Blog

Blog

img

martech

img

10 Top Marte...

10 Top Martech Trends for 2021

article img

As the world comes out of the global pandemic, one thing is clear — the way we imagine our future will no longer be the same. Marketers, specifically, struggle to get a grip on new ways to reach audiences, as uncertainty and caution dominate the market.

Most changes we are facing are predictable and rooted in history. The high rate of digitization seems unprecedented, but it isn’t. In fact, the 1918 pandemic helped foster the adoption of the telephone and the Vietnam War — a notable time of crisis — fueled the growth of television. Thus, it’s no surprise that, when tradition fails, technology takes off to support and advance industries.

With that in mind, what conclusions can digital marketers derive from the past? What technology are we paving the way for and will we use in the future? This post is a reflection of key marketing technology trends for 2021 and beyond, including the integration and benefits of martech stacks.

Introduction to Marketing Technology

Marketing technology, commonly referred to as martech, encompasses a wide array of tools and platforms designed to support and enhance marketing efforts. These powerful tools enable businesses to collect and analyze customer data, create personalized marketing campaigns, and optimize their overall marketing performance. The martech ecosystem is rapidly evolving, with new tools and technologies emerging regularly, making it crucial for marketing teams to stay up-to-date with the latest trends and developments. By leveraging the right martech solutions, businesses can gain a competitive edge, streamline their marketing processes, and deliver impactful customer experiences.

1. Focus on data privacy

Over the course of the pandemic, privacy has been among the biggest trade-offs. As lockdowns restricted populations and called for strict surveillance, people had to concede a degree of their freedom to governments in exchange for staying safe.

As a result, the general public is not into data privacy outcries. The opposite is true — 80% of Deloitte survey respondents still don’t read Terms and Conditions before accepting them. Since we own many more smart devices than ever before, data sets will continue to get richer, fueling the growth of customer segmentation and the efficiency of marketing campaigns.

However, evolving marketing technology trends bring new privacy concerns that marketers must address as they adapt their strategies to engage more effectively with audiences and comply with shifting privacy expectations.

Does this mean that modern marketer teams should stop being privacy-conscious? Not at all. With other things on their mind, regular customers might be not as concerned about where their data goes, but governments are.

The US recognized the need for privacy legislation as a “security imperative.” China has long been first on the ball in limiting the reach of corporate data gathering. The Personal Information Protection Law requires the biggest local tech players — WeChat, Taobao, and others — to form independent committees for monitoring data processing.

For marketers, the tightening of regulatory grip sets several vectors for reflection:

– Finding alternatives to cookies and other types of behavior-tracking that regulators are likely to disable.
– Strengthening data storage security to protect sensitive information from attacks.
– Assembling technology for data processing and analysis to make the most out of insights available, rather than asking users for redundant information.

2. Increased demand for chatbots

Automation has been riding high since the start of the pandemic. With the need to protect residents and employees, governments and businesses turn to technology for handling tasks like customer support, product shipping and delivery, and more.

In marketing, chatbots are the pinnacle of automation. Interactive chatbots on platforms like Facebook Messenger play a crucial role in enhancing customer engagement. Statistically, by 2022, AI and learning systems will become among the driving forces of customer relationship management — the projected market value is expected to reach $77.6 billion.

The US is expected to have the highest share in conversational AI adoption while Pacific Asia will likely lead the race for the fastest adoption rate. Marketers and business owners will deploy chatbots to cover a wide range of tasks, including:

– Customer communication, specifically in fields that carry the burden of the pandemic — healthcare and education.
– Consulting, estimating, and planning in finance and banking — chatbots will be able to accurately project service costs and mitigate objections.
– Internal communication and operating cost reductions — chatbots are expected to cut operating expenses by 30%.

3. Voice technologies are on the rise

For the rest of the year and beyond, voice recognition will disrupt industries. Natural language processing will empower a wide range of applications, from virtual assistants to enabling telehealth and convenient customer support.

