Digital Marketing Software Market Size
| Study Period: | 2018 - 2028 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | Asia Pacific |
| CAGR: | 14 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Digital Marketing Software Market Analysis
The digital marketing software market is expected to record a growth rate of CAGR of 14% during the forecast period. The digital marketing share in the overall marketing budget of organizations and real-time marketing is on the rise, owing to the increase in significant importance of digital marketing, which increases the need for digital marketing software. Buyers today are more empowered than ever and are using Omni-channels to buy a product.
- A recent study by Google found that 48% of consumers start their inquiries on search engines, while 33% search brand websites and 26% search within mobile applications. Businesses are ready and willing to engage with their customers on every digital platform with different devices, using digital marketing software, where habits can be tracked and analyzed.
- The proliferation of Big Data analytics in digital marketing and the increasing ease of purchasing by removing location constraints are expected to create opportunities for market growth. Social CRM solution is expected to garner high significance over the forecast period as organizations try to engage with customers on social sites, such as Facebook and Twitter, to publicize the brand and product.
- However, the lack of skilled labor in handling marketing software is expected to restrain the market growth. The shortage of qualified working professionals has resulted in a high fixed cost of software development.
- To keep businesses updated with the recent technological disruptions worldwide, marketing managers are strategically spending on automating their marketing processes and solutions to adopt the latest digital marketing trends. From social media marketing to SEO or content marketing, marketing managers are investing significantly to support and boost their sales. According to a published article by Advertising Age, in 2021, the full marketing services spending may amount to an estimated sum of USD 250.7 billion, out of which the majority was attributed to sales promotion.
- As the pandemic forced everyone at home most of the time, online shopping gained importance for both essential and non-essential items. However, with difficulty getting delivery time slots for groceries and slower shipping times for most items, there has also been a spike in ABM (Account-based marketing) solutions to personalize and enhance customer service through calls and interactions.
Digital ing Software Industry Segmentation
Digital marketing is integral to businesses’ success in the era of engagement marketing. Promoting products, brands, and services through online and mobile applications is quickly becoming vital for the success of businesses.
The Digital Marketing Software Market is Segmented by Deployment (On-premise, Cloud), Type (Search Engine Software, Content Marketing Software, Social Media Marketing, E-mail Marketing, Mobile Marketing, Marketing Automation), Industry (IT and Telecom, BFSI, Media and Entertainment, Retail, Manufacturing, Healthcare), and Region.
| DEPLOYMENT | |
| On-premise | |
| Cloud |
| TYPE | |
| Search Engine Software | |
| Content Marketing Software | |
| Social Media Marketing | |
| E-mail Marketing | |
| Mobile Marketing | |
| Marketing Automation Software | |
| Other Types |
| END-USER INDUSTRY | |
| IT and Telecom | |
| Media and Entertainment | |
| BFSI | |
| Retail | |
| Manufacturing | |
| Healthcare | |
| Other End-user Industries |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle-East & Africa |
Digital Marketing Software Market Trends
This section covers the major market trends shaping the Digital Marketing Software Market according to our research experts:
Email Marketing to Hold a Significant Market Share
- Email marketing is one of the primary marketing channels, considering the number of email users is close to 3.5 billion. Businesses across the world have utilized email marketing. Broadcasting an email to a potential client or consumer that could help in closing the sale is considered email marketing.
- Generally, email marketing involves sending advertisements, and newsletters, soliciting sales, requesting donations, and requesting businesses via emails.
- Email marketing has evolved drastically over the past few years. With the advent of e-commerce and smartphones, the number of users utilizing email services has grown in the previous decade, improving email marketing reach.
- With the vast amount of user data available, companies are focusing on automating the database to streamline the process and explore new ways of email marketing. This has provided an opportunity for companies to explore automated email marketing.
- Cybersecurity poses the biggest concern, as more email accounts are compromised by phishing scams and malware contained in email attachments. As a result, consumers are less confident in email marketing, and legitimate emails may be permanently reported or blocked.
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Asia-Pacific to hold a Major Market Share
- The rise in internet penetration in countries such as India and China has brought a significant region population online. This is expected to result in a profitable opportunity for digital marketing.
- The factor mentioned above is set to result in a growth of social media presence, leading to a surge in social media-based marketing campaigns.
- Over the last few years, India has evolved into a market remarkably suited for investment in the digital space, particularly for consulting firms that assist with transitioning to the digital sphere.
