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DUBLIN–(BUSINESS WIRE)–The “Marketing
Automation Software Market – Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
The marketing automation software market was estimated at USD 5.1
billion in 2018 and is expected to be USD 14.15 billion in 2024,
registering at a CAGR of 19.2% through the forecast period (2019-2024).
Owing to the increasing significance of marketing in generating sales
and customer retention, marketing services are witnessing a rise in
The GroupM, one of the world’s largest advertising media company
regarding billings, reported a surge in marketing services spending from
USD 375.19 billion in 2012 to USD 457.07 billion in 2017.
In 2017, the Americas saw an 8% year-on-year growth in regional internet
penetration. The United States contributed 22 million (nearly 25%) of
the 88 million new social media users across the region in the past
year. Thus, there arises an increasing need for improving customer
experience, which is one of the major factors driving the market for
marketing automation software.
The market is witnessing a shortage of skilled professionals who can
guide users to get better results from web analytics solutions and can
convert them into actionable insights and information.
In the United States, investments in the digital marketing companies in
the region are pushing the market forward. For instance,
PrintingForLess.com in 2018 raised investment from Goldman Sachs Growth
Equity worth USD 25 million, which would primarily be used to expand the
capabilities of CRM platforms and marketing automation.
Key Market Trends
E-mail Marketing Expected to Be a Significant Application
Email marketing is one of the primary channels of marketing, considering
the number of email users, which is close to 3.5 billion. Businesses
around the world have utilized email marketing. Broadcasting an email to
a potential client or consumer that could help in closing the sale is
considered as email marketing. Generally, email marketing involves
sending advertisements, newsletters, solicit sales, request donations,
and request 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 service had increased in the previous decade, which improved the
reach of email marketing. 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. Gmail revealed that 68.4% of the incoming emails are
classified as promotions (as of February 2017). Such figures emphasize
the penetration of email marketing.
In October 2017, a global provider of email marketing and automation
software, Aweber, introduced click automation to its e-mail automation
platform. With this update, users can segment their audience (based on
the links they click) and send more relevant emails to convert the leads
into their conversion funnel.
China Expected to Witness Significant Growth
China is one of the digital marketing powerhouses. The country boasts of
the world’s second-largest search advertising market and spends more on
digital advertising than Japan, Indonesia, Australia, and South Korea,
The country is transforming the way businesses think about their
marketing strategy. Due to its massive scale and unique consumer
behavior, the Chinese market has forced firms to be creative about their
marketing strategies, which also applies to market automation.
In China, more than half (57.2%) of advertisement expenditure went
toward the internet in 2017, implying that the digital marketing
landscape is more competitive than ever. Moreover, social media
platforms, such as Weibo, WeChat, and Tieba, and search engines (Baidu)
have launched advertising products focusing on people, targeting to
increase marketing performance. Around 66% of the country’s population
uses WeChat, posing lucrative opportunities in the social media
The country is witnessing an increase in advertising expenditure by
organizations. For instance, according to GroupM, one of the world’s
largest advertising media company, the advertising spending in 2017 was
USD 86.28 billion in China.
Although advertising expenditure in the country is relatively high with
various industries adopting marketing strategies to gain recognition in
the market, the number of companies adopting marketing automation
software in the region is relatively low due to lack of awareness.
The marketing automation software market has several products available.
Hence, being innovative in the market is crucial, as consumers are
opting for products with the latest features. The capital expenditure is
also high, which has helped companies with powerful competitive
strategies to move forward rapidly.
Growing demand for marketing automation solutions is driving the huge
investments in the industry, to develop new products. Large
technological companies are aggressively pushing to acquire small tech
companies, and gain an advantage.
The industry is witnessing many mergers and acquisitions. Thus,
competition in the industry is intensifying significantly. Some of the
key players in the market are Adobe, IBM, and Microsoft.
Some key developments in the market are as follows:
Adobe acquired Magento Commerce, a market-leading commerce platform;
the acquisition is expected to deliver a single, end-to-end digital
experience platform, including content creation, marketing,
advertising, analytics, and commerce for the B2B and B2C customers.
The Magento platform brings together digital commerce, order
management, and predictive intelligence to enable shopping experiences
that scale for businesses of any size.
Marketo and Clari, an AI sales solution provider, announced a
strategic partnership, designed to unite sales and marketing teams and
accelerate deals, by providing a single, comprehensive view of the
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for Digital Marketing
4.3.2 Rising Demand to Integrate Marketing Efforts
4.4 Market Restraints
4.4.1 Lack of Skilled Professionals across the Industry
4.5 Value Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
5 Market Segmentation
5.1 By Deployment
5.2 By Application
5.2.1 Campaign Management
5.2.2 Email Marketing
5.2.3 In-bound Marketing
5.2.4 Lead Management
5.2.5 Mobile Application
5.2.6 Social Media Marketing
5.2.7 Other Applications
5.3 By End-user Vertical
5.3.1 Entertainment and Media
5.3.2 Financial Services
5.3.7 Other End-user Verticals
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6 Competitive Landscape
6.1 Company Profiles
6.1.1 Act-On Software Inc.
6.1.2 Adobe Systems Incorporated
6.1.3 Hubspot Inc.
6.1.4 IBM Corporation (Silverpop)
6.1.5 Marketo Inc.
6.1.6 Microsoft Corporation
6.1.7 Oracle Corporation
6.1.8 Salesforce.com Inc.
6.1.9 Salesfusion Inc.
6.1.10 SAS SE
6.1.11 Teradata Corporation
7 Investment Analysis
8 Market Opportunities and Future Trends
For more information about this report visit https://www.researchandmarkets.com/research/8f66jr/the_global?w=4
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