Digital Marketing Services Market

Digital Marketing Services Market - Global Assessment 2021 - 2031, Industry Analysis and Opportunity

Digital Marketing Services Market Segmented By Service Type such as Content Marketing, Social Media Marketing, Mobile Marketing, Email Marketing, Influencer Marketing, Search Engine Marketing

Digital Marketing Services Market Forecast and CAGR

Globally, rising expenditures in online video and digital advertising have boosted overall digital marketing spending. The mobile advertising contributes significantly to the online marketing services. The market is set to witness a CAGR of 11.7% during 2021-2031, with greater investments from a high number of businesses in the market.

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What is Driving Demand for Digital Marketing Services?

Strategic planning, email creatives, A/B testing, campaign management, on-site web experience, results analysis, and optimization suggestions are all services provided by digital marketing companies across all platforms, including mobile, social media, and websites. Some of the agencies have developed their own technology, but the majority rely on automation companies with extensive experience in that field.

According to digital marketing industry research, full-service outsourcing is the most common digital marketing procurement strategy and is the prominent driving force in the industry, with worldwide firms able to consolidate needs.

Another digital marketing procurement technique that automotive purchasers like to strike a balance between cost and quality is the region targeting method. Increased use of Real-Time Bidding (RTB) for online display ad slots, as well as increased consumption of rich media and video commercials, are predicted to drive digital advertising market.

Digital Out-Of-Home (OOH) media adoption is confined to industrialized countries. According to the study, contextually relevant and tailored advertisements are enabled by targeted mobile ad delivery and developing advertising technologies (such as RTB platforms, location-aware, and bandwidth-aware technological tools) and is one of the significant driving force in the market.

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Trends in Digital Marketing Services

Retailers are increasingly using location-based ad services to communicate with customers by providing customized discounts, offers, and products, which is propelling the digital marketing sector forward.

The growing use of electronic devices, as well as the development of high-speed networks such as 4G and 5G technologies, has resulted in an increase in demand for mobile advertising, providing marketers with new ways to improve client interactions.

Because of the increased competition, marketing methods are shifting away from selling and toward customer happiness and retention. Customer behavior patterns are assessed using data obtained through digital marketing activities.

Furthermore, the trend of radio advertising is a proven medium for growing brand recognition and differentiating a company in the market, similar to TV advertising but less expensive. Radio advertising services for home service providers and contractors take the guesswork out of buying and planning campaigns, ensuring consistent message across both traditional and digital channels.

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Impact of COVID-19 on Digital Marketing Services Market

People have been forced to stay indoors due of the COVID-19 widespread, which has raised internet usage even more. Consumers are interacting through online platforms as a result of the physical separation measures. In March 2020, compared to its previous quarter, social media marketing practices increased significantly.

Several brick-and-mortar shops are going online as a result of COVID-19-related constraints, as customers increasingly purchase on established e-commerce platforms. As a result, marketers are concentrating on maintaining an omni-channel presence by monitoring the most popular channels among clients and providing personalized services to them specifically.

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US and Canada Digital Marketing Services Market Outlook

In North America, countries such as the U.S. and Canada currently accounts for a significant share in the global market. The developed countries, such as the United States and Canada are major income generators in the worldwide digital advertising and marketing sector.

Large-scale adoption of connected devices, a well-developed digital ecosystem backed by large media companies and ICT (Information and Communications Technology - or Technologies) service providers, and a strong focus on digital media campaigns among businesses continue to be the primary drivers of the digital ad market's growth and progress in the U.S. and Canada region.

In these countries, per capita spending on connected devices remains high, with a considerable fraction of customers acquiring mid- to high-end gadgets for a variety of uses. Buyers prefer products with advanced features and functions, and the price of the product is mostly immaterial because the majority of consumers are wealthy.

While consumer wealth and a general inclination toward new technologies favor greater acceptance of connected devices, the industry is propelled forward by the active engagement of prominent electronics manufacturers.

Europe Demand Outlook for Digital Marketing Services

Because of the high prevalence of connected devices and customer preference for digital solutions, developed areas in Europe continue to be the dominant markets for digital advertising and marketing services. The primary goals of digital marketing players in the region is to promote a brand and generate sales through a variety of channels.

A wide range of marketing methods are used in digital marketing to promote products, services, and brands.

Search engine optimization (SEO), search engine marketing (SEM), content marketing, influencer marketing, content automation, campaign marketing, data-driven marketing, and e-commerce marketing, as well as social media marketing, social media optimization, e-mail direct marketing, display advertising, e–books, optical discs, and games, are all becoming more and more popular in the European region.

Who are the Key Manufacturers and Suppliers of Digital Marketing Services?

Some of the leading manufacturers and suppliers of digital marketing services include

  • Square 2 Marketing
  • Disruptive Advertising
  • OpenMoves
  • Revenue River
  • 360I
  • WebiMax
  • KlientBoost
  • BlueFocus
  • OpGen Media
  • OneIMS
  • Epsilon Data Management
  • Others.

Key Segments

By Service Type

  • Content Marketing
  • Social Media Marketing
  • Mobile Marketing
  • Email Marketing
  • Influencer Marketing
  • Search Engine Marketing

By End User

  • Individual
  • Enterprise
  • Others

By Region

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • Northern Africa
    • South Africa
    • Rest Of Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Digital Marketing Services Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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