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Digital Marketing Software Market Trends

  • Report ID: GMI6784
  • Published Date: Sep 2023
  • Report Format: PDF

Digital Marketing Software Market Trends

Artificial Intelligence (AI) and Machine Learning (ML) are the emerging trends in the digital marketing software industry due to their ability to transform how businesses engage with customers. AI-driven algorithms analyze vast amounts of customer data, allowing for highly personalized marketing campaigns. ML models can predict consumer behavior, optimize ad placement, and automate routine tasks such as email marketing. As businesses seek more efficient & data-driven marketing solutions, the adoption of AI and ML is expected to grow, making them a prominent trend in the digital marketing software landscape.
 

For instance, in July 2023, Google Ads introduced automated ad generation using Large Language Models (LLMs) and generative AI. This feature allows advertisers to create ad campaigns based on prompts provided by marketers. It streamlines the ad creation process and enhances campaign workflow, potentially impacting the market by integrating AI-driven content generation capabilities.
 

The increasing adoption of cloud-based digital marketing software is an emerging trend in the digital marketing software market. This trend is driven by its numerous advantages including reduced upfront costs, enhanced scalability, and accessibility from virtually anywhere. Marketers can now harness the power of cloud technology to streamline their operations, collaborate seamlessly, and access real-time data, allowing for more effective & agile campaigns. As businesses prioritize flexibility and cost-efficiency, the adoption of cloud-based digital marketing software is poised for significant market growth.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The digital marketing software market size reached USD 60.3 billion in 2022 and is poised to witness 15.5% CAGR from 2023 to 2032, says this GMI report.

The cloud-based segment held around 40% of the market share in 2022, as businesses embrace the advantages of cloud technology.

North America market with a share of over 30% in 2022, favored by the region’s strong economy, high internet penetration, and tech-savvy population.

Adobe Inc., SAP SE, Salesforce.com Inc., IBM Corporation, Microsoft Corporation, Oracle Corporation, Google LLC, and SAS Institute Inc.

Digital Marketing Software Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 346
  • Countries covered: 19
  • Pages: 270
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