- As the Digital India strategy continues to take shape, it is very clear about a "cloud first" approach. The initiative aims to move legacy and on-premise systems to a cloud-based or integrated model. This initiative would result in the country's cloud-based digital marketing software adoption.
- Startups from developing countries are slowly expanding operations onto the global battlefield through investments from players intending to herald their growth. For instance, in January 2022, The Moon Carl acquired April and June Digital Private Limited, a digital marketing agency based in Pakistan that dabbles in delivering high-end multinational e-commerce, web development, app development, and full-spectrum digital marketing solutions.
To understand geography trends, Download Sample Report
Digital ing Software Industry Overview
The digital marketing software market is highly competitive and consists of several major players. Companies are increasing their market presence by securing new contracts and tapping new markets.
- In January 2021 - Mastercard launched digital acceleration of small businesses microsites across most of its Asia-Pacific websites with information on digitizing and running businesses efficiently, focusing on e-commerce platforms, digital marketing services, cybersecurity, and tools to reduce vulnerabilities.
- In January 2021 - Bloomreach announced a USD 150 million investment and the acquisition of a CDP (Consumer Data Platform) and Marketing Automation Provider Exponea. Bloomreach majors in commerce experience, with deep product data and AI to help people find the right product and deliver great experiences on e-commerce sites. The astonishing growth of e-commerce and digital marketing over 2020 led to this decision.
Digital Marketing Software Market Leaders
Oracle Corporation
Microsoft Corporation
Google LLC
IBM Corporation
Salesforce.com Inc.
*Disclaimer: Major Players sorted in no particular order
Digital Marketing Software Market News
- In July 2022 - Fobi AI Inc., a pioneer in using artificial intelligence to provide real-time data analytics to boost operational effectiveness and profitability, unveiled a new digital and content marketing agency to go along with the introduction of their platform as a service model. Customers will receive managed services for Fobi's multiple Pass Pro and Wallet pass solutions and coupon marketing through the platform as a service approach.
- In May 2022 - A top worldwide technology business called Zoho Corporation unveiled Zoho Marketing Plus, a new platform that unifies marketing activities such as campaign creativity, design, execution, management, and measurement.
Digital Marketing Software Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
2. RESEARCH METHODOLOGY
2.1 Research Phases
2.2 Analysis Methodology
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness- Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Increased Utilization of Digital Media
4.4.2 Rising Trend in Adoption of Cloud Technology
4.4.3 Increasing Need to Improve Customer E-experience
4.5 Market Restraints
4.5.1 Evaluating the Right Kind of Digital Marketing Solution
4.6 Assessment of COVID-19 impact on the industry
5. MARKET SEGMENTATION
5.1 DEPLOYMENT
5.1.1 On-premise
5.1.2 Cloud
5.2 TYPE
5.2.1 Search Engine Software
5.2.2 Content Marketing Software
5.2.3 Social Media Marketing
5.2.4 E-mail Marketing
5.2.5 Mobile Marketing
5.2.6 Marketing Automation Software
5.2.7 Other Types
5.3 END-USER INDUSTRY
5.3.1 IT and Telecom
5.3.2 Media and Entertainment
5.3.3 BFSI
5.3.4 Retail
5.3.5 Manufacturing
5.3.6 Healthcare
5.3.7 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle-East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Adobe Systems Incorporated
6.1.2 SAP SE
6.1.3 Salesforce.com Inc.
6.1.4 IBM Corporation
6.1.5 Microsoft Corporation
6.1.6 Oracle Corporation
6.1.7 Google LLC
6.1.8 SAS Institute Inc.
6.1.9 Marketo Inc
6.1.10 HubSpot Inc.
6.1.11 Teradata Corporation
6.1.12 Infor Inc.
6.1.13 Criteo SA
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Digital Marketing Software Market Research FAQs
What is the study period of this market?
The Digital Marketing Software Market is studied from 2018 - 2028.
What is the growth rate of Digital Marketing Software Market?
The Digital Marketing Software Market is growing at a CAGR of 14% over the next 5 years.
Which region has highest growth rate in Digital Marketing Software Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Digital Marketing Software Market?
Asia Pacific holds highest share in 2020.
Who are the key players in Digital Marketing Software Market?
Oracle Corporation, Microsoft Corporation, Google LLC, IBM Corporation, Salesforce.com Inc. are the major companies operating in Digital Marketing Software Market.
Digital Industry Reporting Software Market
Statistics for the 2023 Digital ing Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Digital ing Software analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
