Some 62% of brand marketers say they use two or more marketing agencies to support their business, a 13 percentage point decrease from 2009, when 75% said they used two or more agencies, according to a recent report from RSW/US.
The report was based on data from from a December 2014 survey of 123 senior level brand marketers and 158 marketing agency executives.
More than half (56%) of brand marketers surveyed say they have been consolidating the number of agencies they use recently, whereas 44% say they have been adding more specialty agencies.
Moreover, 63% of brand marketers say they expect the trend of consolidating the number of agencies used to continue over the next one to two years.
Below, additional key findings from the report.
Some 79% of agency marketers say the landscape is much more competitive today than three to four years ago; 68% of agency marketers said so in 2013.
Ayaz Nanji is an independent digital strategist and a co-founder of ICW Content, a marketing agency specializing in content creation for brands and businesses. He is also a research writer for MarketingProfs. He has worked for Google/YouTube, the Travel Channel, AOL, and the New York Times.
LinkedIn: Ayaz Nanji