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Marketing Cloud Platform Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global marketing cloud platform market is projected to value over US$ 11 billion by the end of 2026 and grow at a CAGR of over 8% during the forecast period of 2019-2026. Cloud marketing is a marketing method that organisations employ to advertise
Marketing Cloud Platform Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Global marketing cloud platform market is projected to value over US$ 11 billion by
the end of 2026 and grow at a CAGR of over 8% during the forecast period of 20192026.
Cloud marketing is a marketing method that organisations employ to advertise their
products and services on the web through digital platforms with available
specializations for every user.
The marketing cloud platform is used to bring in more traffic and increase the
consumer base. Promotional emails, text messages and online advertisements also
constitute a part of this marketing. Furthermore, it also aims at improving the
customer experience in marketing, sales, and service. Organizations can use all of
their data from all sources using this technology. Sales cloud and service cloud data,
web analytics, are for online sources while offline data can be used to expand their
view of the customer. The platform intends to help users drive and manage the sales,
marketing and customer support aspects of the business. With the marketing cloud
platform, organisations can centralize, systemize and manage key customer, sales
and prime data.
The popularity of using a content marketing software for customised and distinct
marketing and consumer involvement is fueling demand for global marketing cloud
platform market. The increased importance and usage of social media advertising is
promoting the global marketing cloud platform market. Additionally, the outreach of
technology has been extensive which has promoted virtual devices, especially mobile
phones. Thus advertising through these mediums will also add to the growth of this
platform. The adoption of this service by the small and medium enterprises (SME’s)
will further direct the growth trajectory of this market in a favourable way.
Recent developments are, in 2018, Adobe acquired Magento Commerce, one of the
key commerce platforms. The acquisition was aimed to add Magneto Commerce
Cloud to Adobe Experience Cloud for delivering a single, end-to-end digital
experience platform, including content creation, marketing, advertising, analytics,
and commerce for B2B and B2C customers. In the same year, Oracle launched a
placement solution, named Pre-Bid by Moat, for marketers to identify and utilize ad
inventory that meets their high standards for third-party viewability and Invalid
Traffic (IVT). These new capabilities will join the existing brand safety segments that
are available on the Oracle Data Cloud and create a suite of media spend protection
offerings.
Alongside Salesforce launched Sales Cloud Einstein Forecasting to provide sales
forecasts on its CRM platform.
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Marketing Cloud Platform Market Segmentation:
By Type
+ Platform
+ Services
The platform type segment is predicted to hold a major market size during the
forecast period. Compared to services, the platform segment has higher potential
and provides more opportunities for the companies to gain benefit from.
By Platform
+ Software-As-A-Service Marketing Cloud Platform
+ Business-To-Business Marketing Cloud Platform
+ Customer Relationship Management Marketing Cloud Platform
By Marketing Function
+ Communications
+ Branding
+ Advertising
+ Designing
+ Customer Support
+ Sales Channel
The advertising segment is estimated to hold the largest market size during the
forecast period. With the growth of social media and increased consumer awareness,
advertising plays a big role in the consumer’s decision making about his choice of
product.
By Deployment Type
+ Private Cloud
+ Public Cloud
The public cloud is predicted to grow at a higher CAGR during the forecast period.
Accessibility and quick functioning are the major reasons for the high adoption of the
public cloud among marketing cloud platform providers. The public cloud offers
various reliability and flexibility, and thus is preferred.
By Vertical
+ Banking, Financial Services, and Insurance
+ IT and Telecom
+ Travel and Hospitality
+ Retail and E-commerce
+ Media, Entertainment, and Gaming
+ Healthcare and Life Sciences
+ Education
+ Others
The advertising segment is estimated to grow at the highest CAGR during the
forecast period. The retail and eCommerce vertical is progressing towards customercentric services. It is expected to be the fastest-growing verticals, due to the
consumers’ rising purchasing power.
By Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
North America is projected to hold the largest market size during the forecast period.
The region has numerous multinational companies which largely contribute to the
growth of the market. Substantial investment in digital marketing initiatives and
improving customer experience. However, Asia Pacific (APAC) is expected to provide
lucrative opportunities for marketing cloud platform providers due to the increasing
adoption of innovative technologies.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
Major firms in the market are Adobe (US), Oracle (US), Salesforce (US), IBM (US),
SAP (Germany), Selligent (Belgium), Pegasystems (US).
FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide an exhaustive analysis on the Global Marketing Cloud Platform Market
by Type, by Platform, by Function, by Deployment Mode, by Vertical and by Region
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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