The 2022 global annual marketing report was released recently. This report surveys marketers across various industries in media globally to understand the behaviors with data. Here are the key pain point take aways from the report.
Expected budget changes:
High increase of social media to 53% of budget
50% increase of display online/mobile budget
49% increase of video on online/mobile
37% increase on OTT-TC/connected-TV
Top marketing objectives:
Brand awareness as most important
Customer acquisition falling in second
Customer retention third most important
Customer advocacy
Competitor conquest
Churn reduction last
Beliefs on what positively influences campaign performance:
Audience targeting comes in at the top
Ad creative second
Audience reach is third
Data quality
Personalization
Importance of diversity and CSR initiatives:
67% of DEI in marketing efforts
65% in content where ads are purchased
65% in vendor selection
68% in marketing effort as a company
68% environmental and social governance in marketing efforts
Brand awareness efforts, social media spend increases, DEI/CSR initiative importance and audience targeting are the ley take aways from the report. To read the full report click HERE.