The report segments the global digital marketing software market by deployment (cloud-based model and on-premises model) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Here are some key findings of the global digital marketing software market, according to Technavio ICT researchers:
- Increasing budget for digital marketing: a major market driver
- Technological advancements: emerging market trend
- The Americas dominated the global digital marketing software market with 40% share in 2017
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
Increasing budget for digital marketing: a major market driver
The continuous increasing budget allocation for digital advertising and marketing is a crucial factor driving the global DMS market. Digital marketing is still dominating the marketing budget of enterprises as DMS helps to keep track of the ROI pertaining to any digital marketing activity or campaign. This leads to additional transparency in the digital marketing process. DMS creates a transparent link between digital marketing activities and eventual sales revenue as well as results; it also provides a numeric score of all marketing activities.
One of the other factors driving the demand for digital marketing is the implementation of customer-centric perspective across enterprises. Digital marketing strategies are an important determinant of success for every company. Thus, DMS is now recognized as a tool to maintain competitiveness, thereby, increasing the budget allocation. To remain competitive in the market, a well-designed and unified digital marketing strategy is important and this, in turn, is driving the global DMS market.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Increased acceptance of cross-platform and multi-channel marketing: emerging market trend
The number of digital channels to reach end-users is endless. Such channels are scattered across different geographies and are growing at a fast rate and providing a massive opportunity for marketers to target their customers appropriately. It is necessary to provide a unified experience to these users that are actively consuming a diverse set of digital media. DMS will guide the focus of digital marketing and is expected to shift from these channels to end-users. The digital marketing content is supposed to be appropriately optimized for its delivery and consumption across these various channels to a differentiated set of users.
According to a senior analyst at Technavio for research on enterprise application, “Cross-platform digital marketing is a trending factor in today's world. Digital marketing is not restricted and includes various platforms and systems, which is expected to expand in scope. Digital marketing is present on different platforms like mobile apps, videos, live streaming, mobile games, social media, and many other channels. The latest technology trend is live streaming. Live brand experiences through live streaming has opened opportunities for marketers to target the appropriate audience effectively.”
Global market opportunities
In terms of regional dominance, the Americas led the global digital marketing software market, followed by EMEA and APAC in 2017. The maturity of the industrial sector, economic growth, increased Internet penetration, and the presence of major DMS players is driving the market in the Americas and attracting more investments in the global DMS market.
In EMEA, the DMS market is driven by the presence of some of the most advanced economies of the world. APAC is also expected to increase the distribution of advanced software and accelerated adoption of technology across verticals, which will fuel the growth of DMS in this region.
Big savings with Technavio this February!
Get 20% OFF on all Education Technology reports. This offer is valid only till the 28th of this month.
Celebrate winter sports with 23% OFF on all reports in the Outdoor Gear library (Offer valid from Feb 9-25).
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.