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10 Charts That Will Change Your Perspective Of Marketing Technology – Forbes

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22% of marketing organizations are planning to increase their spending in 2020, according to a survey by BDO, WARC, and the University of Bristol.  Their results reflect the strong demand for marketing technology (martech) solutions globally. BDO found that marketing automation budgets increased 25% last year, and the martech industry in North America and the UK is $65.9B, with the global market estimated to be $121B.

Scott Brinker, leading authority on martech, VP Platform Ecosystem at HubSpot and Editor at chiefmartec.com, commented in the BDO survey that “the martech industry continues to paradoxically consolidate and diversify. While the total number of martech apps in the world continues to grow, leading marketing platforms — such as Adobe, HubSpot, Oracle, and Salesforce — are increasingly orienting around ecosystems of these apps. The platform provides coherence in marketing data and workflow, while the app ecosystem provides a long tail of specialized capabilities and vertical market solutions. Consolidated platforms with diversified ecosystems have the potential to give the market the best of both worlds and help marketers harness the tremendous energy of the SaaS app explosion.”  

The following ten charts provide insights into marketing technologies’ rapid growth and many contributions to businesses using them today:

  • The worldwide marketing automation technology market is predicted to grow from $15.6B in 2019 to $25.1B in 2023, attaining a 9.9% Compound Annual Growth Rate (CAGR) in five years, according to Forrester. The forecast also shows that by 2022, investment in database and analytics technologies will grow at 10.9% CAGR, while ad tech will grow at 9.6% CAGR and automation at 9.3%. The Forrester study also revealed that 55% of CMOs would increase spending on marketing technology over the next year, with 20% planning 10% or more spending increase. Source: Statista based on Forrester forecast.  
  • The majority of B2B marketers are going to focus more and invest in data analytics in 2020, making this the leading investment priority next year. 83% of all 83% of B2B marketers are going to focus more and invest in data analytics in 2020, with the pie chart below showing the distribution of responses to the BDO survey. Campaign measurement and analytics tools and CRM have the highest adoption levels and advanced expertise across all B2B marketers surveyed by BDO. Source: BDO, WARC, and the University of Bristol, Martech 2020 and beyond (PDF, 12 pp., opt-in required).
  • Marketers rely on multiple techniques to evaluate the effectiveness of their content marketing strategies, with web analytics dashboards being the most common. 82% of marketing teams primarily rely on analytics to determine how effective content marketing strategies are at lead generation. Combining social media content tools, e-mail focused marketing technology, content management, and CRM systems to nurture leads and qualify them is common across over 50% of marketing teams today. Source: Statista.
  • 80% of marketers are using or planning to use AI for creating and delivering personalized content, offers, and customer experiences. Top-performing companies are more than twice as likely to be using AI for marketing (28% vs. 12%), according to Adobe’s latest Digital Intelligence Briefing. Auto-generating content for personalization (79%), product and content recommendations (78%), and audience identification (76%) are predicted to be the top use cases for AI in marketing.
  • Personalizing customer journeys and driving next-best offers in real-time are the most popular uses of AI today, according to Salesforces’ State of the Marketing Study. 23% are automating customer interactions over social channels and messaging apps today. There are ten dominant use cases marketers are concentrating on today, ranging from personalized channel experiences to programmatic advertising and media buying to predictive customer journeys and real-time next best offers.  Source: Salesforce’s State of Marketing Study, 5th edition
  • 47% of marketers are currently using AI as an integral part of their audience, targeting strategies for online advertising, and 45% are for audience segmentation. 80% are now using or planning to use AI for audience segmentation. EConsultancy’s study found marketers are enthusiastic about AI’s potential to increase marketing effectiveness and track progress. 88% of marketers interviewed say AI will enable them to be more effective in getting to their goals. Source: Dream vs. Reality: The State of Consumer First and Omnichannel Marketing. EConsultancy (36 pp., PDF, free, no opt-in).
  • Mobile marketing analytics, ad verification, social analytics, and multichannel marketing hubs are proving their value in enterprises today and being integrating into marketing technology strategies. Gartner’s latest Hype Cycle for Digital Marketing and Advertising reflects how pervasively marketers are adopting analytics to improve personalization, multitouch attribution, and improving customer experiences. This year’s Hype Cycle features 28 technologies. Source: 6 Technologies on the Gartner Hype Cycle for Digital Marketing and Advertising, 2019.
  • Machine learning algorithms were able to optimize marketing campaigns by taking into account just four factors instead of the 13, with human adjustments adding 15% greater campaign performance. Boston Consulting Group (BCG) published a fascinating study that looked at how the combination of AI, machine learning and human intervention and judgment improves marketing campaign performance. Machine learning algorithms excel at iterative learning, while human input is needed to keep campaigns focused on the right audiences and messages in the context of customer journeys. Source: The Dividends of Digital Marketing Maturity, Boston Consulting Group, February 18, 2019.  

Additional resources:

15 examples of artificial intelligence in marketing, eConsultancy, February 28, 2019

4 Positive Effects of AI Use in Email Marketing, Statista, March 1, 2019

4 Ways Artificial Intelligence Can Improve Your Marketing (Plus 10 Provider Suggestions), Forbes, Kate Harrison, January 20, 2019

4 Ways to Use Machine Learning in Marketing Automation, Medium, March 30, 2017

84 percent of B2C marketing organizations are implementing or expanding AI in 2018. Infographic. Amplero.

