Global Marketing Analytics Market Report includes Market potential Growth with market share analysis Manufacturing Process, Machinery, Raw Materials, Cost and Revenue 2023

360 MARKET UPDATES Report provides a 360-degree overview of the global Marketing Analytics Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

Marketing Analytics

Report Title: “Marketing Analytics Market – Growth, Trends, and Forecast (2019 – 2024)“

Marketing Analytics Market Report (2019 – 2024) Provides the Leading Manufactures of Marketing Analytics market, market overview, scope of the market and Reasons to purchase this report. Also Report provides a 360-degree overview of the global Marketing Analytics market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.

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Marketing Analytics Market Report Covers Leading Manufacturers: IBM Corporation , Microsoft Corporation , Oracle Corporation , Salesforce.Com Inc. , Accenture PLC , Adobe Systems Incorporated , SAS Institute Inc. , Teradata Corporation , Neustar, Inc. , Pegasystems Inc. , Tableau Software , Google LLC

The Marketing Analytics Market Overview:

The Marketing Analytics Market is anticipated to register a CAGR of 14% over the forecast period (2019-2024). The benefits of analytics have become highly obvious for companies as the competition for the retention of customers has become a necessity for the businesses. Companies these days use multiple channels to keep the customers informed and connected with them. Analytics solution allows them to keep track of the impact of the actions taken. This has resulted in the Integration of these solutions with the existing ERP solution, which is beneficial in using the generated and available data.
Increasing need to utilize marketing budgets for an effective ROI is estimated to boost the market over the forecast period.
Further, the adoption of cloud technology and Big Data is also increasing the growth of the Marketing Analytics market.
Over the course of 2017, technology giants like Google, Adobe, Salesforce, and Oracle added more data sources to their ever-growing marketing capabilities. This particular trend is expected to continue, as businesses of all sizes work to lessen the complexity of data collection, cleansing, and usage across their organizations.

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Social Media Marketing Anticipated to Record

Social media marketing has been on the rise owing to many developments, such as chatbot and other applications. It is estimated that machines can generate about 20% of the content.

Chatbots have been implemented to give an enriched experience to the consumer. According to Facebook, about 100,000 monthly active bots on Facebook Messenger, which offers a variety of new platforms for marketers to connect with potential customers.

The amount of spending on social media video advertising has nearly double compared to previous years. The growth of social media, such as Facebook, integral, and Snapchat have emerged as one of the primary medium of advertising.

According to a survey done by HeyWire business about 53% of its consumers prefer the use of electronic media such as email, web chat or social instead of phone support. About 79% of consumers have been seeking other forms of consumer support. 31% have emphasized the need for text as an available support option.

North America to Hold Major Share

Many of the major market players have been in this region. Marketing budgets in the company have been increasing and companies, such as Ebiquity have been investing further in the region to increase the number of services provided. Many companies have comparatively reduced the budget expenditure in the region owing to the recent slump in the region. This decrease further emphasizes the need for an optimal spend of budgets, which emphasizes the need for marketing analytics software in the region. Use of machine learning (ML), natural language processing (NLP), and artificial intelligence (AI) has further enhanced the capabilities of marketing analytics in this region. Use of qualitative analytics and such advanced analytics tools is currently limited to large enterprises, as they are costlier solutions and demand huge resource and capital investment.

The Scope of Marketing Analytics Market:

Marketing analytics software aid a company in tracking the data pertaining to traffic, leads, and sales. Implementation of marketing analytics helps the person of interest to compare between various mediums of operation, such as social media vs. blogging vs. email marketing etc. these analytics also aid in diagnosing the difficulties faced in a particular channel, and the tactical steps which need to be taken to improve the background.

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Reasons to Purchase this Report:

  • Current and future of Global Smart Cities Market outlook in the developed and emerging markets
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis
    • Report customization as per the clients requirements
    • Regions that are expected to witness fastest growth during the forecast period
    • Identifying the latest developments, market shares and strategies employed by the major market players
    • 3 month analyst support, along with the Market Estimate sheet (in Excel)

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