Business owners, marketers, and customers unanimously agree on the benefits of adopting voice recognition:

– Making marketing interfaces faster and more intuitive to facilitate digital transformation and increase decision-making speeds in B2B.
– Higher customer engagement; dynamic and personalized customer journeys.
– Streamlined research and data analysis fueled by the adoption of voice-to-text transcription tools.
– Improved sanitation — 31% of users recognize the benefit of not having to touch high-traffic surfaces brought forth by the adoption of voice technology.

Predictive analytics further enhances decision-making by anticipating customer behavior, enabling hyper-personalization, and improving overall marketing effectiveness.

While the path for voice technology adoption in marketing and other industries continues to be paved, the road will not be without its bumps. Security concerns for passive listening and privacy are dominant among users, according to the Microsoft Intelligence Team.

4. Video chat tools integrate deeply into sales and marketing

The shift to remote work, education, shopping, and other processes has exposed the need for efficient and scalable video communication.

The teams behind conferencing tools like Zoom or Skype faced unseen challenges — high traffic flows, security concerns, and the need to extend the infrastructure beyond enterprises, becoming a reliable backbone for vital industries like e-learning and telehealth.

Effective data flow is crucial in unifying marketing technology stacks to eliminate operational silos and enhance collaboration. Integrating tools to create a seamless experience allows for efficient data sharing and decision-making, improving overall campaign performance and customer engagement.

As a result, we are going through 2021 with higher-capacity digital tools than those teams have ever seen before. Marketers should and will take advantage of improved quality, reduced resource consumption, and lower prospect resistance to video communication.

Specifically, we leverage video conferencing to accomplish the following:

– Create high-engagement customer interactions, for example, personalized Zoom conferences, virtual meetups, etc.
– Reach wider audiences: streaming or hosting events online helps marketing teams transcend distance and improve exposure.
– Adjust internal communication policies and adapt decision-making to the constraints of video conferencing.

It is not far-fetched to imply that the growth of real-time communication could, to an extent, rival traditional ways to share video content — social media, streaming platforms, and others. The key reason is that, over time, customers will fight the resistance to proactively join discussions — and most will prefer active interactions over passive forms of engagement.

5. Growing demand for social media marketing

The growth of social media marketing on various social media platforms has been setting trends in marketing technology for years — and 2021 has been no exception. The playbook that marketers previously used to connect with audiences has changed, introducing unique tendencies:

Key objective of social media — customer acquisitionAccording to a Hootsuite report, almost 75% of marketers ranked social media as their top customer acquisition channel. Teams see engaging experiences as a cost-efficient and effective way to drive customer acquisition.

Less is more: brands need to learn to keep their ‘distance’Through the course of the pandemic, people turned to social media to find meaningful conversations and support workplace interactions. Hoping to primarily connect with each other, many were annoyed with interference caused by branded posts.

That’s why conscientious marketing teams shifted their focus to customer support and valuable content instead, aiming to become a seamless presence for their communities.

Using social data for prospecting and data gatheringThe pandemic contributed to the collapse of multiple traditional customer acquisition tools, like events or face-to-face meetings. To keep connecting with new leads, marketers started to rely heavily on social media data.

In 2021, integrating social media data sets into CRMs and BI tools has been one of the most popular current trends in marketing technology, as it helps teams to proactively anticipate customer needs and predict market fluctuations. Leveraging first-party data for precise audience targeting has become essential, ensuring compliance with privacy regulations and fostering trust through personalized consumer interactions.

6. Martech consolidation

In the discussion of latest technology trends in marketing one should pay attention to the exponential growth of tools that are being continuously shipped to the market. Where, in 2014, there were less than 1,000 martech products available, now teams can rely on over 8,000 solutions.

The need for new marketing technology stems from rapid market changes. In 2020, we saw, time and time again, how important a reliable stream of real-time data is to teams and end-users.

Data integration is crucial in creating effective martech ecosystems, enabling businesses to convert disparate data into a unified format and make data-driven decisions.

