Digital Marketing Spend $120B By 2021
Digital Marketing is all grown up. Look the projected spend by 2021
“Forrester has been sizing spend on online and digital media for nearly 20 years. Our latest forecast points out that marketers will invest in quality over quantity over the next five years. So what does this mean for digital marketing budgets? Here are four key takeaways:
US digital marketing spend will near $120 billion by 2021. Investment in paid search, display advertising, social media advertising, online video advertising and email marketing will pace to 46% of all advertising in five years.
Working budgets will give ground to non-working ones. Overall, digital marketing is pacing at a healthy 11% compound annual growth rate between now and 2021. But this is not the experimental “spend on anything to see what works” investment that we saw between 2008-2012. Marketers are more mature now with capable measurement practices. This means they will spend judiciously on just what works for their goals. And many are dialing back pure digital advertising investment, prioritizing instead non-working investments in data, technology and customer experience.”
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