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Multichannel Marketing Market Landscape 2025: Forecast Data and Growth Strategy Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Multichannel Marketing Market Through 2025?
In recent times, the market size of multichannel marketing has experienced significant expansion. Its anticipated growth will see it increase from $9.25 billion in 2024 to an impressive $11.65 billion in 2025, with a compound annual growth rate (CAGR) of 25.9%. Factors that led to this growth in the historic period involve the soaring popularity of e-commerce, increasing use of mobile devices, progress in digital advertising technologies, extensive spread of social media platforms, and the emergence of data analytics and personalization.
What's the Projected Size of the Global Multichannel Marketing Market by 2029?
The market for multichannel marketing is anticipated to experience a substantial increase in the coming years, predicted to reach $27.31 billion by 2029 with an annual compound growth rate (CAGR) of 23.7%. The projected growth for the forecasted period can be credited to several factors such as the incorporation of machine learning and artificial intelligence, the broadening of voice and visual search capabilities, the implementation of blockchain technology for enhanced data security and transparency, and the advent of 5G technology. The major trends predicted for this period include hyper-personalization, end-to-end customer journeys, engaging and immersive experiences, data privacy paired with consent management, and a focus on sustainability and social responsibility.
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Top Growth Drivers in the Multichannel Marketing Industry: What's Accelerating the Market?
The expansion of the multichannel marketing market can be attributed to the increasing usage of digital platforms. Digital platforms include various online mediums through which communication, information exchange, and transactions are electronically processed. This engagement is driven by factors such as greater internet connectivity, convenience, cost-efficiency, and constant innovation. Multichannel marketing leverages an array of these digital platforms to interact and connect with their target consumers across multiple points of contact, thereby ensuring a uniform, customized, and immersive experience that fosters connection, engagement, and lasting loyalty. For example, as per NGDATA, a digital experience firm based in Belgium, the expenditure on digital advertising was $522.5 billion in 2021 and is projected to escalate to $835.2 billion by 2026. Furthermore, social media advertising plays a crucial role in digital marketing with estimated global spending expected to increase from $141 billion in 2022 to approximately $262 billion by 2028. Hence, the surge in digital platforms is fuelling the expansion of the multichannel marketing market.
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What Are the Key Trends Driving Multichannel Marketing Market Growth?
Key businesses active in the multichannel marketing market are pioneering the development of multichannel texting platforms, designed to meet the burgeoning demand for a comprehensive and coordinated customer experience across different channels. Multichannel texting platforms are software solutions allowing businesses to convey and receive text messages through several channels of communication. These platforms allow businesses to engage their customers, clients or employees through text via different channels simultaneously. For example, in May 2023, Marigold, a US-based organization specializing in the delivery of relationship marketing solutions, unveiled SMS Capabilities for Emma Customers. This combined solution enables marketers to carry out personalized marketing campaigns with ease, without the need for additional training or complex set-ups. Users can employ the same contact lists, campaign workflows and reporting for both email and SMS within one platform, thereby streamlining their processes and speeding up the execution of campaigns. Emma by Marigold amplifies businesses' capacity to nurture customer relationships through specific messaging, which results in higher engagement and conversion rates across several sectors.
What Are the Main Segments in the Multichannel Marketing Market?
The multichannel marketing market covered in this report is segmented -
1) By Type: Websites, Mobile, Email, Other Types
2) By Channel Type: Selling Through Intermediaries, Dual Distribution, Reverse Channel
3) By Platform Insights: Global Positioning System (GPS), Search Engine Optimization (SEO), Email, Company Website
4) By Vertical: Information Technology And Telecommunications, Retail, Hospitality, Healthcare, Automotive, Consumer goods, Financial Services
Subsegments:
1) By Websites: E-Commerce Websites, Informational Websites, Blogs And Content Sites
2) By Mobile: Mobile Apps, SMS Marketing, Mobile Websites
3) By Email: Promotional Emails, Transactional Emails, Newsletter Emails
4) By Other Types: Social Media, Digital Advertising, In-Store Marketing
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Which Top Companies are Driving Growth in the Multichannel Marketing Market?
Major companies operating in the multichannel marketing market report are Mailchimp Inc.; International Business Machines Corporation; Oracle Corporation; SAP SE; Salesforce Inc; Adobe Inc.; SAS Institute Inc.; Act-On Software Inc.; HubSpot Inc.; ket*o Inc; Zoho Corporation; Constant Contact Inc; Hootsuite Inc.; ActiveCampaign LLC; Sendinblue; Acoustic; SharpSpring Inc.; Pardot Inc; Eloqua Inc.; Infusionsoft; Klaviyo Inc; ClickDimensions Inc; Campaign Monitor; ConvertKit; GetResponse; AWeber Communications
Which Regions Will Dominate the Multichannel Marketing Market Through 2029?
North America was the largest region in the multichannel marketing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multichannel marketing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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