Martech Replacement Trends in 2024
Which types of marketing technology are replaced most often? Why do marketers decide to replace martech solutions? To find out, researchers surveyed 496 marketers from around the world.
Businesses have come to understand the power of marketing automation to drive revenue and growth. Automation technologies can increase conversions by 77%, according to Invespcro, while 91% of marketers agree that automation is essential to success. Omnichannel strategies, hypertargeting, and operational efficiency through automation have all proven to be successful strategies.
Omnichannel strategies focus on creating a personalized customer journey across channels. Technologies like AI and marketing automation can help orchestrate this journey and add chatbots to websites for quick and knowledgeable responses. Hypertargeting enables marketers to deliver relevant and customized messages to the right customers.
Finally, operational efficiencies can be gained by automating processes, such as data entry and customer service satisfaction surveys. Automation also allows for visibility into weak points in the process and detailed data to inform decision-making. There are many resources available to kickstart a growth marketing automation strategy.
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Which types of marketing technology are replaced most often? Why do marketers decide to replace martech solutions? To find out, researchers surveyed 496 marketers from around the world.
Learn about some top marketing automation tools that can streamline your campaigns and improve customer engagement. Read more.
Learn why customer data platforms (CDPs) are crucial for leveraging first-party data to improve marketing strategy and customer engagement. Read more.
The number of marketing technology software products has grown exponentially over the past 13 years, according to recent research.
The first-ever Magic Quadrant for customer data platforms by Gartner signifies a milestone in the maturation and essentiality of CDPs within the martech ecosystem. In a data-centric, customer-first marketplace, CDPs have become a strategic imperative.
Chief marketing officers at B2B enterprise companies say the biggest technology challenge they face is integrating various solutions effectively, according to recent research from Modern.