Web Marketing Market: Global Industry Analysis and Forecast (2023-2029)

The Global Web Marketing market size reached USD 350 Bn in 2022 and is expected to reach USD 925.93 Bn by 2029, growing at a CAGR of 14.91 % during the forecast period.

Web Marketing is a promotion of brands to connect with potential customers using the internet and other forms of digital communication. This includes not only email, social media, and web-based advertising, but also text and multimedia messages as a marketing channel. According to MMR Analysis, there were 5 billion internet users globally in April 2022 alone. The top three social networking sites used by marketers are LinkedIn, Twitter, and Facebook. Statistics collected by the MMR show that posting on social media is the top online activity in the US and the average American spends 37 minutes a day on social media. 99% of digital marketers use Facebook to market, 97% use Twitter, 69% use Pinterest and 59% use Instagram. A country with a rapid growth economy is expected to have very high significant growth in the Web Marketing industry. The rising adoption of big data, Augmented Reality (AR), and Virtual Reality (VR) technologies in digital marketing is expected to increase demand for Web marketing Market worldwide during the forecast period.
Web Marketing Market Snapshot
To know about the Research Methodology :- Request Free Sample Report

The Web Marketing Market key players are getting benefits from investing in web marketing, as it provides a cost-effective way to reach a larger audience, increase brand awareness, and drive sales. HubSpot is one of the leading players in the modern web marketing services industry today. The company also has an active blog with over 7 million monthly views. The posts contain extensive information on marketing, branding, content planning, website designing, social media, email marketing, virtual reality, social media tools, consumer behavior, and more. Its commitment to providing high-quality service and customer satisfaction has kept customers loyal through its continuous evolution over time.
Social Media Sites: percentage of usage on mobile devices in 2022


The report on the Global Web Marketing Market examines the market for the forecast period 2022-2029. The report is divided into various sections and contains an examination of industry trends and opportunities. The information gives a comprehensive evaluation of the present rapid improvements in all business sectors. Key data analysis for the historical period is provided using facts and statistics, visuals, and presentations. This MMR report includes recommendations for the industry, new entrants, existing market leaders, etc. based on a detailed study of the present competitive climate in the Web Marketing industry.

These estimates are based on an appropriate set of assumptions and methodologies. The bottom-up approach has been used to collect the data and analyze the market to figure out the market size by value segment. Major Key Players in the Web Marketing market are identified through secondary research and their market revenues are determined through a study of the top manufacturers' annual and financial reports, interviews with company key persons, and industry professionals such as experienced front-line staff, CEOs, and marketing executives. By understanding the scope of the market our analyst has segmented the market based on Robot Type, End-User Industry, and region. The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications.
Web Marketing Market Dynamics:

The rise of social media to Drive the Web Marketing Market.

Social media is a powerful way for businesses of all sizes to reach prospects and customers. Some large social media sites, such as Facebook, YouTube, and Reddit are the leading web marketing platforms for more than ten years. The average US adult spends 2.25 hours on social media every day. Around 74 % of consumers in the United States watch online videos each week, this medium will continue to play a significant role in connecting customers and businesses. Over 70% of people have a positive experience with a business on social media and it plays a strategic role in driving online sales. For example, if brands or products go viral online, they can see a spike in sales, increased brand awareness, and more direct interactions with consumers through promotions and targeted ads. Newer, popular platforms like Instagram, Pinterest, TikTok, Snapchat, and several others with billions of subscriptions can get the word out and expose target clients to the organization's offerings. Companies can reach almost 1 million customers via Instagram alone, and more than 9 million businesses use Facebook to connect with consumers.

