What is the market value of digital marketing?

The global digital marketing market was valued at around $290–310 billion in 2019 with future estimates looking much stronger owing to continual attraction on digital channels. The digital marketing industry report forecasted the industry to grow at a CAGR of 12.8\%, reaching around $330–340 billion in 2020.

Why is digital marketing important statistics?

I’ve compiled a list of crucial digital marketing statistics to help you make better decisions and win the competition. The digital marketing industry is dynamic and ever-changing. This is why you must keep up with new advancements in the sector.

What are the most important factors for successful digital marketing?

So if you want to improve your company’s digital marketing there are six key factors to consider:

• 1)Your Website.
• 3) Video Marketing.
• 4) SEO.
• 5) Google Adwords.
• 6) Social Media.

What’s trending in digital marketing?

Video Marketing Video Marketing is also one of the top digital marketing trends in 2021 and is likely to be at the top for more years to come. 52\% of consumers say that watching product videos makes them more confident in online purchase decisions. Video content is 50 times more likely to drive users than plain text.

What are market statistics?

Statistics are applied in marketing to identify market trends, and to measure and evaluate the potential and success of marketing programs. The secret to successful marketing is to identify the target market accurately and to use effective marketing communications channels and tactics to reach it.

How many factors are there in digital marketing?

8 Factors That Drive Digital Marketing Success.

What is the value of the digital marketing market?

The global digital marketing market reached a value of nearly USD 305 billion in 2020. The market is further expected to grow at a CAGR of 17.6\% between 2021 and 2026 to reach a value of around USD 807 billion by 2026.

How many employees does a digital marketing agency need?

Outside of the large agency networks like WPP, Publicis Group, Dentsu Inc, Interpublic, and Omnicom Group, the digital marketing industry is highly fragmented. Over 73\% of agencies are firms of less than 10 employees. About 21\% have between 11 and 50 employees. Combining these shows that 94\% of digital agencies have fewer than 50 employees.

What will the digital marketing landscape look like in 2021?

The digital marketing landscape is more competitive than ever in 2021, as ad spend continues to rise. To cut through the noise, digital marketers need to personalize consumer experiences.

What are the key players in the global digital marketing market?

The report gives a detailed analysis of the following key players in the global digital marketing market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds: