Nikhil Uniyal’s Post

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National Revenue Lead at Wondrlab Martech Network.

Excited to share some fresh insights on Digital Marketing and E-commerce ecosystem in India. Digital marketing experts are we ready? Apart from multiple objectives like building top funnel awareness, reaching right audience, etc. One of the most important objectives which we all are trying to drive is to find “Intent buyers” which directly impact bottom line.   Intent Buyers often refer to potential customers who are actively showing interest in buying. In digital marketing eco-system ideal place to find intent buyers are E-commerce portals where people are actively trying to search, buy, explore, and view products and services based on their needs and wants. In India E-commerce industry is led by Amazon with 40-45% market share followed by Flipkart 30-35%. Thereby for Indian marketers both these platforms are massive to add value to their bottom line. In 2023 total digital ad spend in India is close to $20.3 billion out of which only 17% is spent on E-commerce platforms which translates roughly to $3.5 billion. Predicting this to be one of the biggest upcoming trends in India. We are about to witness a tremendous growth in spends on E-commerce platforms. While reports are forecasting ad spends to reach 25% of digital pie by 2025 but it seems we will reach the number much sooner. To be optimistic we should reach there by end of 2024. With increase in spends there will be increase in data which would need dynamic analysis with help of Artificial Intelligence and Machine Learning. Data Source: - 2023 Report of eMarketer. We will soon see emergence of E-commerce Marketing Platforms and Tools.  At Wondrlab India we are future ready with some of the most advance marketing platforms and tools. #platforms #marketing #tools #trends2024 #future #technology #artificialintelligence #ecommerce #digitaladvertising #ecosystem #automation #machinelearning #ThoughtLeadership #IndustryInsights #ProfessionalGrowth   Meher Patel Vandana Verma Saurabh Varma Rajesh Ghatge Evita Montes Suffain Hapani Shaurya Ithikkat Rakesh Hinduja Siddhyesh Narkar Prakash Kolhe Wondrlab India Neon Digital Media Cymetrix

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