Forrester Research has released a new report forecasting interactive marketing spend in the U.S. for the next five years. The report, authored by Shar VanBoskirk, is available in its entirety on the Forrester Research website. The report details how certain industries currently spend, and projects how they will spend, on interactive marketing. It also offers some interesting insights for businesses trying to ensure they are either catching, or keeping up with the Joneses.
The chart above shows what Forrester estimates brands are currently spending on Interactive Marketing. Display advertising is banner ads and similar, standard ads on websites. The numbers aren’t all that surprising, but think about where the industry is when you think of these insights: Display ads continue to dominate consumer goods and media and entertainment, among other categories. The industries that have been using the web the longest – travel and hospitality – spend three times as much on search marketing as display ads and almost 30 percent of their overall budget on Interactive. That’s 10 percent more than any other industry. Social media spend is last or second to last in all categories except business services. Social media consultants and agencies selling social media fall into that category. Email marketing, the interactive version of cash cow direct marketing, appears to be almost an afterthought across the board.
Botton line – online is the way to go.