Digital Marketing, Market Share, Scope & Career

Digital Marketing Market

Digital Marketing Market, Till 2035: Distribution by Mode of Marketing (Online Interactive and Offline Interactive) Type of Digital Channel (Blogging and Podcasting, Digital OOH Media, E-Mail Marketing, Interactive Consumer Website, Mobile Marketing, Online Display Advertising, Online Video Marketing, Search Engine Optimization (SEO), Social Networking Market, Viral Marketing and Others), Type of End-Users (Automotive, Banking Financial Services & Insurance (BFSI), Government, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-Commerce and Others), Type of Deployment (Cloud, Hybrid and On-premise), Type of Enterprise Size (Large Enterprise and Small & Medium Enterprise (SME’s)) and Geographical Regions (North America, Europe, Asia, Latin America, and Middle East and North Africa and Rest of the World): Industry Trends and Global Forecasts

Digital Marketing Market Overview

The digital marketing  market size is projected to grow from $446.5 billion in 2024 to $1,501 billion by 2035, representing a CAGR of 11.66% during the forecast period 2024-2035. The new research study consists of industry trends, detailed market analysis, key market trends of the digital marketing market, SWOT analysis and value chain analysis.

Digital marketing has changed the business world and their means to connect with customers through digital technology. Thus, digital marketing market powering the future business growth through efficiency and innovation. It utilizes various platforms to promote a product or service, bring awareness about a brand and attracting more customers, such as using websites, social media management, search engines, email marketing and mobile applications. One of the major advantages of digital marketing is wide targeted audience can be reached cost-effectively and measurably. Other advantages include global reach,

personalisation promotions, increase customer loyalty and engage customers on daily bases. Furthermore, digital marketing includes various engaging tactics, including search engine optimization, content marketing, social media marketing, influencer marketing and mobile marketing. It is worth noting that essentialness of digital marking is on surge due to rapid penetration of internet, mobile phones and technologies. Interestingly, more than 5 billion people use internet across the world in 2024. 

The digital marketing market is emerging as a critical component in the global shift towards innovation and digital advancement to reach large number of potential customers. Artificial intelligence and machine learning has played a pivotal role in unlocking its full potential,

which improves personalization capabilities. Additionally, chatbots and AI assistants have also gained attraction as companies are focusing on automation, instant customer support and enhanced customer experience. Consequently, with continuous technological advancements, as the demand for wide customer reach continues to grow, the digital marketing market is anticipated to witness noteworthy growth during this forecast period.

Digital Marketing Market Share Insights

The market report presents an in-depth analysis of the various service providers that are involved in offering digital marketing market, across different segments, as defined in the table below:

Digital Marketing Market: Report Attributes / Market Segmentations

Digital Marketing Market Key Segments

Market Share by Mode of Marketing

The global digital marketing market is segmented into various modes of marketing, such as online interactive and offline interactive. According to our analysis, the online interactive segment will augment the segment's growth with the largest market share and is also anticipated the fastest growth during this forecast period. The growing online customer engagement and huge upside potential for online customer satisfaction is estimated to be a primary factor in boosting the segment growth.

Market Share by Type of Digital Channel

Based on the type of digital channel, the global digital marketing market is split into different types of digital channels, such as blogging and podcasting, digital ooh media, e-mail marketing, interactive consumer website, mobile marketing, online display advertising, online video marketing, search engine optimization (SEO), social networking market, viral marketing and others. Among the categories, the search engine optimization segment is expected to gain the maximum market share and will dominate the segment till 2035.

Owing to effectiveness in potential consumer reach make it the most popular option, thriving the segment growth. Moreover, the social networking market is projected to expand at a higher CAGR driven by the rising engagement of customer on social media platforms. 

Market Share by Type of End-Users

The global digital marketing market is fragmented into multiple types of end-users, namely automotive, banking financial services & insurance (BFSI), government, healthcare, IT & telecom, media & entertainment, retail & e-commerce and others. The media & entertainment segment is anticipated to dominate the segment with the highest market share over this forecast period. Further the increasing need of promoting diverse content, such as promoting films, music, and other content through digital channels is likely to drive segment’s growth at a higher CAGR during this forecast period.

Market Share by Type of Deployment

On the basis of the type of deployment, the digital marketing market is bifurcated into cloud, hybrid and on-premise. As per our research, the cloud segment is projected to hold the majority of the market shares and will drive the segment growth until 2035. The flexibility, scalability, and lower upfront costs associated with cloud solutions are the factors attributed to uplifting the segment growth. Therefore, the cloud segment is also expected to grow at a faster CAGR in the coming years.

