May 22, 2024
Digital Marketing Software Market
Ict

Emerging Digital Marketing Software Market is Powered by Artificial Intelligence Advancements

The growing digital marketing software market is witnessing new trends powered by artificial intelligence and insights. Digital marketing software helps businesses to effectively promote their brands, products, and services across multiple digital channels and platforms. These include email marketing, social media advertising, search engine optimization, content marketing, analytics and other customer relationship management functions.

The Global Digital Marketing Software Market is estimated to be valued at US$ 80.23 billion in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period from 2024 to 2030.

Key Takeaways
Key players operating in the Digital Marketing Software market size are Alucol, HPL Stampings Inc., Kikukawa Kogyo Co., Ltd., Nihon Anodizing Co., Ltd, Pailian Aluminium, Prototech Asia, Saporito Finishing Co., Techmetals Inc., Tiodize, Inc., United Anodisers Limited, and Xometry Europe GmbH. The growing demand for data-driven digital marketing is fueling the adoption of advanced software. Major players are focusing on product innovation and mergers & acquisitions to gain higher market share. The digital marketing software market is expanding globally due to increasing internet and smartphone penetration along with rising investments of companies in digital channels.

Market Key Trends
One of the key trends observed in the digital marketing software market is the integration of artificial intelligence and machine learning capabilities. Software vendors are offering features such as chatbots, predictive analytics, automated campaigns and personalized recommendations powered by AI. This is helping marketers gain deeper insights from customer data, automate routine tasks and engage audiences more effectively. AI is emerging as a game changer for digital marketing and driving demand for advanced software in the coming years.

Porter’s Analysis

Threat of new entrants: Low barriers of entry enables new players to enter the market but established players already have strong brand presence and large client base.

Bargaining power of buyers: Buyers have high bargaining power due to availability of substitutes but switching costs limits their power.

Bargaining power of suppliers: Software developers and technology companies supplying software and services have moderate bargaining power due to availability of alternatives.

Threat of new substitutes: Potential threat as traditional marketing channels provide substitutes but digital marketing helps reach wider audience.

Competitive rivalry: Intense competition due presence of global and regional players offering similar products and services.

Geographical Regions

North America holds the largest share in the digital marketing software market with growing demand from sectors like retail, healthcare etc. Large tech companies and presence of global players in the region drives its value.

Asia Pacific is expected to be the fastest growing region during the forecast period due to expanding digital infrastructure in countries like China and India. Increasing internet and smartphone users in the region creates opportunities for vendors.

The digital marketing software market provides solutions to measure effectiveness of campaigns and customer engagement on digital platforms. It helps automate repetitive tasks, integrate marketing channels and gain insights from consumer data. The market is expected to grow further with increasing digital transformation across industries.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine information and compile it