Marketing Cloud Platform Market Dynamics, Recent Developments, and Strategic Insights by 2031

The marketing cloud platform market is expected to register a CAGR of 7.2% during 2023–2031. AR and VR marketing strategies are likely to remain a key trend in the market.

Marketing Cloud Platform Market Analysis

• The marketing cloud platform market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
• The marketing cloud platform market is growing owing to factors such as growing digitalization transformation initiatives, the shifting landscape of marketing, and the growing importance of marketing analytics.
• Increasing focus on customer experience to provide lucrative opportunities for the marketing cloud platform market.

Marketing Cloud Platform Market Overview

• Marketing cloud is a digital marketing platform that automates marketing across email, social media, mobile apps, SMS, websites, and more.
• Organizations invest in marketing cloud to combine all their marketing channels in one place. With the marketing cloud, marketers are able to send personalized messages through the right channel at the right time.
• The marketing cloud incorporates integrated solutions for customer journey management, mobile, social media, email, content creation, content management, web personalization, advertising, and data analysis.

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Market: Strategic Insights

Market

• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Market Dynamics

GROWTH DRIVERS

• Growing digitalization transformation initiatives, the shifting landscape of marketing, and the growing importance of marketing analytics

FUTURE TRENDS

• Increasing focus on customer experience

OPPORTUNITIES

• AR and VR marketing strategies

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Component

• Platform
• Services

Deployment

• Private Cloud
• Public Cloud
• Hybrid Cloud

Enterprise Size

• Small and Medium-sized Enterprises
• Large Enterprises

Marketing Function

• Advertising
• Branding
• Designing

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Marketing Cloud Platform Market Drivers and Opportunities

Shifting Landscape Of Marketing to Favor Market

• In the past, marketing automation was closely associated with auto-responder systems and bulk emails. However, the narrative is changing as data analytics gains popularity.
• Personalized marketing methods are becoming more popular, with firms using data to better understand their target audience and send messages that are relevant to them at the right time. Scheduled emails, social media posts, and other online activities were made possible by automation.
• As a result of technological breakthroughs, customized marketing has gained prominence. Understanding the customer and their demands is more important than trying to reach everyone with the same message.
• In order to provide individualized experiences, brands now leverage data analytics to gain insights into consumer behavior, interests, and patterns. In such a scenario, the marketing cloud offers an integrated platform that combines marketing automation with data-driven, human-centered strategies. It enables marketers to create more meaningful connections and generate better outcomes.

Increasing Focus On Customer Experience

• In the coming years, customer experience (CX) will likely take the forefront of marketing. It seems inevitable that the Marketing Cloud will grow in popularity as companies aim to provide more individualized client experiences.
• Companies will keep exploring innovative ways to develop stronger connections with their clients. Customer experience encompasses all phases of the customer journey, including research prior to buy, actual purchase, after-purchase support, and even interaction with digital platforms.
• Marketing cloud helps to provide an excellent customer experience and is a powerful tool that can streamline marketing campaign elements from site personalization, and emails to mobile messaging. It helps create a continuous and enjoyable customer experience, reinforcing customer loyalty and satisfaction.

Marketing Cloud Platform Market Report Segmentation Analysis

Key segments that contributed to the derivation of the marketing cloud platform market analysis are component, deployment, enterprise size, marketing function and end user.

• By component, the market is bifurcated into platforms and services.
• By deployment, the market is segmented into private cloud, public cloud, and hybrid cloud.
• By enterprise size, the market is bifurcated into small and medium-sized enterprises (SMEs), and large enterprises.
• By marketing function, the market is segmented int advertising, branding, designing, and others.
• By end user, the market is segmented into IT & telecom, retail & ecommerce, BFSI, travel & hospitality, healthcare & life sciences and others.

Marketing Cloud Platform Market Share Analysis by Geography

• Marketing cloud platform market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering marketing cloud platform market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the marketing cloud platform market in these regions.

Marketing Cloud Platform

Market Market Report Scope

Marketing Cloud Platform Market News and Recent Developments

The marketing cloud platform market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the marketing cloud platform market are listed below:

• Salesforce announced a new edition of the marketing cloud to help small businesses drive growth efficiently with CRM, AI, and data. Marketing cloud growth connects marketing automation with sales, service, and commerce, all built on Salesforce’s trusted customer platform, Einstein 1. In addition, Salesforce revealed that marketers can get started with Data Cloud at no cost, providing them with the trusted first-party data needed to leverage AI to create more personalized customer experiences. (Salesforce, Press Release, February 2024)
• WPP and Google Cloud announced a new collaboration that will redefine marketing through the integration of Google’s Gemini models with WPP Open, WPP’s AI-powered marketing operating system already used by more than 35,000 of its people and adopted by key clients, including The Coca-Cola Company, L’Oréal and Nestlé. As part of the collaboration, Google Cloud's advanced-gen AI tools will be used with WPP's proprietary marketing and advertising data. This will enable WPP’s clients to create brand- and product-specific content using gen AI, to gain deeper insights into their target audiences, to accurately predict and explain content effectiveness, and to optimize campaigns with ongoing adaptive processes. (Google LLC, Press Release, April 2024)

Marketing Cloud Platform Market Report Coverage and Deliverables

The “Marketing Cloud Platform Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Marketing cloud platform market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Marketing cloud platform market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Marketing cloud platform market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the marketing cloud platform market
• Detailed company profiles