Like the Dubai skyline, the digital marketing landscape is constantly evolving. Whether you’re running a startup or a global business based in the MENA region, staying up to date with current trends in digital marketing can help define your marketing strategy.
The CMO Survey reports that marketing budgets are returning to pre-pandemic levels. As compared with last year, marketing professionals report an 11.8% increase in budgets. Since the turn of the century, annual marketing-related spending has averaged over 10% and is expected to continue growing.
START YOUR DIGITAL MARKETING COMPANY NOW WITH AED 1,042 PER MONTH
So how are marketers using their budgets? What might the future hold for digital marketing in 2023? How can you leverage those trends to get the best results for your business? Let’s look at how marketing dollars will be allocated in 2023 and beyond. This blog will share the top 5 digital marketing trends to get ahead of in 2023. Take advantage of these trends to reach new and potential customers.1. The Metaverse Hype
Metaverse describes a combination of virtual reality and mixed reality worlds accessed through a browser or headset, allowing people to have real-time interactions and experiences across distances. With this technology, people can participate in social activities, and entertainment like never before as Metaverse is built upon the concepts of presence, immersion, and interactivity. People often compare the new-age virtual world to online games. However, there are significant differences:
Key Metaverse Statistics 2022
- The Metaverse was valued at $47.69 billion in 2020
- The Metaverse will be worth more than $800 billion by 2028
- JP Morgan predicts the metaverse market size will be more than $1 trillion
- Goldman Sachs predicts the metaverse market size to be up to $12 trillion
- AI economy will reach $15 trillion in GDP growth by 2030
- 10,000 jobs were created by Facebook for Metaverse
- Epic Games raised $1 Billion for metaverse plans
- Facebook is investing $10 billion in Metaverse
- 10.7 million users participated in Fortnite concerts online
- $200 million investment from Sony
- Microsoft got a $22 billion contract for Mixed Reality technology
- 50,000 individual creators have downloaded Nvidia Omniverse beta version
- Supersocial raised $5.2 million to make Games on the Roblox platform
2. An Omnichannel Approach to Marketing
Omnichannel marketing offers the most potent benefits among all the digital marketing strategies available today. Every year, marketers are better able to fulfill the original promise of marketing: having the right message at the right time to the right person. With omnichannel marketing, marketers can provide customers with a personalised experience across all channels.STARTING A MARKETING COMPANY IN DUBAI? GET A LICENSE WITH THESE STEPS.
Not only do these efforts make the user experience smoother, but they also increase customer loyalty, sales, and brand recognition. With time, omnichannel marketing efforts have become more prevalent to boost customer retention and revenue.3. Implementing Artificial Intelligence
The science of artificial intelligence (AI) aims to build machines that think the same as humans, thereby revolutionizing digital marketing. The use of artificial intelligence can help make the right decisions quickly in the following areas of business:- Marketing
- E-Commerce
- Product Management
- Speech Recognition
- Visual Perception
- Decision-Making
- Language Translation
- Machine Learning (ML)
CTA BENEFITS OF USING AI IN MARKETING
4. Social Media Marketing
Modern digital marketing relies heavily on social media. To rule your target market in 2023, you should aggressively market and advertise on social media. Keep yourself up to date with social media marketing trends in 2023, so you can choose the best strategies for your business. As of 2022, there are approximately 4.59 billion social media users worldwide. This is an increase from the 2.5 billion users in 2017. There is a growing trend toward using social media even more in the future. However, Experts predict that the most popular platforms will lose many users to new ones. Here are the top 5 social media trends to watch in 2023.- Leveraging Video ContentVideo content can significantly impact your digital marketing strategy, no matter what kind of business one runs, what products or services one sell, or whom one wants to reach. According to WYZOwl, 94% of marketers believe video content helps users understand products and services better. Videos are an excellent way to help potential buyers learn about products or services. The Internet is already obsessed with video content, and as this mania grows, so will video content creation.
- im for User-Generated Content (UGC)With more consumers turning to social networks and web content instead of traditional advertising methods, authentic UGC is growing in power. A user-generated content strategy can help businesses connect with their target audience and give them a sense of identity that is genuine and human. By building trust and credibility with potential clients, they can stand out from the crowd with their mass-marketing campaigns.
- Micro-Influencer MarketingThere has been more than a double-digit increase in the size of the global influencer marketing market since 2019. In 2022, the market was valued at 16 billion dollars; by 2027, it is expected to reach 337 million. While this type of social media marketing is not new in 2023, companies can build stronger relationships with their target audiences by partnering with long-term “brand ambassadors.” In turn, brands can establish long-term relationships with their influencer partners from these mutually beneficial collaborations, while influencers may maintain trust with their audiences by promoting the same brand over time.
