Account-Based Marketing Market to Witness Growth Acceleration During 2019-2025

Account-based marketing market size is forecast to possess attractive growth opportunities over 2019-2025. According to the IT Services Marketing Association’s (ITSMA) Account-Based Marketing Survey, in 2014, ABM delivers the highest ROI compared to other B2B marketing strategies. As ABM enables targeted attention toward growing revenue and generating pipeline with strategically-significant customers, it offers more recurring revenue, bigger deal sizes, and longer customer associations. Also, as companies are increasingly demanding and responding to personalized offers and marketing content, ABM enables enhanced audience engagement, leading to higher chances of deal closures compared to the traditional marketing practices.

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North America is expected to hold a significant share of the Account-based marketing marketover the forecast timeline due to the high penetration of ABM in this region, especially in the U.S. Due to the local presence of major market players such as Demandbase, 6Sense, and InsideView, the ABM ecosystem has evolved rapidly with more Small and Medium Businesses (SMBs) opting for ABM strategies to maximize their marketing ROI. Also, industry associations, such as the ITSMA, are offering novel insights to the B2B marketing community in the region regarding new technological solutions for enhancing the effectiveness of their marketing campaigns in a highly competitive landscape.

The companies operating in the Account-based marketing marketare engaged in new product developments and strategic commercialization to gain a competitive edge over other players by offering a more comprehensive target-marketing approach to their customers. For instance, in September 2018, Demandbase, one of the leading ABM solution providers, announced the integration with Salesforce Pardot to allow B2B marketers to access Demandbase’s anonymous website engagement and intent data with Sales Cloud and Salesforce Pardot. In January 2018, SourceMedia, a digital media company based in the U.S. launched its ABM product SourceSelect+. It analyzes SourceMedia’s first-party intent data for identifying prospects that are suitable for a client’s product. Some of the companies operating in the Account-based marketing marketare Demandbase, 6Sense, InsideView, AdDaptive Intelligence, Act-On Software, Celsius GKK International, Albacross, Engagio, Drift, Uberflip, Triblio, Terminus, Radius Intelligence, Marketo, MRP, Lattice Engines, Madison Logic, Kwanzoo, and Iterable.

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Among the key trends shaping the growing ABM landscape is the increasing popularity of social media and social advertising. A part of migrating to the ABM approach for companies includes reviewing their marketing strategies across social media channels. Social channels allow marketers to know various stakeholders in a company better in terms of their likes & inclination and behavior toward other marketing strategies in the absence of a face-to-face communication. A rightful combination of paid and organic efforts can make social media channels perfect for cross-channel ABM campaigns.

ABM is a long-term program and is highly resource-intensive. Technological innovations, such as data analytics, are accelerating the process for achieving faster and more accurate customer insights. By leveraging data analytics, marketers can easily determine customer interests & behavior and ensure that the sales personnel are readily equipped with the right marketing strategies at the right time. Disconnected audience behaviors can be seamlessly transformed into account-level insights by combining ABM and data analytics capabilities.

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