PUBLISHER: Allied Market Research | PRODUCT CODE: 1193386
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193386
Marketing cloud platform incorporates a collection of marketing tools, all provided via the cloud, and all of which enable marketers to manage customer relationships and marketing campaigns more efficiently. As part of the wider trend toward marketing automation, marketing cloud platforms are designed to facilitate easier real-time monitoring, planning, and decision-making. The aim of the marketing cloud platform is to empower marketers to create cohesive multichannel experiences, reaching customers via the appropriate channels such as SMS, MMS, social media, and messaging at the appropriate times, thereby boosting both sales and revenue. Furthermore, many organizations such as government, retail, and other sectors are adopting marketing cloud platform due to growing demand for digitization. This factor creates lucrative growth opportunities in the market.
Factor such as growing digitalization transformation initiative due to COVID-19 outbreak, thus drives the growth of the market. In addition, increase in adoption of marketing cloud platform across enterprises and emergence of social networking platforms strengthens the growth of the market for future. Moreover, enterprises embrace multi-cloud environments and rapid changes in business model software due to geographical expansion of the businesses, propel the growth of the market. However, security & privacy concerns among enterprises and high cost of innovation and budget constraints hamper the growth of the market. Furthermore, rise of marketing cloud platform adoption in developing regions are expected to provide the lucrative growth opportunities for the market in the upcoming years.
The marketing cloud platform market is segmented on the basis of component, cloud type, marketing function, organization size, industry vertical, and region. By component, it is bifurcated into platform and services. By cloud type, it is divided into private, public, and hybrid. On the basis of marketing function, it is categorized into marketing content & automation, marketing engagement, marketing analytics, marketing interaction, and others. By organizational size, the market is segregated into small & medium-sized enterprises and large enterprises. By industry vertical, the market is classified into retail & e-commerce, IT & telecommunication, BFSI, media & entertainment, healthcare, travel & hospitality, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The market players operating in the marketing cloud platform market are Acquia, Inc., Adobe, CM Group, IBM Corporation, Maropost, Oracle Corporation, Salesforce, Inc., SAP SE, Teradata Corporation and The Nielson Company (US), LLC. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the marketing cloud platform market globally.
By Component
By Type of Cloud
By Marketing Function
By Organization Size
By Industry Vertical
By Region