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In 2018, nearly two-thirds (65%) of companies will increase their marketing technology budgets from 2017 levels, according to recent research from Walker Sands and chiefmartec.com.

The report was based on data from a survey of 300 marketers who work for firms in a wide range of different industries.

Some 48% of respondents say their company's marketing technology budget will have increased slightly in 2018, and 17% say their company's marketing technology budget will have increased greatly.

Only 5% of respondents say their company's marketing technology budget will have decreased this year.

The marketing technologies used by the largest number of respondents are email services, content marketing services, analytics tools, and social media management program:

Just over half (52%) of respondents say their firm evaluates its marketing technology stack more than once a year:

Some 29% of respondents say their firm's marketing strategy is driven primarily by creativity, 30% say their firm's marketing strategy is driven primarily by technology, and 41% say their firm's marketing strategy is driven by an equal mix of creativity and technology.

Just 14% of respondents say their firm's marketing strategy will be driven primarily by creativity five years from now.

About the research: The report was based on data from a survey of 300 marketers who work for companies in a wide range of different industries.

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ABOUT THE AUTHOR

image of Ayaz Nanji

Ayaz Nanji is a digital strategist and a co-founder of ICW Media, a marketing agency specializing in content and social media services for tech firms. 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

Twitter: @ayaznanji