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Multichannel Marketing Hubs Market Size, Deep Analysis, Growth Statistics, Share, Trends And Forecast To 2033
Multichannel Marketing Hubs Market Size
According to The Business Research Company's, The multichannel marketing hubs market size has grown rapidly in recent years. It will grow from $5.25 billion in 2023 to $5.8 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increasing digitalization, growing demand for personalization, regulatory compliance requirements, competitive pressure, and market dynamics
The multichannel marketing hubs market size is expected to see rapid growth in the next few years. It will grow to $8.76 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to emphasis on customer experience, integration of offline and online channels, rise of account-based marketing, and shift towards unified customer data platforms. Major trends in the forecast period include omnichannel orchestration, real-time personalization, enhanced data privacy and compliance, integration with emerging channels, and expansion of customer journey analytics.
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Market Drivers and Trends:
The rising significance of social media is expected to propel the growth of the multichannel marketing hub market going forward. The rising significance of social media lies in its global reach, facilitating communication, networking, marketing, influence, customer engagement, information sharing, and cultural expression. Multi-channel social media marketing helps to enhance engagement with users on multiple platforms, encourage conversations, and build relationships with potential customers. For instance, in January 2022, according to DataReportal, a Singapore-based online reference library, there were 4.62 billion social media users around the world in January 2022, an increase from 4.19 billion in January 2021. Therefore, the rising significance of social media is driving the growth of the multichannel marketing hub market.
Major companies operating in the multichannel marketing hub market focus on the development of AI and machine learning technologies, such as AI content generators, to enhance competitive edge and customer engagement. The AI content generator platform improves computer-generated content by rewriting existing material using human logic, resulting in the creation of high-quality articles. For instance, in April 2023, Constant Contact Inc., a US-based advertising services company, launched the first multichannel AI content generator designed for small businesses and nonprofits. It enables customers to automate copywriting for email, text, and social media campaigns. This platform built with the company's proprietary data and AI algorithms, identifies the most engaging content for small business customers, and automating the writing process allows users to efficiently create engaging messages, thereby saving precious time.
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Major Key Players of the Market:
International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce Inc, Adobe Inc, Experian plc, SAS Institute Inc, Pegasystems Inc, Catalina Marketing Corporation, Zeta Global Holdings Corp, Acquia Inc, Optimizely CMS, Selligent Marketing Cloud, AdMedia Partners Inc, Epsilon Data Management LLC, Maropost Inc, RedPoint Global Inc, Sailthru Inc, Cheetah Digital Inc, Toggl OU, Media Culture LLC, Nexcessnet LLC, Adfire Health LLC, Emma, Vuture Ltd, Ninja Promotional Marketing Inc
Multichannel Marketing Hubs Market 2024 Key Insights:
• The multichannel marketing hubs market size is expected to see rapid growth in the next few years. It will grow to $8.76 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
• Influence Of Social Media On The Multichannel Marketing Hub Market
• Developments In AI And Machine Learning Technologies
• North America was the largest region in the multichannel marketing hubs market in 2023
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