article thumbnail

Five Impacts of CMO Budget Cuts – Gartner 2021 CMO Spend Survey

Webbiquity

According to Gartner’s annual CMO Spend Survey, as reported by Laurie Sullivan in MediaPost , “Marketing budgets as a percentage of revenue fell to their lowest level in recent history…Marketing budgets as a proportion of company revenue fell from 11% in 2020 to 6.4%

CMO 216
article thumbnail

Gartner: Marketing budgets slashed in 2021

Martech

Marketing budgets as a percentage of revenue fell in 20201 to “their lowest level in recent history,” analyst firm Gartner reported in The State of Marketing Budgets 2021. More predictably, CMOs reported shifting offline spend to digital channels, pure-play digital accounting for over 72% of the total budget.

Gartner 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mission Impossible: Making Hard Choices as a First-time CMO (Part 2)

DiscoverOrg

Fear isn’t a luxury the CMO can afford. Today’s CMO position – “ a minefield where many talented executives fail ” – requires the courage of conviction to survive. If you’re a first-time CMO, this goes double. But a CMO with staying power has an obligation to drive real innovation and momentum.

CMO 176
article thumbnail

Infographic: The DNA of a Modern CMO

Contently

“As the roles of marketing and the chief marketer expand, it will become critical for CEOs to ensure that they have the right person as CMO, to understand fully how customers are changing, and to become more involved in developing new marketing capabilities across the company.” The number hasn’t been this high since 2015.

CMO 153
article thumbnail

Marketing Budgets Made Up Only 6.4% of Total Revenue in 2021

KoMarketing Associates

Gartner recently published “The State of Marketing Budgets 2021” report, and research shows that marketing budgets made up 6.4% The CMO Council, in conjunction with Televerde, conducted the “Rising Above the Fray” report, which showed that most marketers (69%) intend on boosting their martech spend in the coming months.

article thumbnail

69% of Marketers Intend on Boosting Their Martech Spend

KoMarketing Associates

The CMO Council, in conjunction with Televerde, recently published the “Rising Above the Fray” report. Gartner conducted its “2020 Marketing Technology Survey: Cost Pressures Force Martech Optimization and Innovation,” and data showed that most marketers (58%) decreased their martech budget as a result of the pandemic.

Spending 292
article thumbnail

Report: Mobile Organic Search Trended Downward in Q3 2020

KoMarketing Associates

However, previous research suggests that CMOs, in particular, are not concerned about the chances of it rebounding in the future. Gartner released “The Annual CMO Spend Survey Research: Part 1,” and statistics indicated that 73% of CMOs believe that negative impact of COVID-19 will be “short-lived.”