Spotlight

Report:

Magic Quadrant for Account-Based Marketing Platforms

How does Gartner define the Account-Based Marketing Platforms market in 2024?

Gartner defines account-based marketing (ABM) platforms as software that enables B2B marketing and sales teams to run ABM programs at scale, including account discovery and selection, planning, engagement, and reporting. Platforms enable the creation of target account lists by unifying first- and third-party data. In addition, platforms may engage audiences by activating channels such as display advertising, social advertising, email and sales engagement using a mix of native capabilities and integrations. ABM platforms help B2B marketers and sellers to create a set of target accounts and engage buying team members with relevant outreach and content to help buyers explore and evaluate their solutions.

Key Facts for Magic Quadrant for Account-Based Marketing Platforms in 2024

Strategic Planning Assumptions

No strategic planning assumptions provided.

How was the Account-Based Marketing Platforms market evolved in 2024?

What product features are required to be included in this year's evaluation?

What are the common features of top products in the Account-Based Marketing Platforms space?

Scope Exclusions

Inclusion Criteria

Vendors must, among other requirements:

Ability to Execute — Relative Weighting

Completeness of Vision — Relative Weighting

FAQs

Q: What does this research cover?

A: This research evaluates eight vendors offering stand-alone account-based marketing (ABM) platforms that enable B2B marketing and sales teams to run ABM programs at scale. It covers platforms that provide capabilities including account discovery and selection, planning, engagement across multiple channels (display advertising, social, email, personalized webpages, sales engagement), and reporting. The research focuses exclusively on purpose-built, stand-alone ABM solutions and does not include vendors that offer ABM capabilities as part of B2B marketing automation or CRM lead management platforms. It analyzes vendors based on their Ability to Execute and Completeness of Vision across criteria including product capabilities, viability, sales execution, customer experience, market understanding, strategy, and innovation.

Q: Who should use this research?

A: This research should be used by B2B marketers responsible for leading ABM initiatives, particularly demand generation leaders who need to evaluate ABM platforms. It helps marketers: (1) understand the evaluation criteria for determining vendors' Ability to Execute and Completeness of Vision, (2) assess vendors' specific strengths and cautions, (3) evaluate vendors across all four quadrants (Leaders, Challengers, Visionaries, Niche Players) based on alignment with their requirements and goals, (4) build business cases and requests for proposals considering integration complexity with existing martech systems, and (5) develop comprehensive plans for upskilling end users and maximizing time to value. The research should be used in conjunction with the companion Critical Capabilities for Account-Based Marketing Platforms research and other ABM best practices publications.

Q: What are the mandatory features of vendors included in this market?

A: Vendors must provide: (1) Discovery, creation and management of target account lists and audiences by unifying first- and third-party data; (2) Account-level intent data with at least one native intent data source included with the platform license; (3) Native user experience for orchestrating and managing display advertising campaigns; (4) Journey orchestration and campaign activation across multiple channels to drive engagement and progression in the buyer's journey; and (5) Account measurement and analytics to quantify performance across channels, campaigns and programs.

Q: What are some reasons for not being included in this report?

A:

  • ABM capabilities are offered only as add-on modules or features rather than as a stand-alone platform
  • Platform requires prerequisite licensing of a CRM lead management or B2B marketing automation platform
  • Vendor did not meet minimum revenue thresholds for 2023
  • Vendor has fewer than 100 customers using the platform for ABM use cases
  • Vendor has insufficient new customer acquisitions in the past 12 months and does not rank in top 15 for Customer Interest Indicator
  • Platform was not offered through general availability as of the evaluation date
  • Vendor does not meet mandatory functionality requirements for ABM platforms

Q: What differentiates Ability to Execute vs. Completeness of Vision?

A: Ability to Execute focuses on a vendor's current operational capabilities, including product quality, financial health, sales effectiveness, market responsiveness, marketing execution, customer support, and operational efficiency. It evaluates how well vendors can deliver on their promises today. Completeness of Vision assesses a vendor's strategic direction and future-oriented thinking, including market understanding, marketing and sales strategy, product roadmap, business model soundness, vertical/industry focus, innovation investments, and geographic expansion plans. It evaluates how well vendors understand market trends and position themselves for future success.

Reference

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