AI, Machine Learning, and their Application for Growth, Adelyn Zhou. SlideShare/LinkedIn. Feb. 8, 2018.

AI: The Next Generation of Marketing Driving Competitive Advantage throughout the Customer Life Cycle (PDF, 10 pp., no opt-in), Forrester, February 2017.

AI: The Next Generation Of Marketing Driving Competitive Advantage Throughout The Customer Life Cycle, Forrester Consulting. February 2017 (10 pp., PDF, free, no opt-in).

An Executive’s Guide to Machine Learning, McKinsey Quarterly. June 2015.

Artificial Intelligence for Marketers 2018: Finding Value beyond the Hype, eMarketer. (PDF, 20 pp., no opt-in). October 2017

Artificial Intelligence for Marketing (complete book) (361 pp., PDF, free, no opt-in)

Artificial Intelligence Roundup, eMarketer, May 2018 (15 pp., PDF, free, no opt-in)

Artificial Intelligence: The Next Frontier? McKinsey Global Institute (PDF, 80 pp., no opt-in)

Artificial Intelligence: The Ultimate Technological Disruption Ascends, Woodside Capital Partners. (PDF, 111 pp., no opt-in). January 2017.

AWS Announces Amazon Machine Learning Solutions Lab, Marketing Technology Insights

B2B Predictive Marketing Analytics Platforms: A Marketer’s Guide, (PDF, 36 pp., no opt-in) Marketing Land Research Report. 

David Simchi-Levi

Digital Intelligence Briefing, Adobe, 2018 (43 pp., PDF, free, no opt-in).

Forrester: Marketing automation spend will reach $25B by 2023, May 7, 2018

Four Use Cases of Machine Learning in Marketing, June 28, 2018, Martech Advisor,

Gartner, The Annual CMO Spend Survey 2019-2020 Research, October 1, 2019

How 28 Brands Are Using AI to Enhance Their Marketing [Infographic], Impact Blog

How AI Is Changing Sales, Harvard Business Review, July 30, 2018

How Artificial Intelligence and Machine Learning Will Reshape Small Businesses, SMB Group (PDF, 8 pp., no opt-in) May 2017.

How Machine Learning Helps Sales Success (PDF, 12 pp., no opt-in) Cognizant

How To Win Tomorrow’s Car Buyers – Artificial Intelligence in Marketing & Sales, McKinsey Center for Future Mobility, McKinsey & Company. February 2019. (44 pp., PDF, free, no opt-in)

How Top Marketers Use Artificial Intelligence On-Demand Webinar with Vala Afshar, Chief Digital Evangelist, Salesforce and Meghann York, Director, Product Marketing, Salesforce

IDC MarketScape: Worldwide Artificial Intelligence in Enterprise Marketing Clouds 2017 Vendor Assessment, (11 pp., PDF, free, no opt-in.)

In-depth: Artificial Intelligence 2019, Statistia Digital Market Outlook, February 2019 (client access reqd). 

Inside Salesforce Einstein Artificial Intelligence A Look at Salesforce Einstein Capabilities, Use Cases and Challenges, Doug Henschen, Constellation Research, February 15, 2017

Leading reasons to use artificial intelligence (AI) for marketing personalization according to industry professionals worldwide in 2018, Statista.

Lessons of 21st-Century Brands Modern Brands & AI Report, Forbes Insights and Quantcast Study (17 pp., PDF, free, opt-in), 

Machine Learning for Marketers (PDF, 91 pp., no opt-in) iPullRank

Machine Learning Marketing – Expert Consensus of 51 Executives and Startups, TechEmergence. May 15, 2017.

Marketing & Sales Big Data, Analytics, and the Future of Marketing & Sales, (PDF, 60 pp., no opt-in), McKinsey & Company.

Powerful pricing: The next frontier in apparel and fashion advanced analytics, McKinsey & Company, December 2018

Share of marketing and agency professionals who are comfortable with AI-enabled technology automated handling of their campaigns in the United States as of June 2018, Statista.  

Sizing the prize – What’s the real value of AI for your business and how can you capitalize? (PDF, 32 pp., no opt-in) PwC, 2017.

The CMO Survey: Highlights and Insights Report, February 2019. Duke University, Deloitte and American Marketing Association. (71 pp., PDF, free, no opt-in).

The New Frontier of Price Optimization, MIT Technology Review. September 07, 2017. 

The Outlook for Data 2019: A Snapshot into the Evolving Role of Audience Insight. Winterberry Group, February 2019 (PDF, 11 pp., no opt-in)

The Power Of Customer Context, Forrester (PDF, 20 pp., no opt-in) Carlton A. Doty, April 14, 2014. Provided courtesy of Pegasystems.

Turning AI into concrete value: the successful implementers’ toolkit, Capgemini Consulting. 2017. (PDF, 28 pp., no opt-in)

Using machine learning for insurance pricing optimization, Google Cloud Big Data and Machine Learning Blog, March 29, 2017

Visualizing the uses and potential impact of AI and other analytics, McKinsey Global Institute, April 2018. Interactive page based on Tableau data set can be found here.

What Marketers Can Expect from AI in 2018, Jacob Shama. Mintigo. January 16, 2018. 

What really matters in B2B dynamic pricing, McKinsey & Company, October 2018

Winning tomorrow’s car buyers using artificial intelligence in marketing and sales, McKinsey & Company, February 2019

Worldwide Spending on Artificial Intelligence Systems Will Grow to Nearly $35.8 Billion in 2019, According to New IDC Spending Guide, IDC; March 11, 2019

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