Categories: Market Research

Pay-Per-Click (PPC) Software Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Pay-Per-Click (PPC) Software Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Pay-Per-Click (PPC) Software Global Market Report 2024, The pay-per-click (ppc) software market size has grown rapidly in recent years. It will grow from $18.9 billion in 2023 to $20.96 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to market expansion, historical events, platform evolution, economic cycles, consumer adoption.

The pay-per-click (ppc) software market size is expected to see rapid growth in the next few years. It will grow to $32.22 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to user behavior and preferences, competitive landscape, economic conditions, customer relationship management (crm) integration, mobile and cross-device compatibility. Major trends in the forecast period include ai-powered personalization, analytics and reporting, emerging ad formats and channels, shifts in consumer behavior, competition and ad costs.

Increasing adoption of social media platforms is expected to propel the growth of the pay-per-click (PPC) software market going forward. Social media platforms are digital applications or websites that enable users to create, share, and exchange content in the form of text, images, videos, and audio with other users. PPC software enables businesses to target their advertising to specific demographics, interests, and behaviors of social media users, thereby improving the effectiveness and ROI of their campaigns to meet their marketing objectives. For Instance, in September 2021, Backlinko, a US-based marketing blog, the number of people using social media worldwide is nearly 4.48 billion and regardless of age or internet connection, 56.8% of the world’s 7.87 billion individuals use social networks. Therefore, the increasing adoption of social media platforms is driving the growth of the pay-per-click (PPC) software market.

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The pay-per-click (ppc) software market covered in this report is segmented –

1) By Type: Search Advertising, Social Media Advertising, Remarketing, Display Advertising, Online Shopping, Other Types

2) By Deployment: Cloud, On-Premises

3) By Enterprises Size: Small And Medium Enterprises (SMES), Large Enterprises

4) By End-User: Banking, Financial Services, And Insurance (BFSI), Retail And Ecommerce, Automotive, Healthcare, Media And Entertainment, IT And Telecom, Others End-Users

Technological innovations are a key trend gaining popularity in the pay-per-click (PPC) software market. Companies operating in the pay-per-click (PPC) software market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Madbot AI, a Netherland-based software development company launched a revolutionary PPC ad optimization software specifically designed for Bol.com sellers, the largest e-commerce platform in the Netherlands and Belgium. This software aims to help sellers maximize their profits and achieve their advertising goals by automating and optimizing their PPC advertisements.

The pay-per-click (ppc) software market report table of contents includes: