TechNavio recognizes the following companies as the key players in the Global Public Relations Tools Market: Business Wire Inc., Cision Inc., Meltwater Inc., and UBM-PR Newswire.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of SaaS-based PR solutions has enabled organizations to increase their efficiency and reduce the cost of deploying valuable IT infrastructures. However, organizations are still analyzing the feasibility and relevance of cloud computing solutions in their IT operations. The SaaS-based model for PR offers a pay-per-use model, along with a one-time setup fee for the software, maintenance, upgradation, and lifetime support. Hence, the Global PR Tools market is witnessing a trend where many vendors in the market have begun to offer their solutions through the SaaS-based model to expand their services and enter new markets. In addition, PR tools are becoming increasingly popular, as they enable businesses to securely store, access, and maintain digital records, images, text, and data. This is leading to an increase in the adoption of SaaS-based solutions during the forecast period.”
According to the report, one of the major drivers in the market is the increased focus on digital media marketing and communication. In recent years, organizations have been increasingly focusing on the digital media due to the increasing adoption of mobile devices, the growing number of broadband connections, and the increasing time spent by users on the internet. Hence, companies are adopting PR tools to plan marketing and PR campaigns, connect with the right target audience, monitor media coverage, and analyze marketing and promotional results.
Further, the report states that the lack of a proper communications strategy constitutes one of the major challenges in this market. Enterprises are not targeting customers with a proper communications strategy. This leads to an absence of strategic coordination between business and marketing goals and further reduces the adoption of PR tools.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-public-relations-tools-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global Public Relations Tools Market 2012-2016