As marketing teams shifted to remote work, the need for workflow streamlining tools has also surged. Team leaders have had to find platforms that eliminate bottlenecks in brainstorming, inefficiencies in content management, and gaps in both internal and cross-department (e.g. marketing and sales) communication.

Out of the top martech trends, the one that will persist through the year is the need to unite the martech stack. The number of integration marketing automation tools provided will be an important selection criterion since it’s more crucial than ever for marketing teams to achieve seamless integration, see the bigger picture of the market, as well as the impact of each campaign.

7. Deeper personalization of customer experiences

In 2021, marketers will keep seeing hyper-personalization as a new trend in marketing technology, with customers taking tailored experiences for granted and expecting brands to understand their wants, needs, and concerns.

AI-driven hyper personalization is emerging as a transformative marketing strategy that leverages real-time data and AI technology to tailor customer experiences, ensuring relevance and competitive advantage in a fast-evolving digital landscape.

In fact, the pandemic strengthened people’s longing for human interactions and fortified the belief that brands and marketing organization leaders should prioritize connection over efficiency.

Luckily, marketers are not short on tools that help enforce hyper-personalization. Over the next 2-3 years, we can expect a widespread integration of the following solution types in the martech stack:

– Recommendation engines that predict a prospect’s needs based on behavior data.
– Dynamic pricing tools that adapt the offer to a customer’s needs and marketing budgets.
– Service chatbots that rely on deep learning to mirror a customer’s tone of voice and help build trust.
– Databases and AI tools that help manage customer interactions across different platforms.
– Personalized real-time notifications that help marketers reach customers in the right place at the right time.

8. ‘No-Code’ Era

Forecasts predict a bright future for no-code and low-code apps. According to Gartner, 65% of all apps developed by 2024 will be ‘no-code’ or ‘low-code’ products. Driven by the need to build products quickly and cut operating costs, teams look for ways to bypass the need for hiring.

Another trend contributing to the development of no-code is the widespread talent shortage in IT. Statistically, hiring a software engineer takes over a month — while teams are struggling to close job openings, they risk missing out on lucrative opportunities.

In addition to no-code solutions, integrating specialized tools within a marketing technology stack is crucial. These tools, such as customer service platforms or recommendation engines, enhance customer engagement and improve operational efficiency.

In the future, no-code marketing industry trends will have a wide range of applications, namely:

– Helping project managers streamline workflows.
– Building custom workflow automation tools.
– Reducing the time needed to develop a full-fledged martech platform (statistically, no-code development practices cut time-to-market by 90%).

9. Data analytics will be a top priority

If 2020 was the year of pivoting, forcing companies to move away from brick-and-mortar stores and in-person workflows to digital infrastructures, the key objective for 2021 is to find your niche and customer base in an increasingly competitive market.

How can teams gain a competitive edge in a cutthroat fight against competitors? Data analytics is the key strategy to embrace and leverage. Collecting data is crucial for building an effective marketing tech stack. According to Deloitte, marketers can take control over their activities by designing robust customer data platforms.

These tools will aggregate insights from all available sources (website, social media, email) and process them to give marketers a bigger picture of what audiences expect and ways to meet these expectations.

Generally, data analytics in marketing will have a predictive property, anticipating needs and concerns rather than reacting to them. To that end, teams deploy a wide range of tools, including:

– Social sensing platforms.
– Social CRM ecosystems that help discover and manage agreements with influencers.
– Event processing and simulation tools for prescriptive analytics (a way of analyzing the problem and answering the question: “What should be done?”).
– Campaign efficiency monitoring software that captures and processes email, content, and social media marketing metrics, enabling data driven decisions.

10. Mobile-First Indexing

Google’s shift to mobile-first indexing is no surprise — in fact, the Google development team announced it back in 2016. The rationale behind the decision stemmed from the fact that most users choose smartphones for Googling, thus, it makes no sense to prioritize desktop page versions for indexing.

As businesses increasingly seek specialized tools within their marketing technology stacks, the importance of search engine optimization in digital marketing strategies cannot be overstated.

