Account Based Market Size Worth $3.9 Billion By 2030: IndustryARC

Account Based Market size is predicted to reach $3.9 billion by 2030, growing at a CAGR of 14.9% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Enhanced customer segmentation allows for highly personalized marketing strategies, Increased ROI through targeted campaigns that focus on high-value accounts, and Advanced analytics and data-driven insights facilitate better decision-making and strategy refinement are driving the growth of the Account Based industry, finds IndustryARC in its recent report, titled “Account Based Market– By Account Type (Strategic ABM, ABM Lite and Programmatic ABM), By Component (Tools and Services [Managed Services, Professional Services, Consulting Services and Support and Maintenance Services), By Deployment Model (On-Premises and Cloud), By Organization Size (Large Enterprises, Small and Medium-Sized Enterprises), By Industry Vertical (Retail & Ecommerce, Government & Public Sector, Healthcare & Life Sciences, Automotive & Manufacturing and Others) By Geography – North America, South America, Europe, APAC, RoW Opportunity Analysis & Industry Forecast, 2024-2030”

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North America is leading the Market

North America region held a major market share of 39% in 2023. The North America region in the Account Based Market is driven by several key factors. Companies in this region leverage advanced data analytics to gain deep insights into target accounts, enabling more precise and effective marketing strategies. The increasing integration of AI and machine learning enhances the personalization of campaigns, fostering stronger customer engagement. Additionally, the emphasis on aligning sales and marketing efforts ensures a cohesive approach, maximizing resource efficiency. For instance, in January 2024, BNY Mellon launched Virtual Account Based Solutions to offer clients enhanced control over cash management, facilitating real-time transaction tracking and flexibility in account structures without the need for multiple physical accounts. The region’s robust technological infrastructure supports seamless implementation of account-based strategies, while a growing focus on customer experience drives continuous innovation in personalized marketing solutions. These drivers collectively contribute to the North American market’s leadership and growth in account-based marketing practices.

Account Based Market 2024-2030: Scope of the Report

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Account Based Market Report – Key Takeaways:

Programmatic ABM Segment to Register Highest Growth

By account type, the Programmatic ABM segment is analyzed to grow with the highest CAGR of 16.5% during the forecast period 2024-2030. Programmatic Account Based Marketing (ABM) is driven by its ability to automate and scale personalized interactions with high-value accounts. By leveraging data analytics and machine learning, businesses can identify and prioritize prospects based on their behavior and intent signals. This approach enhances targeting precision, ensuring that marketing efforts resonate effectively with decision-makers within key accounts. Furthermore, programmatic ABM streamlines the process of delivering relevant content and messages across multiple channels, thereby increasing engagement and nurturing long-term relationships. The integration of advanced technology not only optimizes resource allocation but also enhances overall marketing efficiency, making programmatic ABM a strategic driver in maximizing ROI and fostering sustainable growth in the Account Based Market.

Healthcare & Life Sciences Segment to Register Highest Growth

Healthcare & Life Sciences segment is analyzed to grow with the highest CAGR of 17.9% during the forecast period 2024-2030. In the healthcare and life sciences sector, the Account Based Market is driven by a heightened focus on personalized patient care and outcomes. In June 2022, Doceree introduced Doceree ABM, a specialized account-based marketing solution for life sciences. It enables targeting of institutional decision makers based on accounts and intent, optimizing engagement and performance analytics for enhanced digital marketing effectiveness in North America and global markets. Organizations are increasingly adopting account-based strategies to deepen relationships with healthcare providers and life sciences companies, aiming to deliver tailored solutions that address specific clinical needs. Enhanced collaboration between sales and marketing teams enables better targeting of key stakeholders, fostering stronger partnerships and improving overall service delivery. Moreover, regulatory changes and evolving healthcare policies are prompting firms to prioritize compliance and patient-centric approaches in their account-based initiatives. These drivers underscore a strategic shift towards value-based healthcare models, where precision and efficacy in addressing customer needs are paramount.

Complex Implementation Processes is a Major Challenge

One significant challenge in the Account Based Market (ABM) involves the complexity of implementing ABM strategies across organizations. ABM requires alignment between sales and marketing teams, integration of data analytics tools, and the development of personalized content—all of which can be resource-intensive and time-consuming. Coordinating these efforts across different departments and ensuring consistent execution can pose logistical hurdles, particularly in large enterprises with diverse product lines and customer segments.

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Key Opportunity Analysis:

Enhanced Personalization and Customer Engagement

Account-based marketing (ABM) presents a significant opportunity for businesses to enhance their personalization efforts. By focusing on specific high-value accounts, companies can tailor their marketing messages and strategies to address the unique needs and pain points of each target customer. This level of personalization not only improves engagement but also strengthens relationships with key decision-makers within those accounts. Leveraging advanced data analytics and AI-driven insights allows marketers to craft highly relevant content and offers that resonate with their audience, ultimately driving higher conversion rates and ROI.

Alignment of Sales and Marketing Teams

ABM provides a compelling opportunity to align sales and marketing efforts more closely. Traditionally, these departments operate independently, often leading to miscommunication and inefficiencies. By adopting an account-based approach, organizations can foster better collaboration between sales and marketing teams. This alignment ensures that both departments are working towards common goals and targeting the same set of accounts with cohesive messaging and strategies. Shared metrics and KPIs further reinforce this alignment, encouraging a unified approach to customer acquisition and retention. Ultimately, this synergy improves overall efficiency and effectiveness in converting leads into customers.

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The Report also Covers the Following Areas:

• Account Based Market Size and Forecast
• Account Based Market Trends
• Account Based Market Analysis by Product Type

Account Based Market2024-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Account Based Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Account Based Market

Covid and Ukrainian Crisis Impact:

The Covid-19 pandemic significantly reshaped the Account Based Market by accelerating digital transformation across industries. With restrictions on in-person meetings and events, businesses increasingly relied on account-based marketing (ABM) strategies to maintain customer connections and drive sales remotely. Companies pivoted towards digital platforms for personalized engagement, leveraging data analytics and AI to enhance targeting and messaging. The pandemic also underscored the importance of agility and resilience in ABM campaigns, prompting firms to adapt quickly to changing market dynamics and customer behaviors. Despite initial challenges, Covid-19 spurred innovation in ABM, fostering long-term shifts towards more efficient and adaptive marketing strategies.

The Ukrainian Crisis has introduced economic uncertainty and supply chain disruptions impacting the Account Based Market. Industries reliant on Eastern European markets for resources or manufacturing face challenges such as increased costs and delays. This has necessitated strategic adjustments in supply chain management and supplier relationships to mitigate risks and maintain operational continuity. Companies operating in affected regions have heightened their focus on diversifying supply chains and enhancing resilience to geopolitical risks. Overall, the crisis underscores the importance of robust contingency planning and adaptable business strategies in navigating global disruptions.

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List of Key Market Players in Account Based Market:

The Account Based Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• 6sense
• Act-On Software
• Albacross
• Celsius Gkk International
• Demandbase
• Salesforce
• Hubspot
• DemandBase
• Integrate
• Iterable

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