Marketing Analytics Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Marketing Analytics market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Marketing Analytics Market report is anticipated to register a CAGR of 13.17% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Marketing Analytics Market are –
- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- Wipro Limited
- Accenture PLC
- Adobe Systems Incorporated
- SAS Institute Inc
- Teradata Corporation
- McKinsey & Company
- Pegasystems Inc.
- Experian PLC
The global marketing analytics market was valued at USD 2.09 billion in 2017, and is expected to reach a value of USD 4.4 million by 2023, at a CAGR of 13.17 %, during the forecast period (2018 – 2023). The scope of the report is limited to applications by major players, which include Online Marketing, E-mail Marketing, Content Marketing, and Social-Media Marketing. While the End-users considered in the scope of the report include Retail, BFSI, Education, Healthcare, Manufacturing, Travel, and Hospitality.
Measuring market effectiveness is an issue of prime importance, owing to the high amount of budgets and the role of marketing in every business. According to a survey about 57% of the total marketers cited have reported that the major bottleneck they face lies in measurement, analysis, and learning of the marketing techniques. Marketing analytics software aid a company in tracking the data pertaining to traffic, leads, and sales. Implementation of marketing analytics helps the person of interest to compare between various mediums of operation, such as social media vs. blogging vs. email marketing etc. these analytics also aid in diagnosing the difficulties faced in a particular channel, and the tactical steps which need to be taken to improve the background.
Growing Marketing Budgets for Marketing Emphasize the Need for Marketing Analytics
Marketing budgets all around the globe have been increasing. In a survey conducted at annual Marketing Budgets Report 2016, conducted by Oracle Marketing Cloud about 72% of the digital marketing budgets have been increasing. In the same survey, about 54% of the people have responded as hiring people into their digital marketing schemes indicating potential for analytics in marketing. Many marketers have been interested in increasing investments in digital marketing, owing to increasing internet penetration, and growing social media.
Consumers between 18 and 35 years old have been nearing the peak in careers into a high-spending life stage and have been contributing to the increasing households. This is now the living generation with highest population share, this generation spends an average of USD 600 billion a year. Brands will grow digital investment in order to connect with this millennial population. Owing to such trends there have been increasing investments in budgets as the potential spending power of the population has been increasing.
Social Media Marketing is one of the Primary Applications for Marketing Analytics
Social media marketing has been on the rise owing to many developments, such as chatbot and other applications. It is estimated that machines can generate about 20% of the content. Chatbots have been implemented to give an enriched experience to the consumer. According to Facebook, about 100,000 monthly active bots on Facebook Messenger, which offers a variety of new platforms for marketers to connect with potential customers.
The amount of spending for social media video advertising has nearly double compared to the previous years. Growth of social media, such as Facebook, integral, and Snapchat have emerged as one of the primary medium of advertising. According to a survey done by HeyWire business about 53% of its consumers prefer the use of electronic media such as email, web chat or social instead of phone support. About 79% of the consumers have been seeking for other forms of consumer support. 31% have emphasized the need for text as an available support option.
North America has a High Spending for Market Analytics
Many of the major market players have been in this region. Marketing budgets in the company have been increasing and companies, such as Ebiquity have been investing further in the region to increase the number of services provided. Many companies have comparatively reduced the budget expenditure in the region owing to the recent slump in the region. This decrease further emphasizes the need for optimal spend of budgets, which emphasizes the need for marketing analytics software in the region.
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Scope of the Report:
The report analyses Marketing Analytics market, which includes –
- Analysis of the growth of Marketing Analytics market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Marketing Analytics market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Marketing Analytics market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Marketing Analytics market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Marketing Analytics Market Report:
- Varying dynamics of the Marketing Analytics industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Marketing Analytics market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Marketing Analytics market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Marketing Analytics Market Report:
- The report analyses how stringent emission control norms will drive the global Marketing Analytics market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Marketing Analytics market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Marketing Analytics:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Marketing Analytics Market Report @ https://www.360marketupdates.com/TOC/12886062,TOC
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