2020’s been a rough year for a lot of industries. Even digital marketing, which got a huge boost from everyone going online, had some tough times, but things might be looking up according to the WARC Global Marketing Index 2020 review.
The report, which had a sample size of 1000 marketers across the world, noted how a lot of the indices on the review showed recovery. They explain that this is indicative of the increasing confidence in economies as people adapt to the times.
The Headline Global Marketing Index, which acts as a summary of the state of the global marketing industry, saw the greatest fluctuation in 2020, starting out the year with a slight decline then hitting an all-time low of 19.7 in May 2020 as a result of the coronavirus outbreak.
Since then, however, economies have been adjusting fairly-well, and optimism has resulted in the digital marketing industry slowly bouncing back, with three consecutive months of increasing growth, with the HGMI ending at 55.4, with APAC and the Americas leading the charge.
2020 saw lifetime high and low lifetime values, with global marketing budgets reflecting the HGMI’s rends.
As for medium, digital and mobile led the growth across the industry which started in August, thanks to the sudden boom in e-commerce as a result of people being stuck in their homes. Digital budgets and mobile ended 2020 with index values of 67.4 and 67.0, respectively, which is good news for the people invested in online ads, king kong agency review, and the like.