Many businesses all around the world use social media platforms for both business-to-business (B2B) and business-to-consumer (B2C) digital marketing campaigns. B2B marketers are active on social media platforms like LinkedIn and Twitter. They also often rely on PPC campaigns to reach their target audiences without spending too much money. B2C marketers focus on improving brand awareness and attracting customers to their websites and products using social media platforms like Facebook, Twitter, Instagram, and Pinterest. Thus, the increasing use of Social media drives the Web Marketing Market during the forecast period.
Global Social Media Users over time (In Millions)


Increasing use of Mobiles and laptops to Drive Web Marketing Market

Web marketing through using mobile phones is growing because of the increasing use of smartphones all over the world. According to MMR Analysis, the number of smartphone subscriptions globally is currently over 6 billion and is expected to reach over 7.6 billion by 2027. This means that there is a huge potential audience for mobile-friendly web marketing campaigns. Mobile advertising campaigns are becoming increasingly popular and In 2021, mobile advertising spending reached a record $288 billion worldwide. This is an increase of 27% compared to 2020. Mobile advertising provides a path for brands to reach audiences who engage in ad-enabled activities through their mobile devices. 5G technology is a type of mega trend in the mobile communications industry that allows for quicker downloads, more efficient communication, and support for emerging augmented reality and virtual reality games and other content.

According to MMR Study, the 5G services market, which includes commercial as well as consumer usage and various IoT applications will reach $1.87 trillion by 2030. Videos have been exploding all over the internet and one of the major sub-trends in video is the popularity of short videos on apps such as TikTok. Mobile marketers are tapping into this trend with video ads and short educational videos. Google, Facebook, and other advertising platforms allow advertisers to specifically target mobile customers. Web Marketing Market can tailor their mobile strategy to suit their customers and industry. Therefore, the market is expected to grow during the forecast period.

The rising adoption of big data, Augmented Reality (AR), and Virtual Reality (VR) technologies in digital marketing to drive the Market

Augmented reality and virtual reality have gained significant attention in recent years, especially in the field of digital marketing. VR creates a completely immersive, computer-generated environment and AR involves overlaying digital information onto the real world. Both technologies have allowed brands to give their customers unique experiences with the convenience of tapping into their mobile devices. Brands are integrating this technology in their Digital Marketing strategies to offer the audience a feel of what they can expect from the product or service they are buying. These technologies in web marketing have a number of applications including product demonstrations, immersive brand experiences, and interactive content. According to MMR Analysis, global spending on AR/VR in 2021 was estimated to be up to $19.8 billion, up 78.5% from 2020. Businesses all over the world are trying to find ways to stay competitive as consumers are looking for richer engagement points in shopping experiences. Therefore, the Augmented Reality (AR), and Virtual Reality (VR) technologies are quickly being adopted by some of the world’s largest markets. Thus, the Web Marketing Market is expected to grow during the forecast period.

Market Restraint:

Web marketing is effective, but companies can’t rely only on web marketing. In the pharmaceutical market, it is observed that around 65% of physicians want to meet the medical representatives personally not through the digital medium, and the marketing through the digital medium is generally ignored by them. So, it should be balanced between web and physical marketing because both are important.
Web Marketing Market Segment Analysis:
Based on the Solution, the CRM software segment accounted for 56 % share of the global market in 2022 because of the increasing use of CRM software by businesses to manage customer data and interactions. CRM software offers a number of advantages such as the capacity to handle enormous numbers of customer and corporate data and the ability to manage customer contacts at optimal levels. CRM software is used to track customer activity on a website, such as which pages they visit, which products they view, and which links they click. This information is used to personalize the customer experience and target marketing campaigns more effectively.

The Social Media segment accounted for a 21% share of the global market in 2021 because of the increasing use of social media platforms by established players in the e-commerce sector to promote products. These platforms include Instagram, Facebook, Snapchat, Twitter, and Pinterest. The segment's growth is also fueled by the continuing incorporation of cutting-edge technology like big data analytics and AI into social media platforms. For instance, chatbots are actively utilized to gather, examine, and visualize customer-related data, such as reactions to goods and services.

