Mobile Marketing Market By Component, Channel (Messaging, Push notification, Mobile Emails, Quick Response Code, Location-based Marketing, In-app Messages, Mobile Web), End-User, Organization Size, & Region for 2024-2031

Mobile Marketing Market Valuation - 2024-2031

As more people are using smartphones, the target audience for mobile marketing is likely to expand over a forecast period. Thereby, encouraging businesses to use both online and offline channels to reach their customers, and offering mobile marketing lucrative opportunities of growth through the application of social media networks. In response to this high demand for smartphones, the mobile marketing market is expected to expand to a valuation of USD 4971.49 Billion by 2031, surpassing USD 799.03 Billion in 2024.

The dominance of mobile-centric social media platforms like Instagram, TikTok, and Snapchat is another driving factor for mobile marketing. Also, the growing need for brand visibility and consumer engagement on these platforms is enabling the market to exhibit significant growth at a CAGR of 28.32% from 2024 to 2031.

Mobile Marketing Market: Definition/ Overview

Mobile marketing is a multifaceted digital marketing strategy that targets consumers via their mobile devices, such as smartphones and tablets. This type of marketing takes advantage of the broad availability and portability of mobile devices to reach users wherever they are, offering highly personalized and timely content. As mobile devices have become many people's primary means of accessing the internet, mobile marketing has emerged as an essential component of any comprehensive digital marketing strategy.

Mobile marketing includes a wide range of methods, including SMS and MMS messaging, mobile applications (apps), mobile-optimized websites, and mobile search engine marketing. Marketers use these channels to broadcast promotional messages, display adverts, and provide seamless mobile-specific user experiences.

How do Advancements in Mobile Technology Contribute to the Growth of Mobile Marketing Market?

Advancements in mobile technology have significantly aided the growth of mobile marketing by improving the capabilities of mobile devices and the marketing strategies that use them. One of the most major achievements has been the development of location-based services (LBS). These technologies, such as GPS and beacon technology, enable advertisers to provide highly targeted and customized content to users based on their precise geographic location. For example, businesses can send promotions or notifications to users while they are near a physical store, increasing the marketing message's relevancy and immediacy. This level of customization enhances user engagement and conversion rates, making mobile marketing a more effective tool for firms.

Moreover, the integration of augmented reality (AR) and virtual reality (VR) into mobile devices has opened up new avenues for immersive marketing experiences. AR, in particular, has been used in mobile marketing to create interactive and engaging content that blurs the line between digital and physical worlds.

Additionally, the increasing adoption of mobile payment systems, such as digital wallets and in-app payment solutions, is likely to aid in the expansion of mobile commerce (m-commerce), which in turn drives mobile marketing initiatives. The ease and convenience of making purchases straight from a mobile device has resulted in an upsurge in mobile transactions. Businesses are capitalizing on this trend through integrating seamless payment alternatives into their mobile marketing strategy, ensuring that the path from advertisement to purchase is as frictionless as possible. This not only enhances the user experience, but it also boosts the effectiveness of mobile marketing campaigns in driving sales.

Will Ad-Blocking Technology Pose a Challenge in the Expansion of Mobile Marketing Market?

Ad-blocking technology presents a significant challenge in the expansion of mobile marketing by directly reducing the reach and effectiveness of digital advertising campaigns. As more consumers install ad blockers on their mobile devices to avoid intrusive or irrelevant ads, marketers face increasing difficulties in reaching their target audiences. This widespread use of ad-blockers diminishes the visibility of mobile ads, leading to lower engagement rates and ultimately reducing the return on investment for mobile marketing efforts.

Additionally, the presence of ad-blockers forces marketers to reconsider their strategies, often shifting focus away from traditional display ads toward less intrusive methods, such as content marketing and influencer partnerships. While these alternative approaches can be effective, the pervasive use of ad-blocking technology remains a substantial hurdle for marketers, limiting the overall growth potential of mobile marketing.

Category-Wise Acumens

What are the Drivers that Contribute to the Demand for Quick Response (QR) Code segment ?

Several significant trends in the mobile marketing market are contributing to the rising demand for Quick Response (QR) codes. One of the key drivers is the rise in smartphone adoption, which provides a large user base that is easily capable of scanning QR codes. Due to the widespread use of smartphones, QR codes can be used by marketers to establish a direct link between offline media, such as print ads and packaging, and digital content, thereby enhancing customer engagement.

