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Martech set to exceed $215 billion by 2027

Martech

Global martech spend is projected to surpass $215 billion annually by 2027, up from $131 billion in 2023, according to a Forrester forecast. Last year, spend increased 10.9%, according to the report, Global Martech Software Forecast, 2023 – 2027. Annual growth is projected to climb to a steady 13.3% over the coming years.

B2C 96
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Digital ad spend growth drops to 7.8% this year

Martech

growth in 2024, the forecast said. Yearly increases in digital ad spending are predicted to hover around 10% through 2027. Digital ad spend saw a dramatic rebound in 2021 following the initial wave of the COVID pandemic — when it saw growth of 37.6%. growth in retail media search. It is projected to rebound to 11.2%

Growth 108
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The Rise of 'K-everything': How Culture Fuels Business Growth

Hubspot

Similarweb just released a list of the fastest growing digital companies in 2024, based on year-over-year traffic growth. Their substantial growth is in line with South Korea’s outsized influence on direct-to-consumer fashion and beauty. Two companies jumped out at me right off the bat: ? Anything for that beautiful glass skin.

Growth 75
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U.S. paid search spend forecast to hit $110 billion in 2023

Search Engine Land

If it reaches $110 billion, its growth will remain slightly higher (at 8.2%) than overall U.S. growth in retail media search. If spending continues at its current rate it should surpass $106 billion in 2027. Until then, it’s good to see overall paid search spend growth rising – especially in retail. More on U.S.

Retail 93
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5 Interesting Learnings from Sprinklr at $700,000,000 in ARR

SaaStr

Revenue Growth Has Seen Macro Pressure, But Growth Remains Real Sprinklr is a marketing product for the most part, and marketing budgets have been under pressure the past 18 months. Sprinklr hasn’t been immune, with growth slowing from 29% to 20% over the past 5 quarters. Spriklr sees $1B in ARR by 2027.

Growth 72
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Empower Your Sales Team with a Strategic Enablement Function

Highspot

The business case for a dedicated enablement function is powerful: 92% of companies acknowledge that the enablement function improves sales performance and, as a result, enablement budgets will increase 50% by 2027. So, why do such polarized opinions persist? It all comes down to strategy.

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Africa’s Getting Younger — 3 Reasons Why That’s Exciting for Entrepreneurs

Hubspot

Source: YouTube Africa’s Got talent By 2040, Africa will need 2m new jobs per month to keep up with population growth. Meanwhile, online learning is expected to grow at a rate of 12% through 2027 in the region. There are tons of reasons why global businesses might want to capitalize on that trend. Build skills.