Pay-Per-Click Software Market Surges as Digital Advertising Dominates the Business Landscape

The increase in adoption of social media platforms, growing penetration of smart devices such as smartphones and tablets, and increased need to track and monitor the performance of the website are driving the growth of pay-per-click software market. In addition, the adoption of the advanced technology and the need to understand consumer behavior are the factors propelling the growth of the market. However, increased competition, high digital advertisement spending, and varying market standards are the factors hampering the growth of the market. Furthermore, the adoption of latest technologies, including artificial intelligence, machine learning, and big data analytics to convert the lead into a potential customer is providing lucrative opportunities to the growth of the pay-per-click software market during the forecast period.

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COVID-19 Scenario Analysis:

► The COVID-19 pandemic has impacted the work culture around various industry verticals. The pandemic has resulted in a significant drop in advertising expenditure. Various sectors such as hospitality, retail, and travel are extremely affected by the pandemic and these industries are looking for new technologies to better understand consumer behavior and are additionally looking for new methods. Pay-per-click software are benefiting these business sectors to reach target customers and helping them to overcome this economic downturn caused due to pandemic.

► The pay-per-click advertising tool performs multiple tasks such as to monitor the campaign expenditure throughout advertisement platforms, allowing, or pausing campaign elements, changing budget limits, planning a budget, and changing bids to the stakeholders. Therefore, it creates opportunities for service providers during the COVID-19 pandemic and drives the pay-per-click software market growth.

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The cloud-based segment is expected to display the highest growth during the forecast period owing to adoption of cost-effective marketing techniques. The growing adoption of software as a service-based pay-per-click administration platform throughout various industry verticals such as BFSI, retail, healthcare, and others would be likely to generate high demand for cloud-based service deployment method. Additionally, cloud-based solutions are better than on-premises solutions die to security regulations, less initial setup effort, and upgrade requirements.

Key benefits of the report:

► This study presents analytical depiction of the pay-per-click software market along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.

► The current market is quantitatively analyzed to highlight the pay-per-click software market growth scenario.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The report provides a detailed market analysis based on the present and future competitive intensity of the pay-per-click software market.

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Display advertising is a part of marketing, which focuses on advertising the product or services using online social media platforms. The pay-per-click software market is expected to grow during the forecast period owing to the increasing adoption of connected devices and growing penetration of the internet to enhance and monitor online advertisements. The increasing adoption of social media platforms among end-users is increasing the popularity of display marketing.

Other types of marketing such as social media advertising, online shopping, and others are expected to grow due to the increasing demand for pay-per-click software amongst end-users.

Key Market Players:

► Web.com Group Inc.

► Microsoft Corporation

► Optmyzr Inc

► WordStream

► Spaceboost

► Semrush

► Kenshoo Ltd

► Facebook Inc

► Marin Software Inc

► Alphabet Inc

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