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Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Digital Marketing Software market. Market segmentation includes Component (Software and Services); Deployment (Cloud and On-Premise) and Vertical (Media & Entertainment, BFSI, IT & Telecom, Consumer Goods & Retail, Travel & Hospitality, Transportation & Logistics and Other Verticals).

Find Out More About Regions, Brands, Dominant, Active & Niche Companies Covered in the Report

24 November 4:22 a.m., Silicon Valley, California - According to the new market research report, the global market for Digital Marketing Software is projected to grow at a CAGR of 15.1% reach US$146.8 billion by 2027, driven by the increase in digital marketing spend and surge in social media and advertising. The global Digital Marketing Software market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. The pandemic is driving changes to digital marketing strategies at companies, especially at companies where digital marketing initiatives had relatively low priority. Increasing digital marketing budget and growing popularity of social media & advertising are expected to provide a major boost to the global market for digital marketing software. Growing trends such as increasing usage of mobile devices and personalized marketing are shifting organizations' marketing strategies, making them more focused on boosting user experience. Businesses are increasingly adopting digital marketing software for managing customer relationships through better assessment of consumer behavior throughout different business channels.

Digital marketing refers to a type of marketing that utilizes internet and online digital technologies, such as mobile phones, display advertising, and other digital platforms and media, for promoting products and services. As digital trends evolve in 2020, advertisers are now looking for many new digital technologies that can help them gain a competitive edge, as well as enable them in growing their businesses, generating leads, and improving relationships with their existing customers. In addition, advertisers are realizing higher returns on their investments owing to lower competition for advertising space. The DMS market growth is driven by factors such as growing number of mobile users, high penetration of social media, integration of artificial intelligence and big data analytics including predictive analysis, and the ability to target specific demographics through advertising. Companies use digital marketing solutions for enhanced and personalized customer management and to gather large amounts of data to design targeted advertisement campaigns. The advent of cloud computing and artificial intelligence has further increased the cost-effectiveness of deploying digital marketing and automation software, setting the industry up for long-term growth and sustainability.
DMS provides businesses with the ability to increase sales through increased interactions and relationships with customers.

The market continues to gain impetus from the increase in personalized marketing and growing use of mobile devices which have resulted in a change in marketing strategies and brought greater focus onto improving user experience. Growing use of the solutions in various sectors such as IT, telecom, media and entertainment, manufacturing, healthcare, education, retail, consumer goods, logistics and transportation, and BFSI is expected to fuel growth. Apps related to management and administration is likely to register strong growth through the forthcoming years. Cloud computing dominates the digital marketing industry. Deploying digital marketing software via the cloud greatly enhances flexibility, enables personalization of customer services at scale and is highly cost-effective.

Research Methodology
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 35293. Among this pool, 2824 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 706 unique participations, a total of 318 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.

Key Competitors Covered in the Report -
IBM Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Adobe Inc. (USA)
SAS Institute, Inc.
Salesforce.com, Inc.
Act-On Software, Inc.
HubSpot, Inc.
SimplyCast
Marketo, Inc.

Segments Covered in the Report -
Component (Software, Services)
Deployment (Cloud, On-Premise)
Vertical (Media & Entertainment, BFSI, IT & Telecom, Consumer Goods & Retail, Travel & Hospitality, Transportation & Logistics, Other Verticals)

Geographies Analyzed in the Report -
World
USA
Canada
Japan
China
Europe
France
Germany
Italy
UK
Rest of Europe
Asia-Pacific
Latin America
Middle East
Africa.

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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.

Contact Us:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
Email: sales@StrategyR.com