Press release
Marketing Automation Market Poised for 9.1 % Growth, Set to Hit $5.49 Billion by 2029
Marketing Automation
The surging prevalence of big data and data analytics tools are anticipated to fuel the expansion of the marketing automation market. These tools have become essential for marketing automation firms due to their capability to offer profound insights about customers, enabling them to present appropriate offers at opportune times, foster potential customers, and aid in advanced lead scoring. By utilizing principles and techniques from big data and data science, a marketing automation firm can flexibly react to the behavior of their ongoing and potential clients and create a suitable strategy. For instance, Tech Jury, a U.S.-based software and tech review firm, projected that the big data analytics market would hit $103 billion by 2023. Moreover, statistics suggest that data production will surpass 180 zettabytes by 2025. Furthermore, the Big Data banking analytics market is forecasted to attain a growth rate of 12.97% from 2020 to 2025, achieving $62.10 billion by 2025. Hence, the rise of big data and data analytics serves as a key drive for marketing automation development.
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What is the future CAGR of the marketing automation market, and how will it impact industry expansion?
The dimension of the marketing automation sector has seen significant expansion in the past years. The market value is projected to escalate from $6.79 billion in 2024 to $7.44 billion in 2025, marking a compound annual growth rate (CAGR) of 9.5%. The historic period's growth can be linked to the rising desire for personalized customer journeys, the necessity for generating and nurturing leads, the need for simplification of marketing operations, the measurement and analysis of campaign efficacy, and the syncing of sales and marketing strategies.
The market size for marketing automation is projected to experience robust expansion in the coming years, reaching a value of $10.54 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. This growth within the projection period is linked to factors such as the rise of account-based marketing (ABM), use of AI and machine learning applications, focus on multichannel marketing, and emphasis on customer retention and loyalty. Key trends during the projection period include emphasis on automating customer retention, dynamic content, marketing operations and revenue attribution, along with compliance and data privacy automation and integration with customer relationship management (CRM) systems.
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What are the most significant trends transforming the marketing automation market today?
Leading businesses in the marketing automation market are concentrating on the development of superior marketing automation platforms to strengthen user interaction, increase campaign efficiency, and utilize data analytics for improved decision-making. The platform works in collaboration with online stores such as Shopify, enabling businesses to efficiently manage their promotions and revenue tracking. For instance, Zoho Corporation Pvt Ltd, an Indian company, introduced Zoho Marketing Automation 2.0, a marketing automation platform, in October 2023. Now, the platform comprises robust lead generation instruments from existing Zoho applications, leading to smooth customer experiences across different platforms. The integration with Zoho Social allows for specific campaigns on major platforms like Facebook and Instagram. The use of PageSense's abilities lets users monitor customer acquisition and refine web pages depending on visitor behavior. The built-in feature, Drag-and-Drop Landing Page Builder, enables users to design landing pages seamlessly with a visual editor.
Which key market segments comprise the marketing automation market and drive its revenue growth?
The marketing automation market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: On-Premises, Cloud
3) By Organization Size: Small and Medium-Sized Enterprises, Large Enterprises
4) By Application: Digital marketing, E-Mail marketing, Mobile marketing, Inbound marketing, Social Media marketing, Campaign Management, Other Applications
5) By End-Use: BFSI, Retail, Healthcare, Telecom And IT, Discrete Manufacturing, Government And Education, Other End-Users
Subsegments:
1) By Software: Email marketing Software, Social Media marketing Software, Lead Management Software, Customer Relationship Management (CRM) Integration, Analytics and Reporting Tools
2) By Services: Consulting Services, Implementation Services, Support and Maintenance Services, Training and Education Services
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What regions are at the forefront of marketing automation market expansion?
North America was the largest region in the marketing automation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marketing automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the marketing automation market?
Major companies operating in the marketing automation market include Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Salesforce.com Inc., Adobe Inc., SAS Institute Inc., Teradata Corporation, HubSpot Inc., Thryv Holdings Inc., ActiveCampaign Inc., Keap Inc., Act-On Software Inc., SharpSpring, Inc., Infusionsoft Inc., Ontraport Inc., Autopilot HQ Inc., Greenrope Inc., eTrigue Corporation, Prospect.io, Sendinblue SAS, Insidesales.com Inc.
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What Is Covered In The Marketing Automation Global Market Report?
•Market Size Forecast: Examine the marketing automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the marketing automation market for a structured understanding.
•Key Players Overview: Analyze major players in the marketing automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the marketing automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the marketing automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the marketing automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the marketing automation market.
•Competitive Landscape: Review strategic developments in the marketing automation market, including expansions, agreements, and new product launches.
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