Digital Advertising Trends in 2024 | Smartly.io
Digital Advertising |
Embark on a journey through the evolving realm of digital advertising with our insightful report. Discover the trends, strategies, and transformative power that drive success in today’s dynamic landscape. Join us as we navigate the digital frontier together, unlocking new possibilities for strategic excellence.
Key Suggestions
- Strategic Embrace of Social Media Platforms: As the majority of respondents express intentions to boost investments in social media advertising in 2024, it becomes crucial to choose platforms wisely. Instagram, Facebook, and YouTube emerge as the preferred channels, emphasizing the need to strategically prioritize these mediums for effective brand outreach.
- Embrace the Trend of Motion Creative: Amidst a growing focus on motion creative, businesses are encouraged to align with this trend. Incorporating animations and videos into your digital ads holds the potential to captivate the audience’s attention, enabling more impactful message delivery.
- Amplify Investment in Creative Automation: A significant portion of businesses plans to increase investments in creative automation, underscoring its perceived value in the advertising landscape. Elevating your creative automation endeavors can streamline workflows, diminish manual intervention, and provide a strategic edge in navigating heightened competition and the proliferation of advertising channels.
Executive Summary
Businesses capable of producing compelling and significant creative content hold a competitive advantage, allowing them to seize market share and cultivate customer loyalty. Nevertheless, the creation, administration, and enhancement of digital ads have consistently posed challenges due to manual processes.
In the Smartly study of 2023, it was discovered that, while a majority of organizations have automated their creative development and ad management functions, a noteworthy segment of B2C businesses continues to rely on manual interventions.
About the Respondents
The research team at WBR Insights conducted a survey involving 300 digital advertising executives from B2C companies spanning North America, EMEA, and APAC. The findings presented in this report are derived from participants who represent companies with an annual digital advertising expenditure exceeding $2 million.
Nearly 45% of the survey participants are from companies with an annual digital advertising expenditure exceeding $20 million.
Key Insights
- 39% prioritize Instagram, and 37% favor Facebook as the main platform for digital ad spending.
- 51% use automation for ad campaign management, but 63% seek improvements in automating the ad creation process.
- 51% invest in social media ads primarily for direct customer connection.
- 90% admit manual processes in digital ad creation, while 88% find digital ad campaign delivery free from manual efforts.
- Top challenges include sourcing assets (50%) and personalizing creative for each platform (44%).
- Pain points for 2024 include ensuring the right tools (76%) and managing a growing number of channels (66%).
- Plans for 2024: 76% will spend more on social media ads, 71% will invest more in generative AI, and 60% will spend more on programmatic advertising.
- 95% will increase spending on Instagram, Facebook, and YouTube in 2024.
- 50% aim to enhance motion creative usage in 2024.
- 56% have invested in generative AI for ad campaign management, and 90% are testing it for visual asset generation.
- 94% believe generative AI is well-suited for web content generation, and 89% see it fitting for ad artwork creation.
Advertisers Are Pouring More Investments Into Social Media
In the dynamic landscape of B2C digital advertising, notable trends are shaping social media advertising practices. This segment explores the transformations in ad expenditure patterns, platform preferences, and the growing inclination toward social media in marketing strategies.
Currently, 79% of surveyed participants allocate 51% to 75% of their total marketing budget to social media advertising, marking a substantial surge from 2023. This shift indicates that B2C advertisers are witnessing considerable benefits from their social media advertising expenditures, anticipating continued growth and significance in this domain.
Contrastingly, the previous year’s report revealed that none of the respondents directed more than 50% of their total marketing budget to social media advertising, with most allocating 11% to 49%.
Organizations leverage social media advertising for diverse objectives, extending beyond revenue generation through click-throughs.
Surveyed participants highlight their primary motives for investing in social media advertising, which includes establishing direct connections with customers (90%), enhancing performance (88%), exploring an alternative to traditional media (73%), and cultivating brand awareness (63%).
These findings underscore the strategic role of social media for B2C companies in fostering customer relationships and optimizing advertising performance.
In the current year, Instagram and Facebook have emerged as the predominant channels for digital ad spending, surpassing all other platforms. Over one-third of respondents, 39% and 37% respectively, designate Instagram and Facebook as their primary ad investment platforms.
This marks a substantial shift from the previous year, where only 24% favored Instagram, and 27% leaned towards Google Ads. The trend indicates an increasing inclination toward heightened investments in social media advertising for 2024, accompanied by a strategic reevaluation of preferred advertising platforms.
In navigating the ever-evolving landscape of B2C digital advertising, it’s crucial to stay attuned to emerging trends and shifting preferences. The insights gathered from our comprehensive report shed light on the dynamic nature of social media advertising, revealing a surge in investments in platforms like Instagram and Facebook.
To capitalize on these insights, enhance your understanding of the B2C digital advertising landscape, and position your brand for success in the upcoming year, we invite you to download the full report.
The Table of Contents of “Digital Advertising Trends in 2024” Report:
- Key Suggestions
- Executive Summary
- About the Respondents
- Key Insights
- Advertisers Are Pouring More Investments Into Social Media
- B2C Companies Have Made Significant Progress in Advertising Automation
- Companies Are Already Leveraging Generative AI for Ad Creation and Management
- Technology, Social Media Mastery, and Motion Creative Are Top Priorities in 2024
- Conclusion: Automation and AI Will Shape Digital Advertising in 2024
Number of Pages:
- 27 pages
Pricing:
- Free
