Global Mobile Marketing Market Size is Expected to Grow From USD 10.5 Billion in 2019 to USD 25.0 Billion by 2024 with a CAGR of 18.9% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Mobile Marketing Market by Component (Platform and Services), Channel, Organization Size (SMES and Large Enterprises), Vertical (Retail and Ecommerce, Travel and Logistics, Automotive, and Telecom and IT), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global mobile marketing market size is expected to grow from USD 10.5 billion in 2019 to USD 25.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 18.9% during the forecast period.

Increased use of mobile web and mobile applications, the popularity of mobile marketing with increasing mobile devices, high penetration of mobile users, and the growth of social media and advertising to drive the growth of the mobile marketing market

Increased use of mobile web and mobile applications, the popularity of mobile marketing with increasing mobile devices, high penetration of mobile users, and the growth of social media and advertising for enhancing mobile marketing are expected to drive the growth of the market across the globe. However, security and privacy concerns for confidential data and complications in the implementation of mobile marketing platform are expected to restrict the growth of the market across the globe.

Services segment to grow at the highest CAGR during the forecast period

The services segment is projected to grow at the highest CAGR during the forecast period. Services form an integral part of the mobile marketing life cycle. They assist in carrying out software functionalities, ranging from deployment to management, such as implementation and integration, training and consultation, product upgradation, and support and maintenance. The services segment of the mobile marketing market is expected to have a promising future due to various integration of marketing applications. Services help organizations in building successful customer relationships by continuously supporting them through their business tenure. They also benefit organizations by enhancing marketing project execution and streamlining marketing operations.

SMEs segment to lead the mobile marketing market in 2019

SMEs in all verticals and regions are now taking advantage of the current mobile technology. Several SMEs already have mobile sites and mobile applications, which make mobile marketing one of the most effective and economical marketing channels for them. They are now shifting from using traditional marketing to digital marketing, and a majority of their marketing expenditure now goes into digital marketing channels. The mobile marketing platform market in the SMEs segment is expected to gain traction in the years to come, as more vendors would come up with different mobile marketing platforms to cater to the demands of the SMEs.

Telecom and IT segment to grow at the highest CAGR during the forecast period

Mobile marketing solutions have been finding their way into the telecom and IT vertical for the last 10 years. Telecommunications companies use mobile marketing as a channel to communicate with their customers to enhance customer loyalty, increase brand awareness, and consistently generate revenue. SMS, MMS, and mobile emails have been widely used by telecom and IT vertical. Location-based marketing is also gaining traction in this vertical, as telecommunications companies now tend to send offers and promotions based on customers' location.

North America to lead the mobile marketing market in 2019

North America is estimated to be the largest market size contributor in 2019, and the trend is expected to continue during the forecast period due to the rapid adoption of mobile marketing platform and services among enterprises in this region. North America has been an early adopter and a host to innovative initiatives for advanced technologies. Moreover, there is a significant rise in automated marketing spending by organizations due to increasing competition faced by these organizations to achieve new customers, satisfy old customers, and retain these customers.

Most mobile marketing platform vendors, including the major players, such as Adobe, Airship, Braze, Swrve, and Oracle, have a direct or an indirect presence in this region via distributors, and resellers. The major mobile marketing vendors in North America have adopted several strategies to enhance their existing product portfolio and expand their presence in the mobile marketing market.

Key benefits of buying the report

• The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall mobile marketing market and its segments.
• This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.
• The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Data Triangulation

2.3 Market Size Estimation

2.4 Market Forecast

2.5 Research Assumptions

2.6 Limitations

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in the Market

4.2 Asia Pacific Mobile Marketing Market, By Component and Country

4.3 Market Major Countries

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

5.3 Industry Trends

6 Mobile Marketing Market By Component

6.1 Introduction

6.2 Platform

6.3 Services

7 Mobile Marketing Market By Channel

7.1 Introduction

7.2 Messaging

7.3 Push Notification

7.4 Mobile Email

7.5 Quick Response Code

7.6 Location-Based Marketing

7.7 In-App Messaging

7.8 Mobile Web

7.9 Others

8 Mobile Marketing Market By Organization Size

8.1 Introduction

8.2 Small and Medium-Sized Enterprises

8.3 Large Enterprises

9 Mobile Marketing Market By Vertical

9.1 Introduction

9.2 Retail and eCommerce

9.3 Travel and Logistics

9.4 Automotive

9.5 Banking, Financial Services, and Insurance

9.6 Telecom and IT

9.7 Media and Entertainment

9.8 Healthcare

9.9 Government

9.10 Others

10 Mobile Marketing Market By Region

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 Middle East and Africa

10.6 Latin America

11 Competitive Landscape

11.1 Competitive Leadership Mapping

11.2 Strength of Product Portfolio

11.3 Business Strategy Excellence

11.4 Key Players in the Market, 2019

12 Company Profiles

12.1 Airship

12.2 Swrve

12.3 Vibes

12.4 Adobe

12.5 Braze

12.6 Acoustic

12.7 Localytics

12.8 Oracle

12.9 Salesforce

12.10 SAP

12.11 Marketo

12.12 Pyze

12.13 FollowAnalytics

12.14 Xtremepush

12.15 Imimobile

12.16 MoEngage

12.17 Punchh

12.18 Sailthru

12.19 Leanplum

12.20 Netcore Solutions

12.21 Right-To-Win

For more information about this report visit https://www.researchandmarkets.com/r/uwgnou