TapClicks, the leading unified marketing platform for analytics, intelligence, reporting, workflow and orders management, released its inaugural insights report, “The New Normal: Digital Marketing Insights from TapClicks, Spring 2020,” that evaluates the current state of the digital marketing industry amidst the COVID-19 pandemic. The report reveals key opportunities to drive revenue through digital marketing and highlights strategies for various industries to optimize campaign spending accounting for the changing dynamics of the remote-first economy.
The digital marketing industry is in a state of flux as industry segments pivot business models in response to the global health crisis. This has resulted in descaling budgets and spending with discounted products and services, shifting e-commerce strategies, new delivery methods, and remote services emerging throughout the industry. While these changes present unforeseen challenges, they also present marketers with opportunities to differentiate their brands and emerge from pandemic conditions as market leaders.
The TapClicks report examined industry data from over 900,000 advertising and marketing campaigns managed through TapClicks’ proprietary analytics platform, accounting for more than $121 million in total spending and focusing on several key industries. Data in the report also accounts for trends across six distinct advertising channels, including social, SEM/PPC, video, location-based, programmatic, and display, offering rich insights to help marketers accelerate campaigns and fuel success into 2021. The highlights include:
Read More: Brick-And-Mortar Brands Must Adapt More To Survive COVID-19
Opportunities for Revenue Growth:
- Healthcare: The healthcare industry saw the largest overall marketing spend, $30 billion, in 2019. TapClicks expects that spending will continue to grow as demand for remote care and support across the industry continues to accelerate in light of the pandemic.
- Higher Education: Higher ed institutions spent more than $100 million on digital media, with colleges and universities spending the most, roughly 17 percent of the total. As uncertainty remains about reopening timelines and these organizations adjust to a new reality, those responsible for advertising and marketing will have to address new market conditions and changing student attitudes to drive decision making.
- Car Dealers and Leasing Companies: The auto industry was immediately impacted by the economic ramifications of COVID-19. But TapClicks’ data indicates that the industry is likely to see an aggressive bounce back where active marketers in this segment can capitalize on the opportunity by leveraging new incentive programs and customer-centric promotions.
Read More: Databricks Makes Inc. Magazine’s 2020 List Of Best Workplaces
