The North America lead generation solution market is expected to grow from US$ 1,224.68 million in 2021 to US$ 3,618.21 million by 2028; it is estimated to grow at a CAGR of 16.7% from 2021 to 2028.
The US, Canada, and Mexico are economies in North America. Growing scope of education sector is expected to escalate the market growth. The education sector is growing rapidly all over the region. Education institutes offering primary education, higher education, graduation courses, post-graduation courses, etc., need suitable and capable candidates that can prosper the name of their institutes. A lead generation software helps in sourcing, tracking, verifying, and prioritizing the potential leads for various schools and colleges. The process of lead generation is based on parameters such as grades, scholarships, awards, and extracurricular performance. Lead generation software companies acquire these data through their primary and secondary research, and the potential leads are approached accordingly. The lead generation services and software are proving as a boon for many new and upcoming coaching classes, schools, and colleges. Lead generation solutions are increasingly being used by online coding institutes, which are increasing in number. High popularity and awareness about distance learning is another factor that boosts the demand for lead generation solutions. Employees working 5 days a week are approached by respective institutes for certification programs whose training and teaching sessions are conducted on weekends. Lead generation services help such institutes in approaching candidates whose conversion probability is considerably high. Advanced lead generation software can also suggest suitable course for such candidates on the basis of their qualification and preferences. Potential leads are approached via cold calling, messaging, e-mails, and other respective media. This advanced method of lead generation is feasible and timesaving and delivers desired results, thereby driving the North America lead generation solution market.
In case of COVID-19, North America is highly affected especially the US. The economic growth was slowed, which directly impacted various trading activities across the region. By the end of 2020, the US witnessed 140,000 job losses, and unemployment rate stood at 6.7%, clearly indicating that the economy was faltering. One of the biggest impacts of COVID-19 on the B2B industry was the cancellations of in-person meetings and trade shows. eMarketer highlights, a survey from Demand Gen Report in 2020, stated that almost 53% of US B2B marketers see trade shows and in-person meetings as an effective approach to drive the conversion of leads. Since number of trade shows and personal meetings decreased, this has had significant impacts on lead generation as well as sales. On the other hand, limited workforce strength, owing to the imposition of strict containment measures, led to rise of online meetings through platforms such as Zoom, Google Meet, and Cisco. Thus, lead generation software and services helped these online platforms to generate leads for many big and small companies. Decreased demand in sectors such as real estate, travel, and automotive hampered the market growth of lead generation software and services in North America. However, post-pandemic, the lead generation solution market is anticipated to see a promising growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America lead generation solution market. The North America lead generation solution market is expected to grow at a good CAGR during the forecast period.
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North America Lead Generation Solution Market Segmentation
North America Lead Generation Solution Market –By Offering
- Software
- Services
North America Lead Generation Solution Market – By Enterprise Size
- SMEs
- Large Enterprises
North America Lead Generation Solution Market, by Country
- US
- Canada
- Mexico
North America Lead Generation Solution Market -Companies Mentioned
- agilecrm.com
- Belkins Inc.
- Bitrix, Inc.
- callboxinc.com
- Cience Technologies
- Cloudtask
- DemandWorks Media
- HubSpot, Inc.
- Leadfeeder
- Martal Group
- PureB2B
- TechTarget
- WebiMax.com
North America Lead Generation Solution Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,224.68 Million |
| Market Size by 2028 | US$ 3,618.21 Million |
| CAGR (2021 - 2028) | 16.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
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