Account-based Marketing Market by Account Type (Account-Based Marketing Lite, Programmatic Account-Based Marketing, Strategic Account-Based Marketing), Component (Services, Tools), Deployment Model, Organization Size, Verticals - Global Forecast 2024-2030

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[185 Pages Report] The Account-based Marketing Market size was estimated at USD 1.38 billion in 2023 and expected to reach USD 1.59 billion in 2024, at a CAGR 13.10% to reach USD 3.28 billion by 2030.

Account-based marketing (ABM) is a strategic direction to business marketing in which an organization considers and communicates with individual prospects or customer accounts. It is a collaborative strategy that involves sales and marketing teams working together to target best-fit accounts and turn them into customers. ABM helps organizations align marketing resources more efficiently and create personalized campaigns to engage each account. The need for greater personalization and efficiency in marketing efforts drives ABM. As competition increases in many sectors, the ability to differentiate through tailored messaging becomes crucial. The rise of data analytics also enables companies to gain deep insights into specific accounts, thereby driving targeted strategies. Companies also turn to ABM to improve alignment between sales and marketing teams, ultimately increasing ROI by focusing on accounts with the highest potential for revenue growth. Implementing ABM poses several challenges, including the need for significant resources, such as time and advanced data analytics tools. It requires a cultural shift within an organization to foster alignment and collaboration between sales and marketing teams. Additionally, creating customized content tailored to each account can be resource-intensive and requires a deep understanding of the target companies' business needs and pain points. ABM offers numerous opportunities, such as building closer relationships with high-value accounts and delivering higher ROI compared to traditional marketing approaches. It also allows for clearer metrics and accountability, as success is measured by engagement and revenue from the targeted accounts. Furthermore, ABM provides an opportunity to streamline marketing efforts by focusing on fewer, more qualified leads, which in turn can lead to shorter sales cycles and larger deal sizes.

The United States represents a robust technological infrastructure and substantial investments in marketing automation tools, driving high adoption rates for account-based marketing in technology, finance, and healthcare sectors. Canada shows growing interest in account-based marketing due to increasing digitization, focusing on personalized customer interactions and data-driven decision-making. European countries, including the UK, Germany, and France, emphasize GDPR compliance, influencing sophisticated data management practices. In the Middle East and Africa, countries, particularly the UAE and South Africa, are budding markets for account-based marketing, focusing on high-value transactions and digital marketing infrastructure. China's economy and tech-savvy population make it significant for an account-based marketing market, integrating with social media platforms and leveraging big data. Japan's market emphasizes long-term relationships and detailed targeting, while India's potential stems from its increasing digitalization and IT services sector. Latin American countries, particularly Brazil, Mexico, and Argentina, show growing account-based marketing adoption with personalized marketing campaigns for diverse markets. Africa, especially South Africa, focuses on high-value clients in finance and telecommunications, increasing investments in digital tools. ASEAN countries, comprising Singapore, Indonesia, and Malaysia, rapidly adopt account-based marketing, integrating with digital marketing and e-commerce.

The regulatory landscape in account-based marketing varies across regions, with the United States adhering to the California Consumer Privacy Act (CCPA) and other sector-specific regulations, necessitating transparent data practices and customer consent. The European Union's General Data Protection Regulation (GDPR) emphasizes stringent user consent, data protection, and transparency. Under the Personal Information Protection and Electronic Documents Act (PIPEDA), Canada requires explicit consent for personal data usage. The Middle East and Africa (MEA) features maturing regulatory frameworks in countries such as the UAE and South Africa, focusing on data protection. China, Japan, and India have diverse regulatory frameworks, including the Cybersecurity Law, the Act on the Protection of Personal Information (APPI), and the emerging Personal Data Protection Bill. Emerging markets show significant growth potential due to expanding digital infrastructure and increasing tech adoption, offering opportunities for personalized marketing solutions and government initiatives promoting digital economies. Developed countries can invest in advanced compliance technologies, drive innovation through R&D, and expand globally by adapting to regional nuances.