Based on the Deployment Type, the cloud segment accounted for the largest revenue share of over 32% in 2022. Businesses all around the world significantly personalize their products and services because of the flexibility of cloud-based digital marketing software implementation. The establishment of a control center to monitor, manage, and arrange many components of a digital marketing campaign is also facilitated by cloud-based deployment. Organizations are using cloud deployment to pair virtual cloud servers with dedicated hosting infrastructure. Thereby driving the growth of the Cloud segment.
Web Marketing Market, by Deployment Type in 2021


Based on the Enterprise Size, the large enterprises segment accounted for the largest market share of over 21% in 2022. The market demand for large enterprises is expected to be driven by major companies' increasing adoption of digital marketing tools to manage their enormous consumer information effectively. Additionally, the expansion of the large enterprise segment is attributed to the growing use of digital marketing tools such as CRM, email marketing, and content management for effectively managing big client databases. Large businesses use digital marketing software to control various information sources such as websites, social media platforms, and emails. Thereby driving the growth of the large enterprises segment during the forecast period.
Web Marketing Market Regional Insights
The North American region is the fastest-growing region across the globe in the Web Marketing market because more people are using their mobile devices to access the internet and the growing use of social media marketing in this region. According to MMR Analysis, approx. 72 % of businesses in the United States use web marketing. The top web marketing channels in the United States are search engine marketing (SEM), social media marketing, content marketing, email marketing, and display advertising. The growing popularity of online shopping, the growing use of mobile devices, and the increasing sophistication of web marketing techniques are all driving the growth of the web marketing market in the United States. Google is the leading player in the web marketing industry, offering a wide range of digital marketing services, including search engine optimization (SEO), pay-per-click (PPC) advertising, and social media marketing.

PPC advertising is a popular web marketing service offered by Google that allows businesses to place ads on Google's search engine results pages. The use of cloud computing for the deployment of various high-tech solutions, such as content management, marketing automation, and CRM on cloud platforms is encouraged in the U.S. by several organizations and associations, including the National Cloud Technologists Association and the Cloud Native Computing Foundation. It is also expected that the region's consumers' growing preference for online shopping would present chances for advertising to offer their services and goods online.

The Asia Pacific is expected to have significant growth in Web Marketing Market over the forecast period. The region is distinguished by a high density of people, the widespread use of smartphones, and the on-going development of high-speed data networks. Additionally, a significant share of smartphone users in the Asia Pacific region accesses social media on their portable devices. As a result, the region provides enormous prospects for online advertising. Promotional events like the Digital Marketing Summit Asia, which give industry participants a chance to exhibit their web marketing software solutions in the Asia Pacific region are also expected to boost the market demand in this region.
Web Marketing Market Scope: Inquire before buying



Web Marketing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US$ 350.00Bn.


Forecast Period 2023 to 2029 CAGR:
14.91%
Market Size in 2029:
US$ 925.93 Bn.


 Segments Covered:
by Solution
CRM Software
Email Marketing
Social Media
Search Marketing
Content Management
Marketing Automation
Campaign Management
Others


by Service
Professional Services
Managed Services


by Enterprise Size
Large Enterprises
Small & Medium Enterprises (SMEs)


by Deployment Type
Cloud
On Premises


by End Use
Automotive
BFSI
Education
Government
Healthcare
Manufacturing
Media & Entertainment
Others



Web Marketing Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Web Marketing Market, Key Players
1. Adobe, Inc.
2. Hewlett Packard Enterprise Company
3. Hubspot, Inc.
4. International Business Machines Corporation
5. Marketo, Inc.
6. Microsoft Corporation
7. Oracle Corporation
8. Salesforce.com, Inc.
9. SAP SE
10. SAS Institute, Inc.
FAQs:
1. Who are the key players in the Web Marketing market?
Ans. Adobe, Inc., Hewlett Packard Enterprise Company, and Hubspot, Inc. are some of the market players in the Web Marketing market.

2. Which Solution segment dominates Artificial Intelligence in the Robotics market?
Ans. The CRM Software segment accounted for the largest share of the global Web Marketing market in 2021.

3. How big is Web Marketing market?
Ans. The Global Web Marketing market size reached USD 350 Bn in 2022 and is expected to reach USD 925.93 Bn by 2029, growing at a CAGR of 14.91 % during the forecast period.

4. What are the key regions in the global Web Marketing market?
Ans. Based On the region, the Web Marketing Market has been classified into North America, Europe, Asia Pacific, the Middle, East and Africa, and Latin America. Asia Pacific dominates the global Web Marketing market.

5. What is the study period of this market?
Ans. The Global Web Marketing Market is studied from 2021 to 2029.