Global Marketing Attribution Software Market
Posted by Onkar Nimbalkar on June 19th, 2019
Global Marketing Attribution Software Market was valued US$ 1.7Bn in 2018 and is expected to reach US$ 5.3Bn by 2026 at a CAGR of 15.27%.
Marketing attribution software is an analytical science of describing marketing tactics which contributes towards sales or conversions. Factors driving the global marketing attribution software market are, it helps to track the patterns and trends in consumer behaviour to ensure efficient marketing. Moreover, the software assists to optimize marketing expenditure and leads to deliver positive results in respect to product innovation and better personalization.
However, the complexity level in high while integrating the marketing attribution software into other business application and act as one of a restraining factor responsible to hinder the marketing attribution software market globally. But, the introduction of new marketing tactics such as more marketing channels or platforms to reach out end users is expected to foster the marketing attribution software market in the coming period.
Telecom and IT segment to hold the largest market size throughout the forecast period. Enterprises in the telecom and IT vertical are aiming at effectively targeting new users and decreasing the attribution rate of the existing consumers. They are emphasizing on implementing effective marketing campaigns to raise its subscriber base, so are targeting users via different online channels. Rising the number of internets and mobile devices is said to have fueled the growth of the telecom and IT vertical in the global marketing attribution software market. Marketing attribution solutions aid telecom and IT enterprises to analyse effective digital channel to optimize its marketing spends and improve the user experience.
On-premises deployment mode to hold the highest market size during the forecast period. Data security concerns between the end users are contributing to higher adoption of on-premises marketing attribution solutions, worldwide. The on-premises marketing attribution software is widely deployed by large farms, as they have a better ability to invest. Additionally, large farms have a wide variety of business segments serving to a broader geographic region, therefore data security is of utmost importance.
Region-wise, North America is anticipated to hold the largest market size and dominate the global marketing attribution software market during the forecast period. The region majorly has a high concentration of large multinational companies, which mostly contribute to the growth of the market. The Asia Pacific is expected to provide lucrative opportunities for the marketing attribution software vendors, because of the growing demand for the consistent data-driven marketing solutions among enterprises in the region. The increasing number of government regulations and compliances in many regions could affect the adoption of marketing attribution software.
The report also studies numerous growth strategies, such as, Mergers and Acquisitions, partnerships and collaborations, and developments, adopted by major key players to expand their presence in the global marketing attribution software market.
The recent key development in the global marketing attribution software market, In October 2018, Adobe acquired Marketo, is leading B2B marketing engagement platform providers. This acquisition aided Adobe to offer a combination of Adobe Experience Cloud’s analytics, personalization, and content capabilities with Marketo’s lead management, account-based marketing, and revenue attribution technology to its consumers.
For more information visit @https://www.maximizemarketresearch.com/market-report/global-marketing-attribution-software-market/27357/
Global Marketing Attribution Software Market, by Component
• Single-Source Attribution
• Small and Medium-Sized Enterprises
• North America
This Report Is Submitted By @Maximize Market Research Company
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About the AuthorOnkar Nimbalkar
Joined: May 28th, 2019
Articles Posted: 20
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