Digital Marketing Industry Procurement Intelligence, Engagement Model, Low & Best Cost Country, Day One Analysis Report, 2020 – 2027

 Procurement Outlook

Digital marketing involves the marketing of products and services through channels such as social media, SEO, email, and mobile apps. It spans across a massive network of digital touchpoints that customers interact with during their day-to-day life. The services of digital marketing can be categorized into the following segments:

·        Paid search: Also known as pay-per-click (PPC) advertising, typically refers to the sponsored result on the top or side of a search engine results page (SERP).

·        Search engine optimization (SEO): It is the process of optimizing content, technical setup, and reach of users’ websites so that their pages appear at the top of a search engine result for a specific set of keyword terms.

·        Content marketing: It serves to educate and inspire consumers, seeking information.

·        Social media marketing: This method uses social media as a tool to advertise a product or service.

·        Email marketing: It is more personalized advertising than social media.

 

Read report summary: DigitalMarketing Industry Procurement Intelligence

Demand Outlook

The global digital marketing market was valued at ~USD320 billion in 2020 and it is expected to grow at a CAGR of 14-16% from 2020 to 2027. Increasing investments in online video and mobile advertising are driving the spending of the digital marketing industry. The expenditure on mobile advertisements, which once accounted for nearly ~15% of total digital spending in 2015, accounts for about 39–42% of the digital spending in 2020.

North America is leading the global digital marketing market with more than 35% of the total digital marketing expenditure during the forecast period. The global retail & consumer goods industry is the largest end-user segment of the digital marketing industry with more than 30% of the overall industry spend.

Cost Drivers

The cost of digital marketing is solely depending on the size of a business. A business needs to analyze its financial capabilities and define clear objectives before implementing a digital marketing strategy. Digital marketing costs are varied based on the type of service. For instance, search engine optimization for a small and medium-sized company costs around USD 500-1,000 per month. Whereas, the same activity for a global organization can cost more than USD 20,000. Similarly, the procurement cost is different for email marketing, website design, social media marketing, etc. Typically, a digital marketing service provider offers bundled services to their customers.

 

Check out the featured AddonServices offered with Digital Marketing Industry Procurement Intelligence Report:

 

About us:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of the supply chain which helps in efficient procurement decisions.

 

Our services include (not limited to):

 

·         Market Intelligence involving - market size and forecast, growth factors, and driving trends

·         Price and Cost Intelligence - pricing models adopted for the category, the total cost of ownership

·         Supplier Intelligence - rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

·         Sourcing / Procurement Intelligence - best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best-suited countries for sourcing to minimize supply chain disruption

Our market/procurement Intelligence reports include in-depth and actionable insights that help clients in understanding the different aspects of the supply chain and take more effective decisions.

 

Find More information @ https://www.grandviewresearch.com/pipeline

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Grand View Research, Inc.

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