February 23, 2024
Global Digital Marketing software Market

Digital Marketing Software Market Is Expected To Be Flourished By Growing Demand For Data-Driven Marketing Strategies

Digital marketing software helps business and marketers to effectively manage and optimize marketing campaigns across various digital channels. Major functions include email marketing, search engine optimization, social media marketing, content marketing, display advertising, marketing automation, and analytics. These solutions enable companies to streamline the development and management of campaigns, automate repetitive tasks, track performance, and gain insights into customer behavior. The growing popularity of data-driven marketing strategies among organizations has increased the demand for digital marketing platforms.

The global digital marketing software market is estimated to be valued at US$ 80.23 Mn  in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the major drivers fueling the growth of the digital marketing software market is the increasing demand for data-driven marketing strategies among companies. Digital marketing tools provide immense customer and market data that help businesses to personalize marketing campaigns and target the right audience. Rich insights gained from customer behavior and engagement data allows companies to modify their marketing strategies according to changing consumer preferences and spending patterns. This results in improved marketing ROI and customer retention. Moreover, digital platforms also help automate repetitive tasks like content curation and distribution, social listening, email follow-ups, and more. This allows marketers to focus on higher value strategic functions and scale up operations efficiently.

Segment Analysis
The global digital marketing software market is dominated by the marketing automation software segment. Marketing automation software helps marketers personalize marketing campaigns at scale, automate repetitive yet important marketing tasks, and gain insights into customer behavior. It allows tracking user engagement, leads, and ROI across digital channels like SEO, social media, email, websites, among others. Marketing automation software also provides insights into customer journeys and helps segment customers into personas so that tailored messaging can reach the right set of potential buyers. This is driving its wide adoption over other software types in the digital marketing space.

PEST Analysis
Political: Data privacy laws are becoming stricter across regions to protect customer data and ensure transparency in data usage. This is pushing digital marketers to design campaigns and software features keeping privacy and consent at the core.
Economic: Post pandemic revival of economies worldwide is boosting marketing and advertising spends of companies. This is creating demand for advanced digital marketing software that can maximize ROI of campaigns.
Social: Increasing time spent on digital devices and adoption of smart technologies has made social media and online channels critical for any brand’s presence and customer engagement. This is benefiting the digital marketing software market.
Technological: Emerging technologies like predictive analytics, AI, machine learning are helping digital marketers gain deeper customer insights and automate targeted messaging. They are also able to easily integrate disparate tools on a single platform, bringing efficiency to marketing workflows.

Key Takeaways

Global Digital Marketing Software Market Size is expected to witness high growth over the forecast period driven by increasing spends on digital marketing globally. The global Digital Marketing Software Market is estimated to be valued at US$ 80.23 Mn  in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.

Regional analysis
North America accounts for over 35% share of the global digital marketing software market currently. This is attributed to presence of key tech companies developing new age digital marketing solutions in countries like the US and Canada. Furthermore, advanced digital infrastructure and high spending power of enterprises on online promotions is driving the regional market. The Asia Pacific region is poised to witness fastest growth during the forecast period led by China, India, and Japan. Rapid pace of digitalization across industries, growing e-commerce, and increasing penetration of internet are factors favoring market growth in Asia Pacific.

Key players operating in the digital marketing software market 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.Alucol leverages AI-powered technologies to provide predictive lead generation and marketing automation solutions.HPL Stampings Inc. offers a comprehensive suite of digital marketing tools including SEO, social media management, web analytics etc.

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