PUBLISHER: The Business Research Company | PRODUCT CODE: 1414478
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414478
“Pay-Per-Click (PPC) Software Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pay-per-click (pp.) software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pay-per-click (pp.) software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pay-per-click (pp.) software market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Pay-per-click (PPC) software constitutes a digital advertising model where advertisers pay a fee for each click on their ads, encompassing diverse formats such as text, images, videos, or their combinations, visible across search engines, websites, social media platforms, and other digital spaces. This software leverages real-time data analysis to streamline and enhance organizations' advertising endeavors, facilitating more effective and efficient campaign management.
The primary categories of PPC software include search advertising, social media advertising, remarketing, display advertising, online shopping, among others. Search advertising, a key facet of digital marketing, showcases ads to users based on their entered keywords or search queries in search engines. PPC software in search advertising enables advertisers to research and target specific keywords, set bids and budgets, craft ad content and landing pages, monitor performance metrics, and continually optimize their campaigns. Widely deployed both on cloud-based and on-premises systems, PPC software caters to the needs of small and medium enterprises (SMEs) as well as large enterprises. Its application spans across various sectors such as banking, financial services, and insurance (BFSI), retail and e-commerce, automotive, healthcare, media and entertainment, IT and telecom, and more, serving as a pivotal tool for effective digital advertising strategies.
The pay-per-click (PPC) software market research report is one of a series of new reports from The Business Research Company that provides pay-per-click (PPC) software market statistics, including pay-per-click (PPC) software industry global market size, regional shares, competitors with a pay-per-click (PPC) software market share, detailed pay-per-click (PPC) software market segments, market trends and opportunities, and any further data you may need to thrive in the pay-per-click (PPC) software industry. This pay-per-click (PPC) software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pay-per-click (ppc) software market size has grown rapidly in recent years. It will grow from $18.9 billion in 2023 to $20.96 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth observed in the historical period can be attributed to several key factors, including market expansion initiatives, significant historical events impacting market dynamics, continual evolution of platforms, shifts in economic cycles, and the gradual adoption and acceptance by consumers. These elements collectively contributed to the growth and development witnessed during that period.
The pay-per-click (ppc) software market size is expected to see rapid growth in the next few years. It will grow to $32.22 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The projected growth in the forecast period can be primarily linked to several factors, including evolving user behaviors and preferences, the evolving competitive landscape, prevailing economic conditions, integration with customer relationship management (CRM) systems, and the focus on mobile and cross-device compatibility.
The anticipated surge in the adoption of social media platforms is set to act as a catalyst for the growth of the pay-per-click (PPC) software market. Social media platforms serve as digital avenues enabling users to create, share, and exchange various forms of content. PPC software, in turn, empowers businesses to finely target their advertising efforts toward specific demographics, interests, and behaviors of social media users. This precision enhances the efficacy and return on investment (ROI) of marketing campaigns, aligning them with business objectives. For instance, as per Backlinko in September 2021, approximately 4.48 billion people globally use social media, constituting 56.8% of the world's population. This pervasive use highlights the driving force of social media adoption on the PPC software market's expansion.
The burgeoning landscape of digital marketing is poised to fuel the growth of the pay-per-click (PPC) software market. Digital marketing offers businesses a dynamic and measurable approach to engage their target audience, leveraging precise targeting, real-time interactions, and continuous optimization using data analytics. PPC software equips advertisers with the requisite tools and insights to craft, manage, and refine PPC campaigns, thereby maximizing the efficiency of online advertising strategies. For example, Ranktracker noted in October 2022 that digital marketing expenditure surged by 14% in 2020 and 2021, with an anticipated annual sector expansion of 9%. Additionally, Oracle Corporation estimated global digital advertising spending to escalate from $378 billion in 2020 to $646 billion by 2024, underscoring the driving force of digital marketing on the PPC software market's growth.
The integration of technological innovations stands out as a prominent trend within the pay-per-click (PPC) software market. Companies operating in this sphere are embracing new technologies to fortify their market position. For instance, in May 2023, Madbot AI, a Netherlands-based software development company, unveiled groundbreaking PPC ad optimization software tailored explicitly for Bol.com sellers, catering to the largest e-commerce platform in the Netherlands and Belgium. This software endeavors to assist sellers in maximizing profits and achieving advertising objectives through automated and optimized PPC advertisements.
Leading entities in the pay-per-click (PPC) software market are leveraging new technologies, notably AI and Automation, to drive market revenues. AI-powered ads represent advertising campaigns harnessing artificial intelligence to optimize targeting, content creation, delivery, and performance measurement. For instance, in May 2023, Google LLC introduced a new era of AI-powered ads utilizing generative AI to simplify campaign creation and search ads. These AI-generated assets include keywords, headlines, descriptions, and images, empowering users to review and modify before deployment. Emphasizing privacy-first rules, Google introduced native ad formats within the Search Generative Experience (SGE), aligning with their AI Principles to aid businesses while prioritizing privacy and AI's potential.
In August 2022, Jaywing PLC, a UK-centered marketing and consulting firm, completed the acquisition of Midisi Limited for a total of £4.44 million ($4.88 million). This strategic move significantly bolsters Jaywing's expertise in marketing technology, expanding their capacity to deliver more holistic marketing solutions to their clientele. Notably, Midisi Limited, a UK-based entity, specializes in the development of marketing software and PPC software, amplifying Jaywing's offerings within this domain.
Major companies operating in the pay-per-click (ppc) software market report are Google LLC, Microsoft Corporation, Facebook Inc., WordStream Inc., Optmyzr Inc., Semrush Holdings Inc., Acquisio Inc., Kenshoo Inc., Marin Software Inc., Spaceboost Inc., Adzooma Ltd., AdStage Inc., SpyFu Inc., Adalysis Limited, Jaywing PLC., Amazon Advertising Inc., LinkedIn Corporation, Twitter Inc., Pinterest Inc., AdRoll Inc., AdEspresso SRL, Shape Integrated Software Inc., AdHawk Inc., AdScale Inc., Adthena Limited, AdZis Inc., ClickCease Ltd., PPC Protect Limited, Unbounce Marketing Solutions Inc., Instapage Inc.
North America was the largest region in the pay-per-click (PPC) software market in 2023. The regions covered in the pay-per-click (ppc) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pay-per-click (ppc) software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The pay-per-click (PPC) software market includes revenues earned by entities by providing various services such as bid management, performance review, ad placement, target adjustments, performance analysis, keyword management, and ad optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The pay-per-click (PPC) software market consists of sales of different types of PPC software such as paid search marketing, retargeting PPC advertising, affiliate marketing, and price comparison website advertising. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.