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.
Bloated marketing stacks are a real problem for modern companies. With nearly 10,000 potential solutions leading to the average enterprise using over 1,000 cloud services, teams buy apps to solve problems, but having too many creates new problems. Revenue operations, or revops, offers promise, but it doesn't solve the problem of bloat. Companies should rethink their mindset of "there's an app for that."
Data silos are a common issue within marketing departments, trapping data in different areas such as CRM systems, social ad platforms, and website analytics tools. Four ways to tackle martech stack bloat include embracing minimalism, rethinking data architecture, reconsidering native integrations, and embracing composability. Taking control of API connections and building something custom can reduce bloat and data silos.
Achieving harmony in the stack is essential to quickly optimize customer experiences and uncover revenue opportunities. It takes speed, agility, and freedom from code for someone in revops to quickly update the lead flow or adapt to a new tool. No-code development is here, and marketers should be ready to take advantage.
Taming Martech Stack Bloat Is Essential to Scaling Revenue
Don't worry ... it's FREE!
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.