Email Marketing Market Projected to Hit USD 3.1 billion at an...

Email Marketing Market Projected to Hit USD 3.1 billion at an 11.40% CAGR by 2030- Report by Market Research Future (MRFR)

Posted 2022-10-20 14:37:23

Market Analysis

The global email marketing market is predicted to grow at a healthy 11.40% CAGR between 2022- 2030, states the recent Market Research Future (MRFR) analysis. Email marketing is more than merely sending mails. It has various features like reporting and analytics, campaign automation, scheduling, email builders, and design tools that allows enterprises in streamlining their marketing efforts. The key benefits of email market solution are in building customer loyalty, increasing the number of leads, and increasing sales.

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Key Players: -

GetResponse (Poland)
Zoho Campaigns (India)
Campaign Monitor (US)
HubSpot
(US)
Klaviyo (US)
ActiveCampaign
LLC (US)
com
(US)
SendinBlue (France)
Adobe (US)
Kevy (US)
Pinpointe On-Demand
(US)

Various factors are fuelling the global email marketing market share. As per the recent MRFR market estimates, such factors include increasing digitalization worldwide, growing number of internet users, increasing trend of digital marketing, surge in the acceptance of smartphones and tablets, growing internet penetration even in remote or distant locations, increasing use during COVID-19 pandemic, launch of 5G network facility, rise in hosted service and email marketing providers, growing acceptance of digital literacy and awareness, and cheapening of tariff rates.

On the contrary, budget constraints, lack of awareness among SMEs in developing economies, lack of infrastructure in emerging economies, growing security issues, and stringent regulations related to user data privacy may limit the global email marketing market growth over the forecast period.

Market Segmentation

The MRFR report throws light on an inclusive segmental analysis of the global email marketing market based on industry vertical, deployment mode, organization size, and component.

By component, the global email marketing market is segmented into services and solutions.

By deployment mode, the global email marketing market is segmented into on-premises and cloud.

By organization size, the global email marketing market is segmented into small enterprises, medium-sized enterprises, and large enterprises. Of these, the small and medium sized enterprises will lead the market over the forecast period.

By industry vertical, the global email marketing market is segmented into IT and telecom, BFSI, media and entertainment, transportation and logistics, education, food and beverages, travel and hospitality, retail and consumer goods, and others.

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Regional Analysis

By region, the global email marketing market covers the recent trends and growth opportunity across North America, Europe, the Asia Pacific (APAC), and Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. The presence of large number of enterprises, high degree of digitalization, the increase in the application of convenient marketing, and the growing inclination of start-ups towards email marketing are adding to the global email marketing market growth in the region.

In Europe, the global email marketing market is predicted to hold the second-largest share over the forecast period for the rise in the number of start-ups and the penetration of email marketing in different enterprises in the UK.

In the APAC region, the global email marketing market is predicted to grow at a fast pace over the forecast period. Rapidly increasing number of enterprises, growing adoption of digital marketing solutions, presence of largest population of email users, the presence of several reputed companies, rapid globalization, the emergence of new companies, fast growing enterprises, and the increasing adoption of various digital marketing solutions by emerging companies are adding to the global email marketing market growth in the region.

In RoW, the global email marketing market is predicted to have sound growth over the forecast period.

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The global email marketing market is fragmented and competitive with the presence of many domestic as well as international industry players. They have incorporated assorted strategies to stay at the forefront and cater to the surging needs of the customers, including collaborations, partnerships, contracts, geographic expansions, new product launches, joint ventures, and more. Additionally, these players are also making heavy investments in research and development activities for strengthening their portfolios and also creating a hold in the market.

Industry Updates

April 2021- Amazon is offering email marketing tool to its sellers.

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