Account-based Marketing Market
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Market Dynamics

The market dynamics represent an ever-changing landscape of the Account-based Marketing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

  • Market Drivers
    • Growing need to identify best-fit customers to expand company revenue
    • Significant development of social media and social advertising
    • Rapid shift towards the advanced marketing models
  • Market Restraints
    • Concern associated with inadequate data sets
  • Market Opportunities
    • Introduction of AI-powered ABM platforms
    • Rise in adoption of clous based solutions
  • Market Challenges
    • Reluctance to shift from traditional marketing approach and difficulty in identifying right tools for ABM

Porter’s Five Forces Analysis

The porter's five forces analysis offers a simple and powerful tool for understanding, identifying, and analyzing the position, situation, and power of the businesses in the Account-based Marketing Market. This model is helpful for companies to understand the strength of their current competitive position and the position they are considering repositioning into. With a clear understanding of where power lies, businesses can take advantage of a situation of strength, improve weaknesses, and avoid taking wrong steps. The tool identifies whether new products, services, or companies have the potential to be profitable. In addition, it can be very informative when used to understand the balance of power in exceptional use cases.

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Account-based Marketing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Account-based Marketing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Account-based Marketing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Account-based Marketing Market, highlighting leading vendors and their innovative profiles. These include 6Sense, Act-On Software, AdDaptive Intelligence, Inc., Albacross, Demandbase, Demandscience, Drift, Evergage by Salesforce, Inc., Folloze, Inc., Foundry ABM, HunSpot, Integrate, Kwanzoo, Inc., Lattice Engines, Leadfeeder, Madison Logic, Inc., Market Resource Partners, LLC, Marketo by Adobe Inc., Metadata.io, Postal.io, Reachdesk, RollWorks, Terminus ABM, Uberflip, and WPP LLC.

Market Segmentation & Coverage

This research report categorizes the Account-based Marketing Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Account Type
    • Account-Based Marketing Lite
    • Programmatic Account-Based Marketing
    • Strategic Account-Based Marketing
  • Component
    • Services
    • Tools
  • Deployment Model
    • On-Cloud
    • On-Premises
  • Organization Size
    • Large Enterprise
    • Small & Medium Enterprise
  • Verticals
    • Automotive & Manufacturing
    • BFSI
    • Construction & Engineering
    • Education
    • Government & Public Sector
    • Healthcare & Lifescience
    • IT & Telecommunication & Media
    • Retail & eCommerce

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

This research report offers invaluable insights into various crucial aspects of the Account-based Marketing Market:

  1. Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
  2. Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
  3. Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
  4. Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
  5. Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.

Additionally, the report addresses key questions to assist stakeholders in making informed decisions:

  1. What is the current market size and projected growth?
  2. Which products, segments, applications, and regions offer promising investment opportunities?
  3. What are the prevailing technology trends and regulatory frameworks?
  4. What is the market share and positioning of the leading vendors?
  5. What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Account-based Marketing Market, by Account Type
  7. Account-based Marketing Market, by Component
  8. Account-based Marketing Market, by Deployment Model
  9. Account-based Marketing Market, by Organization Size
  10. Account-based Marketing Market, by Verticals
  11. Americas Account-based Marketing Market
  12. Asia-Pacific Account-based Marketing Market
  13. Europe, Middle East & Africa Account-based Marketing Market
  14. Competitive Landscape
  15. List of Figures [Total: 25]
  16. List of Tables [Total: 471]
  17. List of Companies Mentioned [Total: 25]
Frequently Asked Questions
  1. How big is the Account-based Marketing Market?
    Ans. The Global Account-based Marketing Market size was estimated at USD 1.38 billion in 2023 and expected to reach USD 1.59 billion in 2024.
  2. What is the Account-based Marketing Market growth?
    Ans. The Global Account-based Marketing Market to grow USD 3.28 billion by 2030, at a CAGR of 13.10%
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    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
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