Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.58 Billion | USD 19.11 Billion | 15.4% | 2024 |
The global marketing analytics software market Size was worth around USD 4.58 Billion in 2024 and is predicted to grow to around USD 19.11 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 15.4% between 2025 and 2034. The report analyzes the global marketing analytics software market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the marketing analytics software industry.
Marketing analytics software is critical in ensuring that businesses get the full value of their data. Latest marketing analytics software gives businesses the tools and procedures they need to collect, analyze, manage, and govern their data more effectively. With the marketing analytical tools firms can profit from better operational efficiency, improved performance, and, eventually, a higher bottom line by embracing the actual promise of big data.
Return on investments is one of the major aspects companies care for, ROI is the core of any business for its successful growth over the future period. However, many firms struggle to optimize, analyze, and calculate returns on investment with their products and services. This is attributed to insufficient knowledge about the market, current trend, customer behavior, and pricing demand, also firms fail to analyze large customer data and product flow to streamline the product sale. These all factors affect the overall return on investments and ultimately ended up in big losses. Marketing analytics software can help with such hindrances and streamline the business by evaluating market growth, calculating multichannel customer views. These factors support the growth of the global marketing analytics software market.
Report Attributes | Report Details |
---|---|
Report Name | Marketing Analytics Software Market |
Market Size in 2024 | USD 4.58 Billion |
Market Forecast in 2034 | USD 19.11 Billion |
Growth Rate | CAGR of 15.4% |
Number of Pages | 188 |
Key Companies Covered | Microsoft Corporation, IBM Corporation, Accenture PLC, Salesforce.Com Inc., Adobe Systems Incorporated, Oracle Corporation, Teradata Corporation, SAS Institute Inc., Neustar Inc., Pegasystems Inc., Tableau Software, and Google LLC., and others. |
Segments Covered | By Deployment, By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The key factor restraining to the adoption of marketing analytics software is its high cost. In the need to gain precise marketing analytics software companies have to invest huge costs. For instance, paid marketing data research may range from USD 50 to USD 3000 per month, with many alternatives falling between USD 100 and USD 999. This cost is much high when there are free software versions available with lesser accuracy. However, investing in such freeware can cost to misleading the market trend or business decisions. Yet the paid version of the software cost reasonably and many small to mid-sized companies do not feel it necessary to use it. Such factors can hinder the growth of the market over the forecast period.
Adobe, Google, Oracle, and Salesforce among other technological titans, added new data sources to their ever-expanding marketing capabilities in 2017. As businesses of all sizes try to reduce the complexity of data collection, purification, and use throughout their organizations. This trend is projected to continue which can offer better opportunities for the expansion of the global marketing analytics software market.
One of the major elements of companies marketing analysis is identifying the need of every segment in the market. Further, it is expected that the marketing analytics recognize other products and business issues that are impacting the growth of the segment. However, with such two-fold expectations market analytics software can overestimate the customers’ needs and demands even before analyzing the complete market scenario, this is one of the major hurdles that can affect the market growth.
The global marketing analytics software market is categorized by deployment, application, end-user, and region.
Based on the deployment, the global market is bifurcated into cloud and on-premise. The cloud deployment segment is expected to register rapid growth during the forecast period.
Based on application, the market is divided into online marketing, E-mail marketing, social media marketing, content marketing, and other applications. Among these applications, the social media marketing segment holds nearly 30 percent of the share in the global market.
The end-user segment of the market comprises retail, BFSI, education, healthcare, manufacturing, travel & hospitality, and other end users.
In 2021, North America led the global marketing analytics software market, accounting for roughly 45 percent of the overall revenue. This is due to the region's strong social media usage trend and access to high-speed internet services. Because of its widespread use, social media provides marketers with a new and effective avenue for advertising and marketing. Additionally, the region's major e-commerce infrastructure allows marketers to evaluate data collected by e-commerce transactions, providing insights into customer buying habits that aid in the development of effective marketing campaigns. Asia Pacific also accounted for a major portion of revenue in 2021. Increasing importance of AI development centers like Vietnam, Singapore, and Malaysia can be ascribed to this. The regional industry is also being driven by the advent of new businesses that provide AI-enabled analytics services. Furthermore, the fast deployment of digital government programs in Singapore, India, and China has resulted in the establishment of a number of startups that provide services based on analytics and other innovative technologies, boosting the regional market growth.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the marketing analytics software market on a global and regional basis.
Some of the major players with the high market share covered in the global marketing analytics software market report include:
The global marketing analytics software market is segmented as follows;
By Region
FrequentlyAsked Questions
The global marketing analytics software market is expected to grow due to increasing need for businesses to leverage data-driven insights for optimizing marketing strategies, improving customer engagement, and maximizing ROI in a rapidly evolving digital landscape.
According to a study, the global marketing analytics software market size was worth around USD 4.58 Billion in 2024 and is expected to reach USD 19.11 Billion by 2034.
The global marketing analytics software market is expected to grow at a CAGR of 15.4% during the forecast period.
North America is expected to dominate the marketing analytics software market over the forecast period.
Leading players in the global marketing analytics software market include Microsoft Corporation, IBM Corporation, Accenture PLC, Salesforce.Com Inc., Adobe Systems Incorporated, Oracle Corporation, Teradata Corporation, SAS Institute Inc., Neustar Inc., Pegasystems Inc., Tableau Software, and Google LLC., among others.
The report explores crucial aspects of the marketing analytics software market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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