Top 5 Marketing Trends and Predictions for 2024
Every year, we predict critical marketing trends that will impact marketing leaders. Understanding these trends will help you focus, prioritize and plan for next year.
Here are the trends in compact form. You can download the whole reporting behind the link.
No. 1: By 2025, a perceived decay in the quality of social media sites will push 50% of consumers to significantly limit their use of major platforms.
The impact: Consumer concern over GenAI spreading misinformation on social platforms remains high. Over 70% of consumers expect AI to negatively impact social channels. Many social channels have already begun to incorporate AI, which has the potential to hasten the perception of diminished quality. As a result, consumers are actively limiting their use of major platforms.
No. 2: By 2026, 80% of creative talent will use GenAI daily, allowing for more strategic work, resulting in increased spending on creative.
The impact: The use of GenAI in marketing will enable the faster development of more creative variations for hypertargeted, personalized experiences. Managing this will increase CMO spending on agency and in-house creative talent toward more strategic creative endeavors.
No. 3: By 2027, 20% of brands will lean into positioning and differentiation predicated on the absence of AI in their business and products.
The impact: As AI becomes more prevalent in marketing, addressing consumer trust and confidence issues will be a significant challenge. A segment of customers may shift their behaviors and seek out AI-free, “acoustic” brands that prioritize authenticity and ethics. Brands that embrace acoustic positioning can differentiate themselves and potentially target premium or safety-focused markets.
No. 4: By 2028, brands will see their organic site traffic decrease by 50% or more as consumers embrace GenAI-powered search.
The impact: The rapid expansion of GenAI in search engines will significantly reduce organic search traffic for brands, as individuals obtain information directly from AI-generated results. CMOs must prepare for the disruption to revenue and lead generation by adapting channel investments and focusing on conversion-focused keywords, gated content and potentially repositioning traditional channels like email.
No. 5: By 2026, 60% of CMOs will adopt measures such as content authenticity technology, enhanced monitoring, and brand-endorsed user-generated content to protect their brands from widespread deception unleashed by GenAI.
The impact: To safeguard their brands, organizations must prioritize the implementation of content authenticity measures and establish responsible-use guidelines for GenAI. The lack of existing frameworks and best practices necessitates transparency and trust-building mechanisms, compelling brands to demand clear policies from vendors and agency partners while integrating content authenticity features into technology.