Content Marketing Software Market: Growing Adoption of Data-Driven Content Marketing Strategy
Content marketing software helps end-users to create personalize content and decrease content creation time. Customer experience is pivotal for increasing brand loyalty and retention, especially in consumer-centric industries. Content marketing software vendors also offer associated services to customers, which allow them to choose efficient content marketing strategies.
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Growing adoption of data-driven content marketing strategy, rising demand for analytics-based content marketing software, and increasing focus on personalized content drive the content management software market. The software is used across various industries such as consumer goods, education, telecom, IT, retail, health care, travel & hospitality, government, transportation, media, entertainment, and logistics. Increase in the number of online transactions in the BSI industry boost the demand for content marketing software. Rise in transactions in this sector force companies to employ efficient content marketing software for end-to-end customer experience. These factors are projected to boost the demand for content marketing software during the forecast period.
The latest trend of using advanced technologies such as data analytics, artificial intelligence (AI), and machine learning (ML) along with content marketing software help marketers to streamline their marketing operations and deploy data-driven strategies. Advancement in technologies help marketers create effective content for their customers. Software help reduce complexities faced by marketers while creating, enhancing, and publishing content.
Rise in investments in IT in the media and entertainment industry is anticipated to create lucrative opportunities for content marketing solution providers across the world, especially in North America. Additionally, increase in adoption of content marketing software in medium- and small-sized enterprises is anticipated to create lucrative opportunities for key players in the next few years. However, high software deployment and personnel costs are likely restrain the market during the forecast period. Furthermore, lack of skills to analyze data from multiple sources may also hinder the market.
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The global content marketing software market can be segmented based on component, end-use, enterprise size, and region. In terms of component, the content marketing software market can be divided into software on-premise, cloud-based (public cloud, private cloud), and hybrid and services. The services are further bifurcated into managed services and professional services (maintenance, integration, and installation). In terms of end-use, the content marketing software market can be divided into automotive, health care, agriculture, manufacturing, power & energy, and others. The others segment includes transportation and factory automation. Based on enterprise size, the content marketing software market can be classified into small & medium enterprises (SMEs) and large enterprises.
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