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Global Direct Marketing Market Growth Prospects, Future Industry Landscape 2033 | International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Salesforce.com Inc., WPP plc
Direct Marketing Global Market Report 2024
As per the report, the direct marketing market size has grown strongly in recent years. It will grow from $179.02 billion in 2023 to $191.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The direct marketing market size is expected to see strong growth in the next few years. It will grow to $250.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
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Rising Video Marketing Adoption Fuels Growth In Direct Marketing Market
The expanding adoption of video marketing is expected to propel the growth of the direct marketing market going forward. Video marketing is the strategic use of video content to promote and market a product or service, engage an audience, and drive sales. The rising adoption of video marketing is driven by its proven effectiveness in capturing attention, enhancing engagement, and boosting conversion rates. Video marketing enhances direct marketing approaches by delivering compelling and engaging content directly to targeted audiences, fostering stronger emotional connections, and driving higher conversion rates. For instance, in February 2024, according to a survey conducted by Wyzowl, a UK-based video marketing agency and software company, in a survey of 967 unique respondents, the adoption of video content marketing by businesses increased to 91%, reflecting an increase from the 86% usage rate observed in 2022. Moreover, 75% of video marketers report having utilized AI tools to aid in the creation or editing of marketing videos. Therefore, the expanding adoption of video marketing is driving the growth of the direct marketing market.
AI-Powered Product Finder Revolutionizes Direct Marketing
Major companies operating in the direct marketing market are focusing on the use of AI and machine learning, such as an AI-based real-time product finder tool, to personalize product recommendations by predicting user preferences. An AI-based real-time product finder tool leverages artificial intelligence algorithms to assist users in quickly and accurately locating products that meet their specific needs and preferences. For instance, in April 2024, SAP Emarsys, an Austria-based enterprise software company, introduced the product finder AI shopping tool. This tool enhances the customer shopping experience by predicting user preferences and providing tailored product recommendations. Additionally, it features real-time personalization, which adapts to user interactions on-the-fly, and advanced data analytics, which helps marketers understand customer behavior patterns more effectively. This integration of AI and machine learning in direct marketing improves customer engagement and drives higher conversion rates and a better return on investment for businesses.
The direct marketing market covered in this report is segmented -
1) By Types: Direct Mail, Telemarketing, Email Marketing, Text (SMS) Marketing, Other Types
2) By Application: Business To Business, Business To Government, Business To Consumers
3) By End User: Retail, Banks And Financial Institutions, Transportation, Media And Entertainment, Government, Other End-Users
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Major companies operating in the direct marketing market are International Business Machines Corporation (IBM), Oracle Corporation, SAP SE, Salesforce.com Inc., WPP plc, Adobe Inc., Publicis Groupe, Interpublic Group of Companies Inc. (IPG), Dentsu Group Inc., Experian Marketing Services, Alliance Data Systems Corporation, RR Donnelley & Sons Company, Equifax Inc., Merkle, Nielsen Holdings plc, Quad/Graphics Inc., Dun & Bradstreet Corporation (D&B), Criteo, HubSpot Inc., Endurance International Group Holdings Inc. (owns Constant Contact), Acxiom Corporation, Zeta Global, Data Axle (formerly InfoGroup), Epsilon (Publicis Epsilon), Harte Hanks, Sendinblue, CM Group Limited (owns Campaign Monitor), Ogilvy & Mather, Valassis Communications Inc.
Contents of the report:
1. Executive Summary
2. Direct Marketing Market Report Structure
3. Direct Marketing Market Trends And Strategies
4. Direct Marketing Market - Macro Economic Scenario
5. Direct Marketing Market Size And Growth
…..
27. Direct Marketing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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