The North America Mobile Marketing Market would witness market growth of 22.5% CAGR during the forecast period (2024-2031).
The US market dominated the North America Mobile Marketing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23,039.6 million by 2031. The Canada market is experiencing a CAGR of 25.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 24.1% during (2024 - 2031).
This marketing, which refers to marketing strategies that target mobile device users, has emerged as one of the most effective ways for businesses to reach consumers. With the rise of smartphones, tablets, and other mobile devices, this marketing has revolutionized how companies interact with their target audience. As mobile devices become increasingly integrated into daily life, this marketing enables businesses to connect with consumers more personalized and immediately, offering them opportunities to enhance customer engagement, improve brand visibility, and drive sales.
This type of marketing employs various channels to engage consumers. It encompasses several techniques and tools businesses can use to reach their audience via mobile devices. Short Message Service (SMS) marketing involves sending text messages to consumers and offering promotions, discounts, or reminders. It is one of the oldest forms of this marketing and remains highly effective due to its directness and immediacy. SMS marketing benefits businesses seeking to reach consumers with time-sensitive offers or important updates.
In Mexico, the telecommunications sector has outpaced overall economic growth, with over 130 million active wireless lines in 2022 and projections for more than 138 million by the end of 2023. This mobile telecommunications expansion directly impacts this marketing, as businesses can now reach a larger mobile audience with more advanced digital marketing tools. With over 113 million people having internet access through mobile devices, the opportunity for mobile marketers to target consumers with location-based ads, personalized content, and real-time promotions has grown significantly. In Canada, the booming e-commerce sector plays a significant role in driving this marketing growth. With e-commerce retail trade sales reaching an all-time high of US$3.82 billion in December 2020 and projections showing a rise to 77.6% of retail sales by 2025, businesses are increasingly adopting these marketing strategies to cater to the growing number of online shoppers. As more Canadians shop through their smartphones, mobile marketing has become essential for reaching consumers in real-time with tailored ads, promotions, and product recommendations. Thus, the rising telecommunications infrastructure in Mexico and the robust e-commerce growth in Canada propel the demand for these marketing solutions in these countries.
Free Valuable Insights: The Mobile Marketing Market is Predict to reach USD 92.32 Billion by 2031, at a CAGR of 23.1%
Based on Component, the market is segmented into Platform, and Services. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Application, the market is segmented into Mobile Web, SMS, Push Notifications, Location-Based Marketing, In-App Messages, QR Codes, and Other Application. Based on End Use, the market is segmented into Retail, Media & Entertainment, IT & Telecom, Automotive, BFSI, Travel, Healthcare, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Component
By Enterprise Size
By Application
By End Use
By Country
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