What is Account Based Marketing (ABM) Software Market?
Account-based marketing is an alternative of a B2B strategy that concentrates sales and marketing resources on a clearly defined set of target accounts within a market. It employs personalised campaigns designed to resonate with each account. The account-based marketing inverts the standard demand generation process which starts by creating the content and messaging, then distributing it among relevant channels. Moreover, the software comes with various features such as Account targeting and selection, Audience segmentation, Multichannel outreach orchestration, Account-based web personalisation, Account-based advertising, and sales intelligence.
Highlights from Account Based Marketing (ABM) Software Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Marketo (United States), Outreach (United States), Terminus (United States), Triblio (United States), Adobe Campaign (United States), InsideView (United States), DiscoverOrg (United States), Jambo (United States), Act-On (United States) and Demandbase (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Account Based Marketing (ABM) Software market throughout the forecasted period.
Marketo (United States), Outreach (United States), Terminus (United States), Triblio (United States), Adobe Campaign (United States), InsideView (United States), DiscoverOrg (United States), Jambo (United States), Act-On (United States) and Demandbase (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are LeanData (United States). Account Based Marketing (ABM) Software Market Segmentation:
Scope | Sub-Segments |
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Features | Account targeting and selection,Audience segmentation,Multichannel outreach orchestration,Account-based web personalisation,Account-based advertising,Sales intelligence,Intent data |
Industry Vertical | Automotive,IT & telecom,Media & entertainment,Others |
Deployment | Cloud,On premise |
Solution | Predictive sales analytics and sales intelligence,Lead management and marketing automation,Content personalization and content marketing |
On the basis of geography, the market of Account Based Marketing (ABM) 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.
Influencing Trend:
Technological Developments in the Marketing Software
Market Growth Drivers:
Gaining Traction as it Provides New Ways for B2B Marketers to Manage Strategic Customer Engagement and Benefits Such as Increase in the Long-Term Value of the Customer
Challenges:
Need of Substantial Investment of Resources and Time
Restraints:
High Initial Costs Associated with Instalment of Software
Opportunities:
Increasing Demand by Organisations to Close More Deals by Targeting Specific Accounts and Increasing Focus on Marketing and Advertisements by Organisations
Key Target Audience
Government associations, Research organisations, software vendors and Others
Market Leaders & Development Strategies
In December 2022, BC Partners, an esteemed international investment firm, revealed the signing of a definitive agreement to secure a majority stake in Madison Logic, the foremost global provider of Account Based Marketing (ABM), from Clarion Capital Partners (Clarion). Madison Logic's CEO Tom O'Regan and Co-Founders Vin Turk (COO) and Erik Matlick, alongside Clarion, will retain their ownership stakes in the company and collaborate with BC Partners to support and drive the business forward.
In February 2023, hireEZ, a company specializing in talent acquisition solutions, announced the launch of its Account Based Marketing (ABM) strategy in collaboration with 6sense, a leading provider of AI-powered sales and marketing platforms. This strategic partnership has resulted in a significant increase of open opportunities by 40% for hireEZ. The implementation of ABM techniques has allowed hireEZ to target and engage with key accounts more effectively, resulting in improved business outcomes and enhanced growth opportunities.