Are digital marketing agencies saturated?
It is no surprise that these days everywhere we look, the digital agency is everywhere. The market is very demanding and the agency is highly saturated. Most of the IT companies, 100 out of 80 provide digital marketing services as their primary/ secondary services.
Is digital marketing a booming industry?
Different organizations in India are discovered battling with development rates of 5\% to 10\% while the digital marketing industry in the nation is booming with a development rate of 40\%. These numbers set forward the point that there is a 25\% growth rate of digital marketing in India, consistently.
How big is the digital marketing agency industry?
Digital Advertising Agencies in the US – Market Size 2005–2027
| $19.8bn | Digital Advertising Agencies in the US Market Size in 2021 |
|---|---|
| 6.2\% | Digital Advertising Agencies in the US Market Size Growth in 2021 |
| 11.6\% | Digital Advertising Agencies in the US Annualized Market Size Growth 2016–2021 |
Is Smma saturated?
If you listen to any Social Media Marketing Agency (SMMA) guru these days, they always recommend the same old niches: gyms, restaurants, dentists, and general real estate firms. While these are great niches, they’re becoming saturated prospects to go after. Dozens of SMMA gurus on YouTube all recommend the same thing.
Is Digital Marketing saturated in India?
According to a combined study of CII and KPMG, India’s digital advertising industry is growing at 33.5 percent (CAGR) and by 2020; its value will surpass the Rs. 255 billion marks.
How competitive is the digital marketing industry?
According to PwC, online ads account for around $100 billion in 2018, making it the largest part of the U.S. advertising market in the U.S., about $30 billion larger than the TV ad market. It is projected to grow much faster than the TV market too, 7.7\% versus 1.3\% over the next 5 years.