Digital Marketing Market to be Valued at $460 Billion by 2022

The COVID-19 pandemic has brought a monumental shift from traditional marketing methods to digital marketing. The market is mainly driven by the FMCG, retail, and CPG segments. Once the pandemic situation is under control, the rapid expansion of digital marketing can stabilize. However, significantly higher growth in revenue usage in the digital space is expected. Digital marketing trends are likely driven by larger agencies.

Automation, AI, NLP, or Neurotal programming along with deep learning techniques will play a vital role in improving operational efficiency, reducing workload, improving real-time analytics, and SEO initiatives. Social media trends will continue to positively impact the consumer market, and brands have already advanced user-generated media generation as part of their core marketing strategy. Influencers must also create trends and influence marketing strategies to a great extent. Virtual reality (VR) and augmented reality (AR) tools are futuristic but seem to have a niche with the growing smartphone market and are expected to contribute an estimated $75 billion to the internet marketing services industry.

 “Short video content is arguably the best performing digital segment. Brands have jumped on the bandwagon and social media platforms are awash with influential and user-generated media. Trends show that NLP and deep learning will dominate the space,” he says. Olive Cynthia, an analyst at Beroe. “The industry’s rapid growth is part of a tectonic shift in market preferences as more and more campaigns focus on user preferences. VR and AR have become indispensable and have already taken significant steps in their strategy. will resurface, but it seems unlikely that they will undermine the rapid digitization of campaigns and branding strategies.

Brands have seen a 20% increase in revenue from viewers and a 90% increase in average time spent on ads in the social media space. Marketing spending on these platforms has changed a lot and will continue to do so in 2022. Social media initiatives have become an integral part of the strategy and are likely to dominate digital strategies.

Automated email marketing could very well be the future of the internet.

Targeted emails and customer-facing emails were successful in conversions. The future of small businesses must come from sales-oriented emails. Conversion-oriented emails have shown promising results in the e-commerce space and are a trend that will grow with racial advancement.

“Digital marketing has achieved unprecedented success in the days of the pandemic. Content creation will be an integral part of the digital media strategy. The growth of the e-commerce industry has the potential to propel digital services on a trajectory of rapid growth growth” said Olive Cynthia, an analyst at Beroe.