Market revenue in 2023 | USD 14,350.5 million |
Market revenue in 2030 | USD 46,267.0 million |
Growth rate | 18.2% (CAGR from 2023 to 2030) |
Largest segment | Software |
Fastest growing segment | Services |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Software, Services |
Key market players worldwide | Adobe Inc, Hewlett Packard Enterprise Co, HubSpot Inc, International Business Machines Corp, Microsoft Corp, Oracle Corp, Salesforce Inc, SAP SE, SAS, Marketo |
Software was the largest segment with a revenue share of 65.19% in 2023. Horizon Databook has segmented the Europe digital marketing software market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
In Europe, various factors, such as the growing social media penetration, coupled with the increasing marketing investment by multiple regional end-user verticals, are expected are propel the adoption of digital marketing software.
The increasing demand for data integration services, expanding 5G network coverage, and growing adoption of SaaS cloud services are some of the key factors contributing to the growth of the European regional market.
In Germany, several industries, including financial services, manufacturing, and information technology, are focusing on digitizing their business operations, thereby creating growth opportunities for digital marketing software in the country.
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