B2B Advertising and Marketing Outlook for 2023: Challenges and Opportunities
Looking Back at 2022
Key Data Points
- Total US Ad and Marketing Media Spend (2022): $49.92 billion (16.8% YoY growth).
- B2B Offline Media Marketing Spend (2022): $34.1 billion (41.7% growth).
- Digital Out-of-Home and Online Media Marketing Spend (2022): $15.8 billion.
- M&A and Investment Activity (2022): Total deal value of $144.2 billion (down 61.3% YoY), volume of deals decreased by 18.7%.
- B2B E-commerce Revenue (2023 Forecast): $1.9 trillion (10.8% growth), reaching $2.5 trillion by 2026.
- ABM Budget Increase (2022): 47% of B2B marketers increased their ABM budgets.
- Performance Marketing Spend (2022): $4.1 billion, representing 8.3% of total B2B marketing spend.
- B2B Video Spend (2023 Forecast): $9.9 billion (3.6% YoY growth).
These trends indicate a mixed outlook for B2B advertising and marketing in 2023, with both challenges and opportunities.