Marketing (Campaign) Automation Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Transparency Market Research
Marketing automation deals with the software that not only help marketers comprehend lead generation and sales analytics, but also provides valuable insights about customer preferences and trends. Moreover, it enables marketers to oversee online marketing campaigns and evaluate their respective success outcomes, which helps them to allocate funds for the most successful campaigns. In order to optimize and automate leads, a company must leverage the tools of marketing automation. Software used for marketing automation addresses the management and automation of the company’s contact database, customer nurturing, email marketing, and other workflows.
Key drivers of the marketing automation software market is its productivity (RoI), channel agnosticism, increase in revenue generation, customer retention, user efficiency, increase in investment, and generation of leads. Another major driver of the market is productivity as it simplifies organizational and marketing tasks. Marketing automation eliminates repetitive manual processes by substituting it with automated solutions which ultimately results in increase in productivity. Marketing automation uses different marketing platforms such as SEO, CRM tools, and social media and hence are called channel agnostic. It is projected that major players performing in the marketing, identified marketing automation as a key contributor to improved revenue. Enterprises heavily rely on social media channels to obtain insights about customer preferences and trends. Customer acquisition and customer retention plays a vital role for the growth of a company. Thus, marketing automation helps in analyzing customer needs and retaining customers with the help of market intelligence. By enhanced investment in marketing automation, B2B companies experience significant increase in revenue due to increase in lead generation. The restraint for the market are the deployment challenges i.e. the implementation of the marketing software as it takes more time to adapt the changes. Lack of knowledge and analytical skills can have an adverse impact on the market acceptance of these technology solutions. Another restraint is the cost of the software. B2B companies or small to medium size businesses at times do not find the technology investment affordable, due to the steep rates of market automation tools. The aim of marketing automation software is to streamline sales and marketing activities by replacing high-touch, repetitive manual processes with automated solutions.
The marketing automation software market is segmented based on deployment, enterprise size, application, industry, and geography. By deployment, the market is segmented as SaaS and on premise. In terms of enterprise size, the market is classified into large, and small and medium enterprises. Based on applications, the market is classified into email marketing, account-based marketing, social media marketing, mobile marketing, digital adds, content based marketing, web based marketing, campaign management software, lead nurturing, and lead scoring. In terms of industry, the market is further classified into retail and consumer goods, healthcare, BFSI, travel and hospitality, automotive, telecommunication, education, manufacturing, media and entertainment, and marketing and advertising. Regional segmentation of the marketing automation software market include North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is projected to have highest share of the marketing automation software market. The growth rate is mainly because of increasing adoption of advanced business analytics techniques, which is a transition from traditional techniques of analyzing business data.
Key players in the marketing automation software market are Marketo, Inc., Pardot, Oracle Eloqua, Customer.io, HubSpot, Inc., Pica9, Inc., IContact Corporation, BuzzBuilder Pro, Salesfusion, Genoo, Adobe Systems Incorporated, Cognizant, Salesforce, and IBM Silverpop. Increasing adoption of cloud, growth of advanced analytics, emergence of Internet-of-Things based technologies, and adoption of data-driven decision making practices are some other factors that are stoking growth of the marketing automation software market.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.