B2B Marketing News: Rising B2B MarTech Spend, 10th Annual Data Never Sleeps Report, & LinkedIn Tops B2B Ad Spending

By Lane Ellis

2022 September 30 Domo Chart

2022 September 30 Domo Chart

US B2B MarTech Spend Set for ~15% Rise This Year
In 2022 marketing technology spending is set to top $20 billion for the first time, with the B2B-specific segment growing by some 14.6 percent — slightly higher than overall combined B2C and B2B spending, according to newly-released survey data of interest to B2B marketers. MarketingCharts

[bctt tweet=”“An important part of a modern martech stack has to be a unified profile that spans identities, understands behavioral information at an individual level, but also on the B2B side at an account level.” — Stephen Streich @sstreich” username=”toprank”]

LinkedIn will capture nearly 25% of US B2B ad spending by 2024
By the end of 2022 B2B display advertising revenues on the LinkedIn professional social media platform are expected to account for 21 percent of U.S. B2B digital ad spend, a share that will rise to nearly 50 percent by 2024, according to recently-released U.S. B2B digital ad spending forecast data. Insider Intelligence

TikTok Increases Length Of Video Descriptions
Short-form video creation firm TikTok has rolled out a change that will see a jump from the previous maximum of 300 characters to describe content on the platform to 2,200, a move that has given marketers using the growing platform greatly-expanded room for search engine optimization (SEO) strategy. Search Engine Journal

Instagram Stories under 60 seconds are no longer broken up into clips
Meta-owned Instagram has begun to roll out a change that will no longer require Instagram Story content less than a minute in length to be broken into 15-second segments, instead allowing a single uninterrupted user experience — a change that will likely affect how B2B marketers use the feature for short-form content. TechCrunch

At Dreamforce, a new data platform and enhancements to Slack
Salesforce’ Dreamforce event saw the announcement of coming changes to its popular Slack video conferencing program, that will bring organized resource curation in a new Slack Canvas feature and multi-person screen sharing in Slack Huddles, along with a new real-time customer data platform, 360 Audiences. MarTech

Carbon Emerges As Key Ad Performance Indicator: Clients/Agencies Split On Cost
When it comes to carbon emissions generated by digital advertising campaigns, 87 percent of U.S. and U.K. advertiser and agency executives have said that the digital ad industry has a responsibility to lower carbon emissions, while a new carbon performance indicator (CPI) metric has begun to take shape, according to newly-released survey data of interest to digital marketers. MediaPost

2022 September 30 Statistics Image

Why is accessibility an afterthought for marketers?
With some 26 percent of the U.S. population living with a disability, a scant 36 percent of firms possess a top-down commitment to building accessible digital experiences, according to recently-published Forrester survey data, and Campaign US shows how Apple, Accenture, and IBM have worked to make inroads in digital accessibility. …read more

Source:: Top Rank Blog

      

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