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2014 Digital Marketing Landscape Benchmark Report
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2014 Digital Marketing Landscape Benchmark Report

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A super interesting study on Digital Marketing Landscape put together by Demand Metric Research Corporation. The study covers: …

A super interesting study on Digital Marketing Landscape put together by Demand Metric Research Corporation. The study covers:

- how much money and with what level of priority companies are giving their Digital Marketing efforts
- the platforms Digital Marketers are using to deploy their Digital campaigns
- the different types of approaches marketers are taking to connect with consumers Digitally, and which ones are creating the most impact
- the benefits and challenges of creating "Digital experiences"
- the latest measurements in use to track the performance of Digital campaigns

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  • 1. © 2013 Demand Metric Research Corporation. All Rights Reserved. Benchmark Report Sponsored By: Digital Marketing Landscape:
  • 2. TABLE OF CONTENTS 3 4 6 7 8 11 21 25 27 16 20 2812 23
  • 3. INTRODUCTION Much of what marketers do as they practice their craft is directly or indirectly linked to communication with customers and prospects through some digital channel. Savvy marketers understand that it is no longer enough to just present a solution’s benefits; the story of a solution and its benefits are best delivered through an impactful digital experience. Digital experiences are digital environments, typically associated with a post-click experience, that meaningfully and warmly embrace visitors. Marketers are rapidly recognizing the value of creating digital experiences because of their power to influence and persuade.
  • 4. EXECUTIVE SUMMARY       4
  • 5. EXECUTIVE SUMMARY     5
  • 6. RESEARCH METHODOLOGY Annual Revenues:       Type of Organization:     Primary Role of Respondent:       6
  • 7. DIGITAL MARKETING BUDGETS 58% of these study participants are allocating less than half of their budgets to digital marketing. This study did not show a relationship between budget and growth. In other words, achieving growth through digital marketing requires more than simply throwing money at it. 7 Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 8. Well over half (59%) of the study sample rated the priority as “high” or “very high”, and 89% rated digital experience creation a moderate or higher priority. DIGITAL EXPERIENCE CREATION PRIORITIES 8 Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 9.   The results of this analysis show a strong relationship that is statistically significant. DIGITAL EXPERIENCE CREATION PRIORITIES Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518 9
  • 10. At the “High” priority or right side of the graph, 76% of organizations that report revenue growth are also placing a high priority on digital experience creation. Staying on the “High” priority side of the graph, only 18% of organizations with flat growth, and six percent of organizations with declining growth are placing a high priority on creating rich, digital experiences. There is a strong relationship between the two, one that is too important to ignore when determining marketing priorities. 10 DIGITAL EXPERIENCE CREATION PRIORITIES
  • 11. PLATFORMS FOR DIGITAL EXPERIENCES Using this brand perception data to analyze platforms revealed that all relationships between platforms on which a digital experience is encountered and brand perception impact are significant. Organizations should therefore choose to create digital experiences on platforms that best allow them to reach their target audience, not because one platform is far more influential than the others when it comes to brand perception.11 Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 12. SOPHISTICATION OF DIGITAL EXPERIENCES From the elaborate to the simple, digital experiences can convey a wide range of sophistication. 12 Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 13.    The degree of sophistication of the digital experience that is created is a clear predictor of brand perception. 13 SOPHISTICATION OF DIGITAL EXPERIENCES Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 14. At the basic level of sophistication, the data shows neutrality: there were equal numbers of responses on each side of the favorable/unfavorable spectrum of influence on brand perception. Basic levels of sophistication may have utility, but they don’t impress, they don’t help the brand, nor do they hurt it. They are merely conveniences. There’s another important lesson in this data: Marketers don’t have to go all out in the creation of digital experiences to get the most benefits. However, marketers must also understand this: sophistication level of a digital experience is a perception of the visitor, not the creatornot the creator SOPHISTICATION OF DIGITAL EXPERIENCES 14
  • 15. For organizations whose sophistication is advanced in the creation of digital experiences, 83% are also experiencing revenue growth. Organizations that are experiencing revenue growth are also most aggressively exploiting more sophisticated, advanced digital experiences. 15 Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518 SOPHISTICATION OF DIGITAL EXPERIENCES
  • 16. APPROACHES TO DIGITAL EXPERIENCE CREATION It is no surprise that the venerable website continues to serve as “ground zero” for digital marketing and as a host for digital experiences. 16 Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 17. 17 APPROACHES TO DIGITAL EXPERIENCE CREATION Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 18. 18 APPROACHES TO DIGITAL EXPERIENCE CREATION Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 19.         This data doesn’t reflect the diminishing importance of the website, but it does reflect increasing sophistication and diversification in the creation of digital experiences. 19 APPROACHES TO DIGITAL EXPERIENCE CREATION
  • 20. As discussed in the section, “Sophistication of Digital Experiences,” there is a strong relationship between the level of sophistication of digital experiences and their influence on brand perception. This benefits data further validates that connection.20 BENEFITS Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 21. The digital experience development effort – and this study finds that greater sophistication delivers greater benefit – requires an investment of time and resources. Clearly there is frustration in the survey sample group at how quickly the technology landscape is shifting under the feet of their developers. 21 CHALLENGES Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 22. When the focus stays on the object of the digital experience development effort, it can eliminate or at least minimize the vertigo induced by the rapid evolution of technology. 22 CHALLENGES Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 23. Comments were solicited with this question, and several made it clear that no measurement efforts are place. At some point, however, metrics become essential. The question is, which metrics? 23 MEASUREMENT Digital Marketing Landscape Benchmark Report, Demand Metric, December 2013, n=518
  • 24. MEASUREMENT This study shows that the measurements have not evolved nearly as fast as the technology to create digital experiences. Ideally a digital experiences dashboard would include three categories of metrics: 24
  • 25. ANALYST BOTTOM LINE Sophisticated digital experiences are having a significant, measurable impact on brand perception and revenue growth. Company size is not a critical success factor for this strategy, as a small startup can steal the show from larger, better- known but less agile competitors. Brand awareness and perception is more vulnerable because of the powerful influence digital experiences have over them. Invest in being a leader. Understand what your competitors are doing and outdo them. 25
  • 26. ANALYST BOTTOM LINE The market rewards excellence when it comes to digital experiences.  Don’t let tool and technology choices drive your efforts.  As you develop digital experiences, lean toward the more sophisticated or advanced end of the spectrum.  Recognize that metrics are essential, but if you’re just getting started, don’t let the early returns discourage you. By creating rich digital experiences instead of chasing clicks, marketers can break away from the pack. 26
  • 27. ACKNOWLEDGEMENTS About ion interactive 27
  • 28. ABOUT DEMAND METRIC 28
  • 29. © 2013 Demand Metric Research Corporation. All Rights Reserved. Benchmark Report © 2013 Demand Metric Research Corporation. All Rights Reserved.