Market Share by Type of Enterprise Size

Based on the types of distribution channels, the global digital marketing market is segmented into large enterprise and small & medium enterprise (SMEs). According to our analysis, the large enterprises are leading the segment with the major market shares and is expected to growth with the fastest CAGR in the forecasted period.  This can be owed to its capacity to invest in advanced digital marketing strategies, including customer relationship management (CRM) and content management systems to enhance customer engagement and drive business growth.

Market Share by Geographical Regions

This segment highlights the distribution of digital marketing across various geographical regions, such as North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our analysis, North America exhibits dominance in the market with the majority of the digital marketing market share in the global marketplace, this can be attributed to its established digital infrastructure. However, Asia is projected to drive the market at a higher CAGR during this forecast period due to high internet penetration in the region and increasing investment in digital infrastructure in developing countries such as India, China and Japan.

Digital Marketing Market Key Insights

The “Digital Marketing Market, Till-2035: Distribution by Mode of Marketing (Online Interactive and Offline Interactive), Type of Digital Channel (Blogging and Podcasting, Digital OOH Media, E-Mail Marketing, Interactive Consumer Website, Mobile Marketing, Online Display Advertising, Online Video Marketing, Search Engine Optimization (SEO), Social Networking Market, Viral Marketing and Others), Type of End-Users (Automotive, Banking Financial Services & Insurance (BFSI), Government, Healthcare, IT & Telecom, Media & Entertainment, Retail & E-Commerce and Others), Type of Deployment (Cloud, Hybrid and On-premise), Type of Enterprise Size (Large Enterprise and Small & Medium Enterprise (SME’s)) and Geographical Regions (North America, Europe, Asia, Latin America, and Middle East and North Africa and Rest of the World): Industry Trends and Global Forecasts “report features an extensive study of the current market landscape, market size and future opportunity within their digital marketing market, during the given forecast period. The market report highlights the efforts of several stakeholders involved in this rapidly emerging segment of the service providers industry.

Key takeaways of the digital marketing market report are briefly discussed below.

Market Trends in Digital Marketing Market

Digital marketing is being shaped by several key trends, including the rise of artificial intelligence for data analysis and automation, the popularity of short-form video content on platforms like TikTok, and the evolution of social media with new entrants. Further, various video marketing platforms, such as Instagram, YouTube and Facebook have managed to attract huge customer base in recent time, which would provide great opportunity for digital marketing players to promote their product or services on videos. Notably, brands are exploring the metaverse for immersive experiences, emphasizing sustainability and continuing to leverage email marketing through segmentation for improved effectiveness.

Competitive Landscape of Digital Marketing Market

With the presence of several small and large digital marketing companies, the market is experiencing intense competition and changing market dynamics. From large multinational companies to local digital marketing players, companies are striving to enhance their competitive edge. In terms of market share, large enterprises and multinational companies are dominating the market. While small digital marketing players are continuously improving their products to cater to niche markets, or they are offering specialized services. These industry players are focusing on adopting competitive strategies, such as developing innovative interacting techniques, forming strategic alliances and partnerships to expand their portfolios and global footprint, investing in recent developments and new feature launches to enhance their offerings.

 Key Drivers of Digital Marketing Market

The increasing importance of first-party data and consumer trust, coupled with advancements in technologies, such as AI and machine learning, will enable more personalized and responsive marketing strategies. Companies that invest in skills and resources, integrate online and offline efforts, and focus on market segmentation and personalization are likely to thrive in this evolving landscape. Further, as the 5G technologies emerge, real-time behavioral data will play a crucial role in shaping the future of digital marketing, where the ability to deliver value and build lasting relationships with consumers will be the key to success are likely to fuel market development during this forecast period.

Regional Analysis: North America is Expected to Dominate the Market with the Largest Digital Marketing Market Share

With respect to regional insights, North America is likely to dominate the market for digital marketing. Primarily, due to its high internet penetration, advanced technological infrastructure, and substantial marketing budget is one of the key market drivers. The region's tech-savvy consumers and businesses are readily adopting new digital trends, driving significant investments in various marketing channels. Additionally, the growth of e-commerce has further propelled digital marketing, as businesses increasingly turn to online platforms to reach customers.

