Social commerce
Social commerce is anticipated to achieve over $79.6 billion in 2025 (Source: Merkle)
36% of consumers have participated in livestream events (Source: Merkle)
60% of consumers have an interest in making a purchase order through social media (Source: Merkle)
YouTube vs. TikTok
YouTube’s ad revenue is anticipated to grow 4% in 2023, double that of the previous yr (Source: WARC)
YouTube ads reach 2.07 billion adults globally, almost two times that of TikTok and Instagram (Source: WARC)
More than 1 billion hours of videos are watched on YouTube on daily basis (Source: WARC)
70% of Gen Z TikTok users are more likely to interact with content post-purchase in comparison with other platforms (Source: WARC)
67% of teenagers between the ages of 13 and 17 have used TikTok (Source: WARC)
Game mode
93% of Gen Alpha has played video games in the past six months (Source: Newzoo)
43% of the online population has spent money on video games (Source: Newzoo)
48% of gamers say they usually tend to purchase from a brand whether it is featured in their favorite game (Source: Newzoo)
51% of gamers have discovered a latest brand while playing (Source: Newzoo)
Budget notes
Marketing budgets make up 9.1% of company revenue in 2023, down from 9.5% the prior yr (Source: Gartner)
26% of 2023 marketing investment goes toward paid media, the largest chunk (Source: Gartner)
63% of marketers reported increasing investments in marketing technology in 2023 (Source: Gartner)
75% of CMOs have faced pressure to chop marketing technology spend this yr (Source: Gartner)
51% of marketers have increased investment in marketing analytics, while 46% increased investment in customer analytics in 2023 (Source: Gartner)
The consumer in 2023
72% of consumers consider corporations should sacrifice the bottom line to higher serve them (Source: Gartner)
54% of Gen Z try to limit their time on social media (Source: Gartner)
Gen Z and millennials have a look at more sustainability aspects on labels than other consumers (Source: Gartner)
62% of consumers say they may stop buying from brands that shrink product size (Source: Gartner)
Measurement uncertainty
25% of marketers name accessing accurate measurements a top concern for 2023 (Source: WARC)
Nearly 60% of ROI is generated long run through promoting (Source: WARC)
Retail media is the fourth-largest promoting channel, with total spend expected to hit $121.9 billion in 2023, up 10.1% this yr (Source: WARC)
Read the full article here
