The growth of the market is governed by various factors such as increased usage of mobile phones for personalized marketing
Market Size – USD 9.70 Billion in 2020, Market Growth – CAGR of 7.8%, Market Trends-Emergence of secured and developed form of online marketing
The Marketing Cloud Platform Market is expected to reach USD 17.57 Billion by 2028, according to a new report by Reports and Data. The increase in growth is mainly associated with the adoption of advanced cloud technology services that allow thousands of customers to access similar resources helping companies to cut down their expenses. Based on statistics, the penetration of advanced cloud based platforms that helps to develop new technology is also a significant factor stimulating market demand.
Businesses have quickly moved towards cloud technologies globally in recent times, the primary reason for the large scale acceptance of cloud technologies have been extensive scalability and decreased operational costs offered by cloud services. Tremendous opportunity for growth awaits the market as it is an emerging technology.
Due the presence of advanced economies, like the United States (US) and Canada, North America is estimated to hold the largest market share of 26.3% in 2020. In this region, cloud-based applications are increasing traction among the test teams QA teams. The region’s powerful financial position also allows it to invest heavily in advanced testing tools and technologies. These improvements have provided North American organizations a competitive edge in the market.
The Key players in the Marketing Cloud Platform Market include Cision, Global, IBM, Hubspot, Hatchbuck, Agilone, Infusionsoft, Maropost, Mediamath, Nielsen, Optimove, Oracle, Pegasystems, Sailthru, Salesforce, SAP, SAS, Selligent, Sitecore, Adobe, Digital, Emarsys, Episerver, and Fico.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/marketing-cloud-platform-market
For the purpose of this study, Reports and Data have segmented the market on the basis of Deployment, Type, Marketing type, End user and region:
Deployment Outlook (Revenue, USD Million; 2020-2028)
Type Outlook (Revenue, USD Million; 2020-2028)
Marketing Type Outlook (Revenue, USD Million; 2020-2028)
End user Outlook (Revenue, USD Million; 2020-2028)
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Regional Outlook (Revenue, USD Billion; 2020-2028)
Finally, all aspects of the Marketing Cloud Platform market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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