You are here: Home » Technology » News » Others
Business Standard

87% brands prefer digital marketing: Report

Report noted that about 10% of brands surveyed spend more than rupees one crore annually on digital marketing

Topics
Digital Marketing

Press Trust of India  |  Chennai 

87 per cent brands prefer digital marketing: Report

With increasing usage of internet by consumers, around 87% of brands are opting for digital marketing, besides television and print medium, for customer engagement and brand promotion, says a report.

The Industry Report 2016 was released by agency Social Beat in May and June 2016 with participation of 376 Chief Marketing Officers and marketing heads of various companies.

"The report highlights the rise of digital marketing, though brands continue to use television and print medium to have a 360 degree approach," Social Beat Co-Founder, Vikas Chawla said.

"While brand awareness and lead generation seem to be the primary goals, is increasingly being leveraged for customer engagement and customer service too," he said.

Social Beat Co-Founder Suneil Chawla noted that about 10% of brands surveyed spend more than rupees one crore annually on digital marketing and 50% of them spend over Rs 6 lakh annually.

Overall 20% brands plan to increase their digital marketing spends by 25% in the next financial year, he said.

Social networking site Facebook was preferred by 89% brands for taking up digital promotion, while search giant Google came second with 78%.

Around 56% of respondents preferred Twitter, whereas 51% chose LinkedIn for digital promotion, the report said.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, July 18 2016. 19:25 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU