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Marketing Automation Market Future Trends, Opportunities and Strong Growth in Future 2027

marketing automation market size is expected to grow from USD 5.2 billion in 2022 to USD 9.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. The rising adoption of SMAC technologies, need for personalized marketing to maximize returns by reaching target audience are a few factors driving the growth of the marketing automation market.

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Key Players

The major Players for marketing automation market includes Adobe (US), IBM (US), Oracle (US), Salesforce (US), Microsoft (US), HubSpot (US), Keap (US), Thryv (US), Sendinblue (France), Teradata (US), Act-On Software (US), ActiveCampaign(US), SAS (US), GetResponse (Poland), SharpSpring (US), ClickDimensions (US).

IBM has consistently been acquiring companies to enhance its technological and marketing capabilities and gain a competitive advantage in the marketing automation market. The AI-powered Watson marketing assistant provides users with access to KPIs, open rates, tone analysis, industry benchmarks, campaign reports, trends, performance predictions, and more, through its self-learning, conversational interface. With flexible and optimized information architecture, Watson enables users to accelerate production and deployment based on AI. With Watson, it allows to create predictive models of customer behavior, with this we make more accurate predictions, we can automate the processes, and increase the user experience. The company is involved in expanding its product portfolio majorly through product upgrades and product launches.

Services help organizations in effective integration and implementation of marketing automation software with the existing in-house infrastructure

The services segment of marketing automation is expected to have a promising future due to various integration of marketing applications. Services help organizations in building successful customer relationships by continuously supporting them through their business tenure. They also benefit the organizations by enhancing the marketing project execution and streamlining marketing operations. The growing need for integrating marketing automation with other enterprise business applications to drive the growth of marketing automation services. These services offered by vendors help users select the best marketing automation software, which is appropriate to their business needs

The Cloud-based marketing automation solutions help reduce the overall costs and provide highly flexible and scalable access to solutions through the IT infrastructure hosted by the cloud service provider.

The rising shift from On-premises to cloud infrastructure is propelling the demand for marketing automation solutions. This is due to various benefits of the cloud that include 24x7 data accessibility, rapid implementation, reduced setup, and operational cost, which is Capital Expenditure (CAPEX) and Operating Expense (OPEX), less maintenance cost, scalability, and ease of use for an organization with limited IT staff and budget. The adoption of cloud deployment has risen to grow substantially over the five years, especially in SMEs, as this deployment type provides features, such as pay-per-use, scalability, and flexibility, and offers reduced installation and maintenance costs. These features are expected to increase the demand for cloud-based marketing automation for improving customers’ journeys and brand initiatives.

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The growing demand for social media can increase brand awareness and rise website traffic

The social media marketing application are expected to grow at higher CAGR during the forecast period. Social media automation is the process of using automated tools to improve their social media presence through content curation and scheduling social media posts in advance. Automation tools can help reduce the amount of time spent gathering posts and increase audience engagement

The intensely competitive market scenario has encouraged SMEs to invest in automated solutions to achieve high business efficiency

The SMEs segment is expected to experience a high adoption rate of marketing automation and its associated services. The marketing automation software makes cross-channeling content and strategies easier; saving small businesses even more time and overhead needs without compromising multi-channel reach. SMEs have been majorly dependent on manual processes to manage their resources, such as lead tracking, email marketing, and content creation, majorly due to the lack of awareness and budget constraints.

 

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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on November 15 at 10:36

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