B2B Marketing Budgets to Increase in 2015
More than half of B2B marketers plan to increase their marketing budgets this year, with the average budget increasing by 6%, according to a new report by Forrester Research.
The survey based on 132 B2B marketers found that 51% of marketers plan to increase budgets this year, 30% plan to keep budgets the same as last year, while 8% plan to decrease budgets. However, it looks like the confidence in marketing has increased compared to last year’s findings. The same report delivered last year found only 32% of B2B marketers expected to raise their marketing budgets, 45% planned to keep budgets the same, and 22% said they planned to cut their budgets.
The research also found that marketing budgets will make up 7% of revenue on average, compared with last year’s average of only 4%. While the marketing programs that will be allocated the largest budget are in-person events (14%), followed by digital marketing (10%) and content marketing (9%). These represent a decline from last year findings. With events share declining by 6%, and digital marketing and content marketing decreasing by 3%.
It could be considered this decline demonstrates marketers spreading their budgets across more marketing programs to strengthen their efforts. But the overall increase shows a promising future for the B2B marketing landscape.
Marketers Believe Mobile is the Core to Their Business
If you haven’t started introducing mobile, it’s looking like 2015 is the last call to get started as more marketers are seeing its importance. According to Salesforce’s 2015 State of Marketing report marketers (71%) view mobile marketing as the core to their business.