Is Digital Marketing a Growing Industry?

Digital marketing is now a growth driver for many companies in a variety of industries. Learn more about the opportunities available in this ever-growing industry.

Is Digital Marketing a Growing Industry?

As technology continues to evolve, so does the way businesses reach their target audiences. Digital marketing is now a growth driver for many companies in a variety of industries, such as financial institutions and telecommunications companies. It has the potential to increase revenue by up to 8% over 12 months by capturing more online traffic and engaging with consumers more effectively. According to McKinsey, some financial institutions have seen up to a fivefold increase in digital sales, while telecommunications companies can reduce absolute turnover by 15 to 40 percent and retailers can significantly boost sales.

Digital marketing, also known as online marketing, is the use of digital channels such as search engines, social media, email, and other websites to connect with current and potential customers. This includes communicating via text or multimedia messages. It is often compared to inbound marketing, but it does not differentiate between “in” and “out” methods. As the Internet continues to evolve, it presents new challenges and opportunities for digital marketers. To be successful in digital marketing, there are certain technical skills that are essential.

These include keyword research, understanding ROI transparency for existing marketing activity, investing in online marketing for optimization purposes, and utilizing influencer marketing. Additionally, cloud-based deployment helps improve pricing models and establish a control center to collaborate, monitor and organize the different aspects of a digital marketing campaign. The executive functions of digital accounts within agencies have decreased by 12.4%, likely due to brands incorporating this function internally. As such, it is important for marketers to determine their company's main objectives before shaping a digital marketing strategy. This will help them make the most of real-time offerings (RTB) of online graphic advertising space and increased consumption of rich media and video ads.

Digital marketing

is an ever-growing industry that offers many opportunities for those looking to pursue a career in this field.

There are many websites that list internships in digital marketing, which can help you gain experience and decide which path you want to take. With the right skillset and knowledge of the industry, you can create effective campaigns that will help your business reach its goals.