Account-based marketing software liberates sales and marketing departments from comprehensive lead generation and branding strategies by identifying high-quality target accounts through the application of individualised marketing methods. Software for account-based marketing provides tools to speed up and automate the common process of creating appropriate accounts by identifying prospects. The application can identify prospects and provides the appropriate resources for account growth.
With the help of this tool, users may develop highly qualified leads, increase opportunities for customers that are already in the pipeline, and design unique buying journeys. Users can connect prospect data with real-time customer experience technology with the help of account-based marketing tools.
This makes it possible to implement a market strategy based on accounts. Consequently, it is simpler to integrate sales and marketing personnel with line operations to meet corporate objectives.The Account-Based Marketing (ABM) market refers to the strategy of targeting and engaging high-value accounts or customers through personalized and focused marketing efforts. ABM typically involves a coordinated effort by marketing and sales teams to identify and target accounts with the highest potential for revenue growth and customer retention
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The growth of the market is primarily driven by the increasing need for personalized marketing and sales strategies, the growing demand for account-based advertising and targeting, and the adoption of advanced analytics and marketing automation tools.
North America is expected to hold the largest share of the ABM market, followed by Europe and Asia Pacific. The increasing adoption of ABM solutions by small and medium-sized businesses (SMBs) is also expected to drive the growth of the ABM market in the coming years. The major players in the ABM market include Adobe, Demandbase, Engagio, Terminus, and 6Sense.
Account-Based Marketing Market: Competition Landscape
Examples of some of the market participants in the global account-based marketing market identified across the value chain include
- InsideView
- Demandbase
- 6Sense Insights Inc.
- AdDaptive Intelligence Inc.
- Engagio
- HubSpot Inc.
- Radius Intelligence Inc.
- CELSIUS GKK INTERNATIONAL
- Albacross Nordic AB
- Marketo
Following are some key strategies and developments in the global account-based marketing market:
- For instance, in June 2019, Adobe introduced a new service called ABM Essentials for account-based experiences. This platform is meant to simplify data, services, technology and improve collaboration between B2B marketers and sales team.
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Account-Based Marketing Market: Regional Outlook
North America will continue to lead the global market share over the forecast period. Due to the rise in the adoption of cloud solutions in the region, North America will hold major market value. This tool helps in the robotization of marketing potential in nations such as the U.S and U.K. Owing to this; vendors are potentially investing in the account-based marketing market.
The account-based marketing market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.
Account-Based Marketing Market Segmentation
The account-based marketing market can be segmented on the basis of account type, component, deployment, organisation size and region.
Product Type:
- Strategic account-based marketing
- Account-based marketing Lite
- Programmatic account-based marketing
Component
- Solution
- Services
Deployment:
- Cloud
- On-premise
Organisation Size:
- Small and medium enterprises
- Large enterprises
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