the basis of geography, the market of Marketing Cloud Platform 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 End Use, the sub-segment i.e. Retail will boost the Marketing Cloud Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Public Cloud will boost the Marketing Cloud Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advertising and Communications Accounts for Largest Market Share
Market Growth Drivers:
Increasing Adoption of Cloud based Tools by Businesses, Rising Penetration of Internet and Cheaper Cloud Computing Solutions
Challenges:
Training of Professionals Required
Restraints:
Rising Number of Cyber Attack and Data Breach Incidents
Opportunities:
Public Cloud has Huge Potential to Expand in Asia Pacific Region
Market Leaders and their expansionary development strategies
In 2019, SAP SE, the German multinational software corporation has announced completion of acquisition of Emarsys, which is an Austria situated cloud-based marketing platform. Emarsys enables businesses to communicate with customers on a personal level across channels ranging from email to social media - a strategy known as experience management that is gaining steam as more people purchase online. The acquisition will significantly bolster SAP’s presence in the cloud marketing platform space.
In 2021, Demandbase, a United States based software company developing targeting and personalization platform for business-to-business companies has announced 2 new acquisitions primarily in the field of next generation B2B Marketing Cloud. One of the acquired companies includes InsideView, a sales and marketing intelligence platform, while the other being DemandMatrix, a provider of technographic data. The acquisition will enable Demandbase to expand its portfolio as well as integrate the expertise of Demandmatrix and Insideview under one end to end solution.
Key Target Audience
Marketing Cloud Platform Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners and End-Use Industries
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.