Good morning, Marketer, and here’s another reason the marketing tech space looks like it does.
Tony Byrne of Real Story Group talks about the continued fragmentation of the marketing technology space, where new vendors appear at such a rate as to outstrip any trend towards consolidation. He gives six good reasons for this.
Which prompts me to weigh in with another reason. There are so many new vendors, often offering not much more than a specific niche solution (possibly a great one) because of the logistics of launching any kind of tech start-up in today’s cloud-based digital economy.
Unlike the old on-prem days, you don’t need warehouses, you don’t need a distribution network, you only have to get people to subscribe to software, not invest in hardware. And forget about tech: Compare a cloud-based business with any other kind of earthbound business. Starting up is streamlined as never before. Of course the space keeps growing.
Kim Davis
Editorial Director
