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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. The post Martech set to exceed $215 billion by 2027 appeared first on MarTech.

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36 Up-To-Date Ecommerce Statistics

Backlinko

In fact, ecommerce is forecasted to capture 41% of retail sales worldwide by 2027, up from only 18% back in 2017. trillion 2027 $7.96 by 2027 ( eMarketer ) Here’s a table with ecommerce share of total retail sales worldwide since 2021: Year Retail Ecommerce Worldwide (% Share of Total Retail Sales) 2021 18.8% trillion 2022 $5.29

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16 Digital Transformation Statistics

Backlinko

trillion by 2027 ( IDC ) Digital transformation spending reached $2.5 trillion by 2027. from 2022 to 2027. trillion in 2024 and is set to reach $3.9 Forecasts indicate that the digital transformation market will achieve a five-year CAGR of 16.2% US spending on digital transformation accounts for 35.8%

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Digital ad spend growth drops to 7.8% this year

Martech

Yearly increases in digital ad spending are predicted to hover around 10% through 2027. If spending continues at its current rate it should surpass $106 billion in 2027. digital ad spend is only expected to increase 7.8% in 2023, dropping below 10% for the first time in 14 years, according to a new forecast from eMarketer.

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Smartphone Usage Statistics

Backlinko

Now, the number is nearly 5 billion and forecasted to reach 6 billion by 2027. billion 2027 6 billion Source: Statista Smartphone Ownership in the US Around 90% of adults in the US currently own a smartphone, up from 59% ownership rate in December 2014. Back in 2014, there were 1 billion smartphone users. billion 2016 1.43

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41 Key AI Statistics

Backlinko

The AI-centric software market’s annual revenue worldwide is forecasted to hit approximately $251 billion in 2027 (up from $64 billion in 2022) and that’s excluding generative AI software – IDC Spending on generative AI platforms and applications is estimated to hit $55.7 billion in 2022) and accounted for approximately 17.5%

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Ultimate Affiliate Marketing Guide For Nigeria

Calvyn Lee Blog

MLN by 2027. Dating is also popular in Nigeria. According to Statista, the total market revenue is expected to reach $4.65 MLN, and the number of users is most likely to amount to 2.8 Try launching a campaign with appealing creatives that evoke social interest – say, dialogue-like ones.