Cloud Advertising Market Size, Projections of Share, Trends, and Growth Forecast to 2026
Cloud-based advertising services that assist at various stages of an advertisement, from selecting an advertisement to determining the price when the advertisement is about to reach the end user, can be referred to as cloud advertising. Cloud advertising facilitates cloud-based advertising for different regions during different stages of online advertising. It provides different tools and services pertaining to different segments, such as business-to-business and business-to-consumer. The cloud advertising market offers integrated solutions and services for digital advertising. The increasing awareness and adoption of the cloud and the rapid increase in the number of internet users fuel the demand for cloud advertising.
The global Cloud Advertising Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period, to reach USD 6.7 billion by 2026 from USD 2.7 billion in 2021, according to a new report by MarketsandMarkets™.
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44850801
The cloud advertising market is booming, and cloud advertising solutions are being adopted by various end users for numerous applications. These solutions are witnessing massive adoption trends among large enterprises and SMEs. The cloud advertising market has been segmented, by organization size, into large enterprises and SMEs. The organization size section has been segmented based on the total number of employees in an organization. Both large enterprises and SMEs are adopting cloud-based data warehouse solutions across the world, owing to the growth of big data across all industries.
The cloud advertising market is highly competitive due to the presence of many market players, including a majority of top-tier and mid-tier companies. The rising need for managing the customer journey and autonomously optimizing marketing campaigns has played a major role in the adoption of cloud advertising and services across verticals, such as retail and e-commerce, IT and telecom, travel and hospitality, education, and BFSI. Moreover, the increasing adoption of cloud advertising by SMEs has led to a growth in demand for content management, customer data management, and analytics. The cloud advertising market has been segmented into platforms and services. The services segment has been sub-segmented into professional services and managed services. The professional services segment has been further sub-segmented into consulting, system integration and deployment, and support and maintenance.
In recent years, cloud advertising has found a potential place in various industrial applications, such as dynamic advertisement insertion, targeted marketing, and faster data-to-decision time. Cloud advertising has various applications such as campaign management, customer management, real-time engagement, analytics and insights, and experience management. The applications of cloud advertising solutions are expected to grow as enterprises are planning to leverage data and gain a competitive advantage and improve operational excellence. The campaign management application is expected to hold the largest market share in 2021, while the market for real-time engagement is projected to grow at the highest rate during the forecast period.
Top Companies
The cloud advertising market is dominated by companies such as Adobe (US), Oracle (US), Salesforce (US), Google (US), IBM (US), SAP (Germany), Acquia (US), Demandbase (US), Experian (US), Kubient (US), FICO (US), HubSpot (US), Imagine Communications (US), InMobi (India), Marin Software (US), Sitecore (US), MediaMath (US), Nielsen (US), PEGA (US), and Sailthru (US). These vendors have a large customer base and strong geographic footprint along with organized distribution channels, which helps them to increase revenues.
Cloud Advertising Market Size, Projections of Share, Trends, and Growth Forecast to 2026
Cloud-based advertising services that assist at various stages of an advertisement, from selecting an advertisement to determining the price when the advertisement is about to reach the end user, can be referred to as cloud advertising. Cloud advertising facilitates cloud-based advertising for different regions during different stages of online advertising. It provides different tools and services pertaining to different segments, such as business-to-business and business-to-consumer. The cloud advertising market offers integrated solutions and services for digital advertising. The increasing awareness and adoption of the cloud and the rapid increase in the number of internet users fuel the demand for cloud advertising.
The global Cloud Advertising Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period, to reach USD 6.7 billion by 2026 from USD 2.7 billion in 2021, according to a new report by MarketsandMarkets™.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=44850801
The cloud advertising market is booming, and cloud advertising solutions are being adopted by various end users for numerous applications. These solutions are witnessing massive adoption trends among large enterprises and SMEs. The cloud advertising market has been segmented, by organization size, into large enterprises and SMEs. The organization size section has been segmented based on the total number of employees in an organization. Both large enterprises and SMEs are adopting cloud-based data warehouse solutions across the world, owing to the growth of big data across all industries.
The cloud advertising market is highly competitive due to the presence of many market players, including a majority of top-tier and mid-tier companies. The rising need for managing the customer journey and autonomously optimizing marketing campaigns has played a major role in the adoption of cloud advertising and services across verticals, such as retail and e-commerce, IT and telecom, travel and hospitality, education, and BFSI. Moreover, the increasing adoption of cloud advertising by SMEs has led to a growth in demand for content management, customer data management, and analytics. The cloud advertising market has been segmented into platforms and services. The services segment has been sub-segmented into professional services and managed services. The professional services segment has been further sub-segmented into consulting, system integration and deployment, and support and maintenance.
In recent years, cloud advertising has found a potential place in various industrial applications, such as dynamic advertisement insertion, targeted marketing, and faster data-to-decision time. Cloud advertising has various applications such as campaign management, customer management, real-time engagement, analytics and insights, and experience management. The applications of cloud advertising solutions are expected to grow as enterprises are planning to leverage data and gain a competitive advantage and improve operational excellence. The campaign management application is expected to hold the largest market share in 2021, while the market for real-time engagement is projected to grow at the highest rate during the forecast period.
Top Companies
The cloud advertising market is dominated by companies such as Adobe (US), Oracle (US), Salesforce (US), Google (US), IBM (US), SAP (Germany), Acquia (US), Demandbase (US), Experian (US), Kubient (US), FICO (US), HubSpot (US), Imagine Communications (US), InMobi (India), Marin Software (US), Sitecore (US), MediaMath (US), Nielsen (US), PEGA (US), and Sailthru (US). These vendors have a large customer base and strong geographic footprint along with organized distribution channels, which helps them to increase revenues.