In March 2021, Google moved all websites to mobile-first indexing. The shift has drastic implications for marketing teams, namely:

– Mobile-friendliness will be among the key factors that determine a website’s SEO ranking.
– Marketers need to make sure they provide uniform mobile and desktop experiences.
– Page speeds stay relevant for mobile-first indexing, as confirmed by the development team in 2017.

Marketing Automation Tools

Marketing automation tools are an essential component of any martech stack, enabling businesses to automate repetitive marketing tasks and provide personalized customer experiences. Platforms like Marketo and HubSpot offer a range of features, including lead scoring, nurturing, and analytics, which help businesses optimize their marketing campaigns and improve customer engagement. By automating tasks such as email marketing and social media posting, marketing teams can focus on more strategic activities, ultimately driving conversions and enhancing customer interactions. Leveraging marketing automation tools not only boosts efficiency but also ensures that customers receive timely and relevant communications, fostering stronger relationships and loyalty.

Content Strategy

A well-designed content strategy is vital for effective marketing, as it involves creating and distributing valuable, relevant, and consistent content to attract and retain a clearly defined audience. Aligning content strategy with business objectives and customer needs is crucial, and staying abreast of the latest trends in digital marketing can provide a competitive edge. By utilizing natural language processing and machine learning algorithms, businesses can optimize their content creation and delivery processes, ensuring personalized customer experiences. This approach not only enhances customer engagement but also helps in building trust and loyalty, ultimately driving business growth.

Future of Marketing

The future of marketing is rapidly evolving, with new technologies and trends emerging regularly. One of the key trends shaping the marketing world is the use of artificial intelligence (AI) and machine learning (ML) to optimize marketing campaigns and provide personalized customer experiences. Additionally, the increasing importance of customer data and customer data platforms (CDPs) is transforming how businesses support their marketing efforts. By leveraging these trends and technologies, businesses can stay ahead of the competition, drive growth, and deliver impactful customer experiences.

Generative AI is set to revolutionize content creation, personalization, and design innovation, enabling businesses to create more effective marketing campaigns. As third-party cookies are phased out, the use of first-party data will become increasingly important, requiring businesses to adapt their marketing strategies to prioritize customer trust and user privacy. The significance of well-designed websites and martech ecosystems will continue to grow, as businesses strive to provide consistent customer experiences across all touchpoints. Ultimately, the future of marketing will be shaped by the intersection of technology, data, and customer experience, and businesses must be prepared to adapt and evolve to remain competitive.

Importance of Using New Technologies in the Marketing Industry

According to Martec’s law, organizations tend to change at a considerably slower pace than technology does; however, in the case of economic turbulence, the two tend to catch up in order to navigate the uncharted territory of change.

We saw how the latest marketing tech trends helped teams gain a competitive edge throughout 2020. By the end of last year, the benefits of integrating technology into marketing benefits were clear and non-negotiable. Aligning marketing strategies with specific business goals ensures that technology and strategies are customized to fit each company’s unique needs.

Specifically, marketing teams linked the implementation of technology to:

– Improved ROI and productivity. As soon as teams were ready to invest and commit to digitizing marketing, they discovered the impact martech has on increasing efficiency — sales productivity improved by 14.5%, marketing overhead dropped by over 12%.
– Higher priority on system integration. Contemplating the idea of building a martech stack encouraged teams to unite workflows and processes in large-scale umbrella tools. By connecting all platforms they use via custom or built-in integrations, teams can see the impact of their efforts clearly, easily track sales pipelines, and streamline internal workflows.
– Being able to work with the full customer journey. Martech tools provide visibility into customer-brand interactions on each stage of the sales pipeline: from discovery (analyzing on-site behavior, generating personalized offers, etc.) to retention and loyalty programs (real-time support, gathering and monitoring feedback).
– Merging marketing with other operations. Marketing technology helps teams derive insights from the work done across the organization. Through project management platforms, they can collaborate with product developers and offer helpful suggestions on improving the interface and user experiences. CRMs give marketers insight into strategies salespeople rely on and requests customers share with customer success teams. This data is tremendously useful when planning content, segmenting audiences, or prioritizing distribution channels.
– Remains relevant among the competition. Through martech adoption, teams increase the speed of decision-making. Leveraging real-time customer feedback helps marketers quickly prototype new offers and adapt to changing needs and expectations. Another way to gain a competitive edge through martech integration is by leveraging added productivity and cost reduction fueled by the introduction of no-code platforms and automation tools.