Furthermore, the need for effective and contactless mobile marketing solutions is fueling the use of QR codes, notably in reaction to the COVID-19 pandemic. QR codes enable seamless, touch-free purchases and interactions, which aligns with consumers' growing preference for convenience and hygiene. QR codes are also popular because they can be adjusted for a range of marketing reasons, such as promotional offers, loyalty programs, and event registrations, making them a flexible tool for marketers.

Moreover, data collection and analytics are supported by QR codes, allowing user behavior and campaign efficacy to be monitored in real time by firms, thereby enhancing marketing campaigns. As mobile commerce and digital interactions grow, a low-cost and scalable alternative for improving customer experiences and boosting engagement in the mobile marketing landscape is provided by QR codes. It is the need for customer behavior management that is enhancing the application of QR codes, enabling this segment hold major share in the market.

What are the Potential Factors for the Growth of Retail and E-commerce in the Market?

As per VMR analyst, retail and e-commerce is estimated to dominate within the mobile marketing market. The prioritization of mobile optimization by retailers is increasing owing to the upsurge in the use of smartphones and tablets for online shopping, leading to the creation of user-friendly and efficient websites and apps for mobile transactions. Simplification of the purchasing process is projected to be achieved through advances in mobile payment systems, such as digital wallets and contactless payments, encouraging more consumers to complete transactions on their mobile devices. Furthermore, fueling this growth is the rise of mobile commerce (m-commerce), with a growing preference among consumers to shop directly from their phones. The effectiveness of marketing campaigns is surging through enhanced personalization and targeting capabilities available via mobile marketing, allowing retailers to deliver tailored offers and promotions.

The adoption of omnichannel strategies, which integrate mobile marketing with other channels, results in a seamless shopping experience that is designed to enhance customer loyalty and drive sales. The expansion of retail and e-commerce in the mobile marketing market is driven by these factors, with technological advancements being leveraged to meet evolving consumer preferences and behaviors.

Country/Region-wise Acumens

What are the Key Factors that Contribute to North America 's Edge in the Mobile Marketing Market?

A highly developed technological infrastructure, including widespread high-speed internet and advanced mobile networks in the region is supporting the implementation of sophisticated mobile marketing strategies. A large and engaged audience for mobile marketing campaigns is created by the high penetration of smartphones and tablets among North American consumers.

Moreover, the adoption and integration of the latest trends, such as artificial intelligence and machine learning, into mobile marketing strategies are encouraged due to the presence of dynamic and competitive market in North America. The growth and evolution of mobile marketing in the region are further supported by substantial investments in research and development, combined with access to significant venture capital funding. These factors are collectively contributing to North America's leading position in the mobile marketing market.

Competitive Landscape

Leaders in the mobile marketing market include Google LLC, Facebook, Inc., and Apple Inc., which are all supported by extensive mobile advertising platforms and large user bases. Additionally, sophisticated mobile marketing solutions are provided by companies such as Adobe Systems Incorporated, Oracle Corporation, and Salesforce.com, Inc., which leverage data analytics and customer relationship management capabilities. Specific mobile attribution and user acquisition services are focused on by emerging competitors like Adjust GmbH and Liftoff Mobile, Inc., meeting the changing needs of mobile marketers. Overall, innovation is encouraged and constant developments in mobile marketing technology and methods for capturing and maintaining market share are propelled by fierce rivalry.

Some of the prominent players operating in the mobile marketing market include:

Google LLC

Facebook, Inc.

Apple, Inc.

Adobe Systems Incorporated

Oracle Corporation

Adjust GmbH

Liftoff Mobile, Inc.

Twitter, Inc.

Latest Developments

In March 2024, Facebook launched new tools and services to help businesses create and manage mobile ad campaigns more effectively. These changes include improved ad targeting options and better analytics for measuring campaign performance on mobile devices.

In February 2024, Apple launched a new mobile advertising privacy feature as part of an iOS upgrade. This innovation allows customers more control over how their data is used for targeted advertising, which changes how mobile marketers target iOS users.

Mobile Marketing Market, By Category

• Component:
• Platform
• Service
• Channel:
• Messaging
• Push notification
• Mobile Emails
• Quick Response (QR) Code
• Location-based Marketing
• In-app Messages
• Mobile Web
• Organization Size:
• Small & Medium Enterprises
• Large Enterprise
• End-User:
• Retail and eCommerce
• Travel and Logistics
• Automotive
• Banking, Financial Services and Insurance (BFSI)
• Telecom and IT
• Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa