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Ed Steenman

Ed Steenman CEO Integrated Automotive Advertising Agency

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Digital Ad Spending Now Rivals Traditional details new Forrester Report

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A new report from Forrester reveals that — finally — marketers are treating digital marketing as part of their overall strategy, with 50% of the executives it surveyed planning to increase digital spending this year. And those expenditures are now equal to spending on traditional marketing.

It’s what we’ve been saying all along. But the survey, as reported in Marketing Daily, also reveals that while most marketers are talking a good game — with 80% agreeing that their company has the skills required to be successful in digital marketing — their confidence falls apart when they need to get specific, such as their ability to recruit digital talent, collaborating across functional areas, or even aligning to-do lists across the organization.

Roughly half plan to increase digital marketing, compared with 12% who intend to increase traditional ad spending. While last year traditional marketing had five percentage points more than digital in its share of budget, “this year found a three-way tie among traditional marketing, consumer response/direct marketing, and digital marketing.” Search, display and email take up almost 60% of the digital budget, while mobile and social account for about 30%. And the marketers say mobile and social are their highest priorities this year.

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