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Global Email Verification Software Market Size and Forecast 2033
Global Email Verification Software Market
According to The Business Research Company's, The email verification software market size has grown rapidly in recent years. It will grow from $0.59 billion in 2023 to $0.65 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to the rise of email marketing, data privacy regulations, increased online transactions, growth of cybersecurity concerns, and expansion of digital marketing.
The email verification software market size is expected to see rapid growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to emphasis on data quality, adoption of AI and machine learning, demand for real-time verification, integration with CRM and marketing automation, and mobile optimization. Major trends in the forecast period include blockchain-based verification, multi-channel verification, predictive analytics, enhanced verification APIs, and voice recognition verification.
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Market Drivers and Trends:
The rising adoption of cloud-based solutions is expected to propel the growth of the email verification software market going forward. Cloud-based solutions are software or services hosted, maintained, and accessed remotely over the internet rather than on local servers or devices. Cloud-based solutions are increasing due to scalability, cost-effectiveness, flexibility, accessibility, and the increasing adoption of digital transformation initiatives across industries. Email verification software ensures the accuracy of email lists, enhances deliverability rates, minimizes bounce rates, and protects the sender's reputation by validating email addresses in real-time through cloud infrastructure. For instance, in April 2023, according to data by Flexera, a US-based computer software company, in 2022, 87% of organizations adopted a multi-cloud, of which 72% adopted a hybrid cloud, 13% adopted a multiple public clouds, and 2% a multiple private clouds. Furthermore, the cloud spending by small and medium-sized businesses (SMBs) reflects a massive uptake, with 52% of the expenditure being more than $1.2 million in 2022, up from 38% reported in 2021. Therefore, the rise in the adoption of cloud-based solutions is driving the growth of the email verification software market.
Major companies operating in the e-merchandising software market are focused on developing innovative technologies, such as Digital Merchandising Suite, to gain a competitive edge in the market. A Digital Merchandising Suite is a comprehensive software solution designed to optimize the online retail experience by enhancing product presentation, promotion, and sales on e-commerce platforms. For instance, in February 2024, Monetate, a US-based software company, unveiled Monetate for Merchandisers, a pioneering solution crafted to empower e-commerce and digital merchandising teams to create unparalleled customer experiences that redefine product categories. It integrates AI with a comprehensive merchandising tool suite, allowing businesses to enhance product findability, increase catalog exposure, and reflect distinct brand value across the shopper journey. The suite is bolstered by a robust AB and MVT testing framework, enabling continuous optimization based on key performance indicators (KPIs) such as conversion rate (CVR) and average order value (AOV).
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
Twilio Inc, Mailchimp, Lusha Systems Inc, GetEmail.io, Validity Inc., Instantly, AtomPark Software Inc, Bounceless, Clearout LLC, DeBounce, Email Checker Ltd, EmailListVerify, FindThatLead S.L., HuBuCo Ltd, Hushly Inc, Interseller LLC, Kickbox Inc., Mailfloss, NeverBounce LLC, Proofy.io, TheChecker.co, ZeroBounce, WinPure Ltd, Email Hunter
Email Verification Software Market 2024 Key Insights:
• The email verification software market size is expected to see rapid growth in the next few years. It will grow to $0.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Rising Adoption Of Cloud-Based Solutions Is Fueling The Email Verification Software Market
• Continuous Innovations Transforming The Email Verification Software Market
• North America was the largest region in the email verification software market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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