The size of the marketing automation software market in the Asia-Pacific is anticipated to be worth USD 3.15 billion by 2029 from USD 1.55 billion in 2024, growing at a CAGR of 15.17% from 2024 to 2029.
Marketing automation software plays a crucial role in implementing automation activities in the marketing strategies of a company. Several repetitive tasks like email marketing, social media posts, and ad campaigns can be automated to improve efficiency and offer a personalized experience for end-users.
The Asia Pacific marketing automation market is expected to grow promisingly during the forecast period due to the increased use of such software on e-commerce websites. Internet penetration in Asian markets has boosted the e-commerce market in this area. There are more than 1 billion people in the Asia Pacific region who use the Internet. Global companies such as eBay and Amazon are funding heavily in the Asia Pacific market because of the easily available resources. National companies like Flipkart, Alibaba, Rakuten and others. have established markets in their countries and are developing strongly. The software efficiently tracks and analyses the huge amount of data generated.
Automation aims to increase efficiency while optimizing your organization's resources, time, and costs. Automation helps marketers respond to a variety of activities, such as customer communication, content planning, social media management, lead promotion, market research, and analytics, which can help organizations. to increase their sales in the future. It also helps to identify each customer's options and suggests these products using background AI and ML algorithms.
The growing demand for digital marketing services across the APAC region is majorly driving the marketing automation software market growth in the Asia-Pacific region. Marketers strategically dedicate marketing automation tools and solutions to embracing the latest digital marketing trends to keep businesses up to date with the latest technology disruptions. From social media marketing to SEO to content marketing, marketers make significant investments to support and drive your sales. Since social media marketing is a high priority for entertainment and marketing providers to maintain automated fanbase engagement, the a need for software capable of handling multiple social media platforms on the hour. it also stimulates market demand.
On an industry basis, banking, financial services, and insurance (BFSI) had the largest market share in 2017. This was due to the increasing adoption of marketing automation software in the retail industry. BFSI. The main challenge for the industry is to effectively sell and sell retail banking products such as debit cards, credit cards, loans, insurance, etc. To customers. To overcome these challenges, the BFSI industry is implementing marketing automation software, as it provides summary information on consumer behavior based on the digital channels, platforms, and touchpoints they use.
Marketing automation software is finding an augmented call across all end-user verticals as it helps streamline tasks and workflows in an efficient manner to improve revenue and build a huge customer base. The rise of digital initiatives in emerging economies, such as digital India, has led to the adoption of business-to-business (B2B) and business-to-business (B2C) business models. Marketing automation software plays a crucial role for marketers to develop highly effective solutions to launch effective marketing campaigns to target an ever-changing customer base in all types of marketing segments.
Security and privacy concerns and the availability of free and open-source marketing automation software are limiting the growth of the APAC marketing automation software market.
Impact of COVID-19 on APAC marketing automation software market:
A cloud and AI marketing automation platform, online marketplaces, primarily the food and grocery sectors, have benefited from the purchasing behavior of consumers. These industries reported an 86% increase in their clicks between February 21 and March 7, 2020, compared to the same period last year, amid the COVID-19 outbreak.
This research report on the Asia-Pacific marketing automation software market has been segmented and sub-segmented into the following categories.
Asia-Pacific Marketing Automation Software Market - By Deployment:
Among these, the cloud-based marketing automation category is expected to continue to have a larger share of the regional market during the forecast period. Most of the investments in the region's market are focused on cloud-based applications. Additionally, small and large businesses are realizing the benefits that cloud technology offers such as scalability, speed, storage, and convenience over on-premises deployment solutions, driving software adoption from the cloud.
Asia-Pacific Marketing Automation Software Market - By Application:
Asia-Pacific Marketing Automation Software Market - By Organization Size:
Asia-Pacific Marketing Automation Software Market - By Vertical:
Asia-Pacific Marketing Automation Software Market – By Country:
India is expected to become the fastest-growing country in the Asia Pacific marketing automation software market over the next five years. With the surge in the adoption of innovations in industries like manufacturing, hospitality, and retail, the call for marketing automation software solutions is witnessing a spike. These industries embrace solutions such as Channel Marketing Automation (TCMA) and Lead Management (L2RM) as they improve lead scoring and channel marketing. Additionally, to meet the needs of these industries, marketing software automation vendors provide solutions tailored to company size and end-user needs.
KEY MARKET PLAYERS:
Some of the major players operating in the Asia Pacific Marketing Automation Software market include Oracle Corporation, IBM Corporation, Adobe Systems Incorporated, Salesforce.com Inc., HubSpot Inc., Teradata Corporation, Act-On-Software Inc., SharpSpring Inc., SAS Institute Inc. and Infusionsoft Inc.
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