Affiliate Software Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON , UK, July 18, 2024 /EINPresswire.com/ -- The global affiliate software market has experienced substantial growth, with the market size expanding from $24.14 billion in 2023 to $26.41 billion in 2024, marking a compound annual growth rate (CAGR) of 9.4%. It will grow to $38.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. This growth can be attributed to the rise of e-commerce and online shopping, increased competition among online retailers, growth of content sites, blogs, and influencers, as well as advancements in tracking and attribution technology, and the surge in mobile commerce.
Rising E-commerce Activities Propel Market Growth The increase in e-commerce activities is a primary driver fueling the affiliate software market's expansion. E-commerce facilitates quick transactions, scalability, digital product catalogs, mobile commerce, and operational flexibility. According to the International Trade Administration, e-commerce sales in Canada were approximately $2.34 billion in March 2022 and are projected to reach $40.3 billion by 2050, underscoring the pivotal role of e-commerce in market growth.
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Affiliate Software Market Key Players and InnovationsMajor companies such as Awin Ltd., Impact Tech Inc., CJ Affiliate, and Rakuten Advertising are leading the market with innovative solutions. For example, Affise introduced server parallel tracking solutions in May 2023 to optimize affiliate marketing campaigns, enhancing speed and efficiency in reaching offer pages.
Emerging Trends and TechnologiesInnovations in affiliate software include the development of new technologies and platforms, increased investments in the advertising industry, and the integration of data analytics and AI. These trends are driving performance-based marketing strategies, offering enhanced insights and targeting capabilities.
Affiliate Software Market SegmentationThe affiliate software market is segmented based on:• Type: On-Premise, Cloud-Based• Application: Small And Medium Enterprises, Large Enterprises• End-User: Retailers, Publishers, Advertisers
Regional Insights: Asia-Pacific Leads GrowthNorth America dominated the affiliate software market in 2023, while Asia-Pacific is poised to emerge as the fastest-growing region during the forecast period. Detailed regional dynamics and growth opportunities are outlined in the comprehensive report.
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Affiliate Software Global Market Report 2024 from TBRC covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Affiliate Software Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on affiliate software market size, affiliate software market drivers and trends, affiliate software market major players, competitors' revenues, market positioning, and market growth across geographies. The affiliate software market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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July 18, 2024, 08:46 GMT
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