Leading Companies in the Digital Marketing Market

Examples of key service providers involved in the digital marketing market (which have also been captured in this market report, arranged in alphabetical order) include 97th Floor, American Express, Coalition Technologies, Cuker, Disruptive Advertising, Foxy Moron, GH Digital Media, Ignite Visibility, JPMorgan Chase, Location3 Media, Microsoft, Oracle, PB&J Promotions, Silver Strategy, Silverback Strategies, Split Reef, Thrive Internet Marketing Agency, TopSpot Internet Marketing, Web Net Creatives, WebFX and Webimax. This market report includes an easily searchable excel database of all the companies who have adopted the digital marketing Market.

Digital Marketing Market Report Coverage

The market report presents an in-depth analysis, highlighting the capabilities of various companies engaged in this domain, across different segments. Amongst other elements, the market report includes:

• A preface providing an introduction to the full report, digital marketing market, 2019-2023 (Historical Trends) and 2024-2035 (Forecasted Estimates).

• An outline of the systematic research methodology adopted to conduct the study on the digital marketing market, providing insights on the various assumptions, methodologies, and quality control measures employed to ensure the accuracy and reliability of our findings.

• An overview of economic factors that impact the overall digital marketing market, including historical trends, currency fluctuation, foreign exchange impact, recession, and inflation measurement.

• An executive summary of the insights captured during our research. It offers a high-level view on the current state of the market for digital marketing market and their likely evolution in the mid-long term.

• A detailed assessment of the digital marketing market landscape, based on several relevant parameters, including year of experience, company size, location of headquarters, and ownership structure.

• Elaborate profiles of prominent players engaged in the digital marketing market, featuring information on their year of establishment, location of headquarters, company size, company mission, company footprint, management team, contact details, financial information, operating business segments, digital marketing portfolio, moat analysis, recent developments, and an informed future outlook. 

• A value chain analysis featuring a discussion on various stakeholders involved in the development of the digital marketing market, from suppliers to end-users.

• A discussion on affiliated trends, key drivers and challenges, under a SWOT framework, which are likely to impact the industry’s evolution, along with a Harvey ball analysis, highlighting the relative effect of each SWOT parameter on the overall digital marketing market.

• A detailed estimate of the current market size and the future growth potential of the digital marketing market over the next decade. Based on multiple parameters we have provided an informed estimate on the market evolution during the forecast period 2024-2035. The report also features the likely distribution of the current and forecasted opportunity within the digital marketing market. Further, in order to account for future uncertainties and to add robustness to our model, we have provided three forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the industry’s growth.

• Detailed projections of the current and future digital marketing market across various mode of marketing such as online interactive and offline interactive.

• Detailed projections of the current and future digital marketing market across various types of digital channel such as blogging and podcasting, digital ooh media, e-mail marketing, interactive consumer website, mobile marketing, online display advertising, online video marketing, search engine optimization (SEO), social networking market, viral marketing and others.

• Detailed projections of the current and future digital marketing market across various types of end-users such as automotive, banking financial services & insurance (BFSI), government, healthcare, it & telecom, media & entertainment, retail & e-commerce and others.

• Detailed projections of the current and future digital marketing market across various types of deployment such as cloud, hybrid and on-premise.

• Detailed projections of the current and future digital marketing market across various types of enterprise size such as large enterprise and small & medium enterprise (SME’s).

• Detailed projections of the current and future market for digital marketing market across various geographical regions, such as North America (US, Canada, Mexico and other North American countries), Europe (Austria, Belgium, Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Russia, Spain, Sweden, Switzerland, UK and other European countries), Asia (China, India, Japan, Singapore, South Korea and other Asian countries), Middle East and North Africa (Egypt, Iran, Iraq, Israel, Kuwait, Saudi Arabia, UAE and other MENA countries), Latin America (Brazil, Chile, Colombia, Venezuela and other Latin American countries) and rest of the world (Australia, New Zealand and other countries).

Recent Developments in Digital Marketing Market

• In July 2024, Orbler, a blockchain-based platform, and Nexa Fusion, a digital marketing agency, partnered to change digital marketing by leveraging AI and blockchain technologies.

• In July 2024, Jamia Hamdard University partnered with the Institute for Film Training and Digital Marketing (IFTDM) to launch a new six-month digital marketing certificate course, set to begin in 2024 batch.

• In July 2024, News Corp Australia hosted a digital marketing event called D_Coded in partnership with Media Tonic in Perth.

• In April 2024, The National Association of Mortgage Brokers (NAMB) partnered with Roomvu to enhance digital marketing for its members by providing automated tools for content creation and newsletter distribution.

• In March 2024, Vancouver Island University (VIU) partnered with the Digital Marketing Institute to offer a new Digital Marketing Associate Certification for Master of Business Administration students.