Digital Marketing Market on Track for 11.1% CAGR Growth | Demand & Technological Trends

MarkNtel Advisors recently published a detailed industry analysis of the Global Digital Marketing Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Global Digital Marketing Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The Digital Marketing Market size was valued at USD 780 billion in 2023 and is estimated to grow at a CAGR of around 11.1% during the forecast period, i.e., 2024-30

Key Findings in Global Digital Marketing Market:

• Historical Analysis: 2019–2022
• Base Year: 2023
• Forecast Period: 2024–2030

Leading Market Players- Cuker, Disruptive Advertising, Ignite Visibility, Location3Media, PB & J Promotion LLC, Split Reef LLC, Thrive Internet, Marketing Agency, Top Spot Internet Marketing, Web FX, Web Net Creatives, Foxy Moron, Act-on Software, Inc., Active Campaign, Inc., Acquia Inc., 9thCO Inc., GH Digital Media Pvt Ltd, NP Digital India, etc

Key Highlights of the Report

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

What are the major Driver the Global Digital Marketing industry?

Rise in Internet Connectivity Rates - The widespread adoption of the internet has fundamentally transformed how people connect, communicate, and access information globally. With an ever-expanding number of internet users worldwide, businesses have started considering digital marketing a crucial strategy to effectively reach their target audiences.

The increasing rates of internet penetration have broadened the potential customer base, empowering marketers to utilize various online platforms like social media, news websites, email marketing, and websites to connect with users and promote products and services.

Consequently, this evolution has reshaped the marketing landscape, leading businesses to allocate more resources to digital marketing initiatives to maintain competitiveness in the digital era. Furthermore, the surge in mobile internet usage has contributed to market growth, with mobile devices emerging as a primary medium for internet access and content consumption. This trend opens up new opportunities for businesses to engage with consumers on the go, emphasizing the significance of adapting marketing strategies to cater to the mobile audience.

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What segments define the Global Digital Marketing Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

By Digital Channel

• E-Mail Marketing - Market Size & Forecast 2019-2030F, USD Million
• Search Engine Optimization (SEO) - Market Size & Forecast 2019-2030F, USD Million
• Interactive Consumer Website- Market Size & Forecast 2019-2030F, USD Million
• Online Display Advertising - Market Size & Forecast 2019-2030F, USD Million
• Blogging and Podcasting- Market Size & Forecast 2019-2030F, USD Million
• Social Networking Market - Market Size & Forecast 2019-2030F, USD Million
• Mobile Marketing – Market Size & Forecast 2019-2030F, USD Million
• Viral Marketing - Market Size & Forecast 2019-2030F, USD Million
• Digital OOH Media - Market Size & Forecast 2019-2030F, USD Million
• Online Video Marketing- Market Size & Forecast 2019-2030F, USD Million
• Others (Content Marketing, Affiliate Marketing, etc.) - Market Size & Forecast 2019-2030F, USD Million

According to report, Social Networking marketing emerged as the leading digital channel among others and is presumed to account for the potential share of the Digital Marketing Market.

By End Users

• Retail & E-Commerce- Market Size & Forecast 2019-2030F, USD Million
• Automotive- Market Size & Forecast 2019-2030F, USD Million
• IT & Telecom - Market Size & Forecast 2019-2030F, USD Million
• Government- Market Size & Forecast 2019-2030F, USD Million
• Banking, Financial Services and Insurance (BFSI)- Market Size & Forecast 2019-2030F, USD Million
• Healthcare- Market Size & Forecast 2019-2030F, USD Million
• Media and Entertainment- Market Size & Forecast 2019-2030F, USD Million
• Others (Education, Food & Beverage, etc.)- Market Size & Forecast 2019-2030F, USD Million

According to report, The media and entertainment sector primarily requires digital marketing services for promoting films, songs, etc.

By Organization Size

• Small & Medium- Market Size & Forecast 2019-2030F, USD Million
• Large- Market Size & Forecast 2019-2030F, USD Million

Explore the Complete Global Digital Marketing Market Analysis Report – https://www.marknteladvisors.com/research-library/digital-marketing-market.html

Geographical Analysis: Global Digital Marketing Market

 By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Global Digital Marketing Industry Recent Development:

•  Leading digital marketing and design firm Cuker and well-known pizza company Wild Mike's Ultimate Pizza forged a strategic alliance in January 2023. Through this partnership, Wild Mike's web presence and digital marketing initiatives will be transformed, propelling the company to new heights in the cutthroat pizza industry. Under the terms of the agreement, Cuker will use its knowledge of e-commerce, web design, and digital marketing to create a state-of-the-art online platform for Wild Mike's Ultimate Pizza.
• Leading marketing experience company Rise Interactive (Quad) announced in July 2023 that it is expanding its clientele by adding Nielsen-Massey Vanillas, a national producer of the best pure vanilla and flavors in the world, to its growing list of customers who choose the company's integrated marketing offering to help them rethink their brand-building efforts and drive sustainable growth. Periscope and Rise Interactive are the creative and digital agencies that work with Rise Interactive. The business victory involves brand and creative creation, which will be bolstered by the performance marketing skills of Quad's digital agency, Rise Interactive, under the direction of Periscope, the award-winning creative agency of Quad.
• To improve its extensive range of site development and digital marketing solutions, TopSpot Internet Marketing, a top digital marketing business, added corporate and industrial video production to its list of services in August 2021. The company hopes to provide its clients a strong platform to engage people and convey strong brand messages with this calculated approach. With the addition of corporate and industrial video production services, TopSpot can now offer visually stunning, expertly produced videos that are customized to meet the specific requirements of each client.

  Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Global Digital Marketing Market?
• How is the Global Digital Marketing Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/digital-marketing-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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