ABM Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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ABM Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : October, 2020 | Technology & Media | PPT format

Report Digest


Global Account-Based Marketing (ABM) Market: Snapshot

The drive for account-based marketing stems from the need for account-level personalization to enable personalized interactions with customers and buyers in modern marketing approach that seeks to integrate sales and advertising.  Over the years, account-based approaches have gained traction among sales teams. Account-based marketing (ABM) as an industry has seen rapid evolution over the past few years, witnessed in their rising demand among B2B marketers. The adoption of inbound methodology has made the market more customer-centric. There is a growing shift of companies toward highly targeted accounts, particularly those who want to increase their footprints among high-value customers. The growing pressure among marketing teams to drive revenue growth in the light of growing buying circles is a key factor that has been bolstering the uptake of ABM. The adoption of ABM approach has enabled them to tailor strategy to fit the specific needs of organizations and pursue high-value accounts. The use of various inbound marketing-based technologies has helped end users create content with the right message. The demand for programmatic buying is a case in point. Some of the notable benefits of account-based marketing are in reducing disruption, increasing customer engagement, and better targeting of prospects. The demand for higher return on investment in marketing campaigns is also a compelling underpinning to the adoption of ABM.

Over the years, account-based advertising (ABA) and account-based sales (ABS) have become an integral part of ABM, increasing the effectiveness and benefits of such an approach. The growing inclination toward avoiding disruptive messaging through better aligning of ABA and ABS is a key trend expected to open new frontiers in the ABM market. Organizations adopting account-based approach have increased their efforts to align sales and marketing strategies. Advances in marketing technology in recent years has increased the affordability of ABM among end users in various parts of the world.

Global ABM Market: Overview

The global account-based marketing (ABM) market is prognosticated to ride on certain positive factors such as improved customer lifetime value to increase its growth. Vendors operating in the global ABM market could bank on the rise of social advertising and social media and need to concentrate on the right audience. However, inaccuracies in datasets and reluctance to move beyond conventional sales practices are foreseen to hamper the demand in the global ABM market. On the other hand, data collection and GDPR practices and difficulties in selecting the right ABM tools could be among certain other challenges of the global ABM market.

Nevertheless, increasing impact of big data analytics and AI on ABM is expected to set the tone for significant growth in the global ABM market. Furthermore, rising adoption of cloud-based solutions could create a whole lot of demand in the global ABM market.

Global ABM Market: Trends and Opportunities

There are various types of ABM techniques used by organizations across the world: programmatic ABM, ABM Lite, and strategic ABM. Among these, the global ABM market could witness the dominance of strategic ABM in terms of growth. Its quicker growth in the global ABM market could be attributed to the rising need to mainly focus on target individuals and larger accounts directly in the organization.

Among end-use industries, IT and telecom is anticipated to show rapid progress in the global ABM market. This could be due to the rising need to provide improved IT-enabled solutions and services to customers and generation of large volumes of data owing to rising number of subscribers. The government and public sector could show faster growth in the global ABM market. This could be due to civil and government service agencies focusing on the improvement of customer satisfaction through customer-centric strategies with the adoption of appropriate ABM tools.

Global ABM Market: Market Potential

Growing interest of digital experience vendors in the global ABM market is prophesied to create lucrative prospects for players in the near future. This could be evidenced by Liferay’s acquisition of a controlling stake in Triblio. The digital experience vendor said in a statement that it would continue to make strategic investment in the expanding ABM business of Triblio. Both the companies are focusing on providing enterprises with enhanced content targeting and customer engagement capabilities. According to Triblio CEO, Andre Yee, the company would like to largely invest in its product development teams and customer success while extending its market reach using Liferay’s strategic commitment and investment.

Global ABM Market: Regional Outlook

The global ABM market is projected to witness the rise of North America as a leading region because of high penetration of ABM solutions. The developed region could bank on high adoption of cloud-based deployment offering enhanced IT security, 24/7 services, and increased speed and scalability. Enterprises of all sizes are expected to shift to cloud-based ABM solutions from conventional on-premises ones due to rising count of applications deployed over the cloud.

Asia Pacific could post a higher CAGR in the global ABM market. The developing region is envisaged to benefit from rising number of internet connections and improving internet speed, growing trend of online shopping, and colossal count of social media users. Asia Pacific also accounts for a significant number of mobile users in the world.

Global ABM Market: Competitive Landscape

The global ABM market includes top players such as AdDaptive Intelligence, Act-On Software, 6Sense, InsideView, and Demandbase. In order to expand their presence in the global ABM market, players are expected to focus on acquisitions, agreements, collaborations, partnerships, product upgrades, and new product launches.

Global ABM Market by Account Type

  • Strategic ABM (One-to-One Account)
  • ABM Lite (One-to-Few Account)
  • Programmatic ABM (One-to-Many Account)

Global ABM Market by Component

  • Tools
  • Services
  • Managed Services
  • Professional Services
    • Consulting Services
    • Support and Maintenance Services

Global ABM Market by Deployment Model

  • On-premises
  • Cloud

Global ABM Market by Organization Size

  • Large Enterprises
  • Small and Medium-sized Enterprises

Global ABM Market by Industry Vertical

  • Banking, Financial Services, and Insurance
  • Retail and Ecommerce
  • Government and Public Sector
  • Healthcare and Life Sciences
  • Automotive and Manufacturing
  • Media, Telecommunication, and IT

Global ABM Market by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Australia and New Zealand
    • Singapore
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa
    • Middle East
    • Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?