Global martech spend will surpass $215bn by 2027

Industry analyst firm Forrester has published a Global Martech Software Forecast, 2023-2027, which gives a five-year forecast of growth for global martech spending.

Forresters's forecast examines six categories of marketing technology software: experience delivery, marketing automation, marketing resource management, marketing performance management, customer analytics and customer data management software.

In the report, Forrester predicts that global spending on...

6 February 2024 | Automation

Ad Signal partners with Perifery to reduce storage costs and carbon impact

Ad Signal, a specialist provider of video content management solutions, has partnered with Perifery to provide media organisations with seamless deduplication workflows.

The integration optimises the storage and management of digital assets and contributes to cost savings and carbon reduction for many businesses.

Ad Signal’s Match software, which rapidly identifies duplicate copies of video, image and audio files to leave only unique versions, can now integrate with...

1 February 2024 | Advertising

Two thirds of SMEs have no marketing plan

After a long period of economic stagnation, a study of almost 2,000 decision-makers has found that 67% of businesses have no marketing action plan, and more than half don’t even have a business plan. 

The Marketing Maturity Report, by The Marketing Centre, asked people from hundreds of small and medium-sized businesses across the UK to mark themselves against 60 statements, to understand what companies are doing to grow their business.  

The majority of...

31 January 2024 | CMO

Bot clicks and fake traffic set to cost advertisers over $71bn in 2024

With ad spend growth slowing to 5.3%, new research reveals an emerging threat to dwindling budgets - invalid traffic (IVT).

In 2024, advertisers are set to waste over $71bn (£59bn)* on traffic generated by invalid activity, including bots and automated scripts -  an increase of 33% from 2022.

Conducted by leading marketing efficiency platform Lunio, the research analysed 2.6bn paid ad clicks and 104bn impressions from 60,000 ad accounts across the platform’s...

29 January 2024 | Advertising

Storyblok partnership to transform international marketing with AI-driven localisation

As new research reveals a significant amount of businesses are missing out on global opportunities by failing to go multilingual, enterprise CMS leader Storyblok has partnered with Lokalise, a AI-powered translation tool to enable brands to localise content faster and easier than ever before. 

Lokalise is a continuous localisation and translation management platform that leverages AI and algorithms to perform automated translation of text or speech from one language to another....

24 January 2024 | Automation

Brands spent $930bn on social media advertising since 2017

Social media apps on a smartphone.

As the second-largest market in the digital advertising space, the social media ad industry has grown tremendously over the years.

With an estimated 4.9 billion social media users across the world and over 90% of marketers using social media to promote brands and reach customers, it`s no wonder this type of advertising has become one of the biggest revenue streams in the digital advertising industry. Last year alone, brands and companies spent $207bn on social media ads. However,...

23 January 2024 | Advertising

Dior dominates the Emmys red carpet conversation

Dior was the most globally talked about luxury brand by influential sources on social media from the Emmys red carpet in the three days following the event.

According to influencer analytics platform WeArisma, 99 celebrities, influencers and press shared 138 pieces of content with a total media value of $5,573,007.

With a star-studded lineup wearing pieces from the fashion house – including Quinta Brunson who made history as the first black person to collect a Best...

22 January 2024 | Branding

More than half of content produced is never activated

Advertisers’ lack of visibility into their creative production lifecycle sets the industry up to waste billions in 2024 on content that never gets used.

This is according to a study by creative agency CreativeX, which estimated that the average F500 company could be wasting at least $25 million a year on unused creative assets. Across the entire industry, that translates to $100 billion on assets that are never activated.

Advertisers are looking to genAI to create...

16 January 2024 | Advertising

Ad spend on short-form videos to grow by CAGR of $145bn+ by 2028

A close up of a dollar bill.

The rise of short-form videos, first popularised by TikTok and then copied in the form of YouTube Shorts and Instagram Reels, has been a game-changer in the social media landscape.

These no more than 60-second long videos are not only entertaining and highly addictive content but also a fantastic way to reach younger audiences. That is why marketers continue pouring money into this type of advertising.

According to data presented by OnlyAccounts.io, global ad spending...

15 January 2024 | Advertising

Acxiom partners with MetaRouter to help brands overcome cookie deprecation

Acxiom, the customer intelligence company, has teamed up with MetaRouter, a specialist in customer data infrastructure. The partnership will see Acxiom implement MetaRouter solutions that will enable customers to better define their first-party data strategies in a world facing cookie deprecation.

Combining MetaRouter's data delivery strengths with Acxiom's integration expertise, the two companies help brands refine first-party data strategies and develop effective customised...

11 January 2024 | Big Data