Marketing automation systems for very small and very large businesses have shown the greatest innovation in the past year, according to research released by Raab Associates.
The January 2015 B2B Marketing Automation Vendor Selection Tool (VEST) added five vendors: dbSignals, Greenrope, Hatchbuck, Inbox25, LeadLiaison. These new providers are focused on serving very small companies, which form the industry’s largest pool of potential new users, according to VEST author David M. Raab. In addition, vendors serving enterprise marketers have been the most aggressive towards extending their systems beyond traditional marketing automation to include display advertising and other new channels.
“Just when you think all marketing automation products are starting to look too much alike, a new crop of vendors comes along to shake up the market,” said Raab. “Each new entrant takes a slightly different approach, giving buyers more opportunity than ever to find a system that meets their particular needs.”
The VEST Report helps that selection process by presenting more than 200 data points on each system. Marketers gain immediate access to apples-to-apples comparisons that would take weeks or months to assemble on their own.
Other information based on VEST results includes:
- Industry revenues grew 50% to reach the $1.2 billion in 2014 and are expected to grow another 50% in 2015 to $1.8 billion.
- Small business systems are most likely to combine CRM with marketing automation, saving resource-strapped small companies the effort of integrating separate systems.
- Marketing agencies play an increasingly important role in spreading use of marketing automation, supplying skills that are missing from many in-house marketing teams. Agencies are most important for small and mid-size companies, since large enterprises have deeper internal resources.
- Enterprise marketers are being offered a broader array of features, including marketing asset management, web site integration, predictive modeling, access to external data, and coordination of email with mobile apps, social media, and Web display ads. This expansion is being driven by vendors who serve consumer as well as business marketers.
