Headline of the Day:
“If an industry can withstand one of the harshest economic crises in history, then it can overcome any obstacle that comes its way.”
The rapid surge in people staying indoors resulted in a shift in lifestyle, with consumers spending more time online than ever before. Due to these harsh changes, marketing departments witnessed a huge decline in 2020. Luckily, more companies will be online in 10 years, and more individuals will have internet access. As a result, I do not believe that digital marketing will diminish in the next 10 years.
As we begin a new year with a fresh set of difficulties that differ from the previous one, we meet with digital marketing professionals, examine the industry’s development trajectory, and look ahead.
According to Harshil Karia, Co-founder and Managing Director “In the coming years, two of the biggest trend will dominate marketing: “
- More and more organizations are leveraging technology to improve last-mile conversion, data management, and the efficient use of marketing data as signals to business and sales teams.
- The usage of automation will begin to have an impact on creativity. Using video AI and speech, a single ad may be delivered in a hundred different ways. A single copy can be written in a variety of context-specific ways.
Social Commerce Will Fuel Growth in the Coming Years
“Retail experts predict that social commerce sales will climb by more than 35% this year, implying that customers will spend more than $36 billion.”
Given the increasing number of social media users, the social commerce business has enormous development potential. When clients are pleased with your company, social media makes it simple for them to share and recommend it.
Social Commerce will benefit you in the following ways:
- Consistent audience expansion
- Improved Search Engine Rankings
- Increased Authentic Engagement and Traffic
- Customer Loyalty and Trust
Technology is rapidly changing the nature of the retail industry. Like in and on-the-spot delivery are expected to have a greater impact on the retail industry in 2023.