Future of Digital Marketing: What to Expect in 2023 and Beyond
The COVID pandemic disrupted the world economy considerably, but it was able to speed up digital marketing activities. Indeed, it augmented digital marketing as the potential marketing channel for companies to promote their business effectively. In practical terms, digital marketing has evolved into a chance for many small firms and entrepreneurs to get a competitive advantage in the market with the help of any online advertising company.
Talking of the present scenario, we can say that we have reached a turning point where technology is enabling businesses to seamlessly blend the virtual and real worlds, thanks to developments like 5G, AI, and edge cloud computing. These technologies are the future of digital marketing that is accelerating monetization through evolving tools and trends.
To stay one step ahead of the curve and prepare for the unexpected, read what to expect as the future of digital marketing. Here are the major trends in digital marketing that we anticipate for 2023 and beyond.
Trends for Digital Marketing for 2023 and beyond
1. Optimization for voice-based searches:
As the reliability of automated digital assistant solutions is increasing progressively, it is advisable for any kind of digital marketing agency to devise Digital marketing strategies for businesses aligned with voice-powered devices.
It has been observed that more users are inclined towards speaking directly to a personal digital assistant versus typing on a keyboard. Therefore, keyword optimization for voice-based searches is noteworthy. On that account, digital marketers must concentrate on a more unique SEO technique to optimize business sites for voice search as the voice recognition capabilities of digital assistants advance and must focus on a new types of words and phrases that people use on a daily basis. It would be beneficial for digital marketers to target more precise voice search results for ad campaigns and strengthen SEO efforts.
2. Adoption of Augmented Reality:
The application of augmented reality is way beyond video games. It is increasingly being adopted by brands to connect with consumers. In fact, 61% of customers prefer to buy from companies that offer augmented reality services. Many industries like the fashion industry have begun to embrace augmented reality to let their consumers virtually try on items in the comfort of their own homes. Isn’t it interesting and fascinating?
In 2023 and beyond, we can certainly expect to see more companies join the augmented reality bandwagon, and the technology will gradually spread with serious marketing objectives rather than just as a fun gimmick.
3. Implementation of Artificial Intelligence:
Artificial intelligence has been increasing the potential for the future of digital marketing for quite a long time now. However, over the next few years, we can expect exponential increases in this technology's potential. If we talk of support services, as machine learning algorithms are getting more complex and can mimic humans with almost uncanny precision, chatbots will likely replace real operators in customer care.
Also, AI is likely to take over the advertising industry. Indeed, it has already started doing the same, Google is already using AI-powered ads to optimize campaigns by finding the best-performing ad styles and language and automatically updating based on user engagement, even though it hasn't nearly reached human levels of creativity.
KPI tracking and other digital marketing technologies will prevail as critical components of tailored targeting. To launch successful advertising campaigns and communicate with the target audience, personalized targeting has emerged as a hidden ingredient. Each component of an advertisement is imperative and enables companies to sell their stories. Entrepreneurs and small firms will need to be more pivotal and must ponder on the prior efforts in the new age of digital marketing.
In 2023, 50% of businesses are likely to boost their content marketing budgets.
Currently, social media accounts for 33% of all digital ad spending, and that percentage is expected to rise in 2023.
Around 61% of customers like to buy and are more likely to make purchases from companies that offer augmented reality services.
Seeing the trend, I think it seems the right time to adopt these points and boost your ROI drastically. If you don’t have a specialized in-house team for this purpose, you can also hire a digital marketing company that can do wonders for your business.