Last year, marketing budgets were falling as a share of revenue. This year, the drop seems to have stopped: on average, companies now spend 9โ10% of their revenue on marketing.
Spending is split between headcount and programs, with the ratio ranging anywhere from 1:1 to 1:5.
The largest share goes to digital and in-person events. MarTech consistently ranks in the top three, and marketers rate its impact higher than regular campaign spend.