PR85155

PUNE, India, August 19, 2020/PRNewswire=KYODO JBN/

- The global advertising agency software market was valued at US$ 365.66 Mn in

2018 and is anticipated to witness a compound annual growth rate of 12.5% over

the forecast period.

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    Software developers are enhancing the user interface and usability of

software solutions offered to advertising agencies. The multi-user interface,

intuitive navigation and other such features enables different departments to

work collaboratively on a single-platform and eliminates the cost occurred in

purchasing and maintaining different solutions. These enhanced characteristics

of new software solutions provided by MobileMonkey Inc., The Advantage Software

Company and many others are attracting more advertisement agencies, thus

fuelling the growth of advertising agency software market [

https://www.absolutemarketsinsights.com/reports/AIOps-Platform-Market-2019-2027-641]

    - Amidst the COVID-19 pandemic outbreak, viewership of TV has climbed up

along with online presence of people, thus escalating demand for software tools

among advertising agencies for media planning and management.

    - Cloud based solutions are gaining high momentum in global advertising

agency software market owing to faster deployment, higher security and lower

costs, which is also attracting small and medium sized agencies.

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    - Demand for managing internal as well as external activities of

advertising agencies, to ensure timely delivery to customers is driving the

share of project management software.

    - North America held the highest market share in global advertising agency

software market in 2018. Asia Pacific is expected to register highest growth

rate over the forecast period owing to the flourishing online businesses, which

is influencing the demand for advertising agency software for effective

branding of these businesses over digital channels.

    - Some of the players operating in the advertising agency software market

are Accelo Inc., AdHaw, ADMATION, Adobe, AdScale, Celtra Inc., CurrentTrack,

Forecast, FunnelDash, Hive Technology, Inc., Lineup Systems, Oracle, Outbrain

Inc., Scoro Software, Screendragon, The Workamajig and Wrike, Inc. amongst

others.

    - The detailed research study provides qualitative and quantitative

analysis of advertising agency software market.The geographical analysis done

emphasizes on each of the major countries across North America, Europe, Asia

Pacific, Middle East & Africa and Latin America.

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    Source: Absolute Market Insights