Since our team focuses on helping marketers integrate technology into their processes, we are carefully watching the martech industry trends. At WTT Solutions, we believe that, in the future, martech will become even more impactful, with teams using dozens of tools to streamline processes.

Our team already contributes to fostering martech innovation. For one, we helped optimize Pitch59  — a platform that helps business owners and salespeople streamline pitching. By publishing minute-long elevator pitches on Pitch59, team leaders can discover networking opportunities, attract referrals, and raise product awareness.

Our team improved campaign performance via SQL query optimization and reduced the application size to 2 MB. These technical tweaks made the platform more accessible and helped users save time when uploading elevator pitches.

Our Experience

Since our team focuses on helping marketers integrate technology into their processes, we are carefully watching the martech industry trends. At WTT Solutions, we believe that, in the future, martech will become even more impactful, with teams using dozens of tools to streamline processes.

Our team already contributes to fostering martech innovation. For one, we helped optimize Pitch59  — a platform that helps business owners and salespeople streamline pitching. By publishing minute-long elevator pitches on Pitch59, team leaders can discover networking opportunities, attract referrals, and raise product awareness.

Our team improved performance via SQL query optimization and reduced the application size to 2 MB. These technical tweaks made the platform more accessible and helped users save time when uploading elevator pitches.

Final thoughts

In 2021, it became apparent that integrating technology into marketing is no longer optional. With businesses going digital and teams switching to remote work, the need for a reliable tech infrastructure is now more pronounced than ever. Unified martech stacks enhance operational efficiency by centralizing data and integrating workflows, which facilitates cross-departmental collaboration and ensures that marketing strategies align with broader business goals.

In the future, the approach to anticipating audience needs and customer communication will be even more proactive, with predictive marketing taking the lead. Most marketing workflows will be heavily automated, supported by chatbots and no-code apps, fostering meaningful customer experiences through advanced personalization and ethical data practices.

To make sure your company stays relevant amidst an ever-changing marketing landscape, it’s important to build a flexible marketing technology stack. At WTT Solutions, we carefully analyze business objectives and rely both on historical data and experience to build a scalable martech stack for all-scale companies.

Discover which tools your team needs to reach its peak efficiency — get in touch with our team by filling the form in the top right corner of this page!

FREQUENTLY ASKED QUESTIONS

+

What are marketing technology tools?

There are several popular marketing tool types: data analysis and business intelligence tools, automation and workflow management platforms, customer engagement platforms, and marketing collateral creation platforms.
+

What minimum martech stack should a company have?

We recommend limiting your list of tools to the following software types: Content management system (CMS); Customer relationship management (CRM) software; Analytics and reporting tools; Marketing and sales funnel designer platform; and SEO tools.
+

What challenges can I come across when integrating a martech stack into my business?

The key challenges teams commonly deal with are a steep learning curve, costly upfront investments, and the lack of centralized infrastructure that unites all martech tools into a single platform.
+

How long does it take to design a martech stack for my company?

Depending on the range of features, degree of customization, and number of tools you want to include, estimates will vary between a few weeks to 5-6 months. To build a precise martech integration timeline for your project, consult our team.
TOP 5 POSTS
img

Hi, I’m Serge!
CEO & Co-founder at WTT Solutions
Do you have a new project? Or want to say "Hello"...

Here’s how you can get in touch

img

would you like to receive notifications about our updates?

icon

Your subscription is confirmed.
Thank you for being with us.