As we reflect on the past year's digital marketing landscape, it's evident that the future of marketing is unrelenting, with new trends and technologies emerging at a breakneck speed. In the spirit of tradition, we return with our annual predictions, armed with insights and foresight, to chart the course for the future of marketing in 2024.
In case you’re a rookie reader of the WSI blog, we make five digital marketing predictions for the year ahead of every year. We’ve been doing this since 2014 (check out our posts from 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, and 2023), so we’ve got a little bit of experience with this fortune-telling thing 😀. Here’s the scorecard we created to help determine how well we did (we've been rocking the below scoring matrix since 2014):
- Oracle (+2) – when we’re so right, it’s like we channeled that nice lady from The Matrix
- Oracle In-Training (+1) – we didn’t quite see the whole picture, but hey, we still saw the future
- Clear As Mud (0) – we weren’t right, but we weren’t wrong, either
- Just A Bit Outside (-1) – we tried to paint the corner of the plate, but we didn’t get the call (I'm a big baseball fan)
- Swing And A Miss (-2) – we took a swing at it, but we weren't even close
Before we grant ourselves the right to make more prognostications (wow - say that five times fast), let's grade last year’s predictions and see how we did. Here’s what we said would happen in 2023:
#1: Twitter Won’t Be the Same—It May Not Even Exist
Grade: +1
Twitter indeed underwent significant changes in 2023, but rather than vanishing, it transformed. The platform pivoted its business model, shifting toward subscription services and enhanced user verification methods. While it didn't collapse, the Twitter of 2023 (or should we say "X") is markedly different from its predecessors, so we’ll take one point.
Only one, though, because we did go as far as saying that a replacement for Twitter would emerge and that just hasn’t happened. Sure, Bluesky, Mastodon, and Threads all had their moments in the sun, but Twitter/X is still very much the go-to platform to be “in on the conversation.”
#2: More Mainstream Business Opportunities for Web3 Will Emerge
Grade: +1
While it might seem like Web3 all but disappeared over the last two years, we actually think it quietly cemented itself as a cornerstone for innovative business practices in 2023 and is poised for a comeback in 2024. We’ll only take one point for this prediction, but with decentralized finance (DeFi) and NFTs solidifying themselves as everyday terms and companies like Microsoft and Disney expanding into the realm, there’s just no way anybody can argue Web3 isn’t something that’s becoming more mainstream as we head into a New Year.
#3: Zero-Click Content Will Continue to Gain Steam
Grade: +2
This was a home run prediction, as zero-click content took center stage in 2023, with brands learning that value upfront drives engagement just as effectively as traditional CTAs. This approach led to a noticeable increase in brand trust and customer loyalty. And with posts like these appearing on top industry blogs in 2023, we think it’s pretty safe to say zero-click content is (or should be) on every marketer’s mind as we head into 2024.
#4: More Companies Will Outsource to Digital Agencies
Grade: +1
Economic uncertainties prolonging themselves into 2023 prompted companies to lean on the expertise of digital agencies more than before. Agencies saw a surge in clientele seeking specialized marketing services to navigate the complex digital waters efficiently and to keep the inbound marketing tap turned on amid the tail end of the pandemic. It’s hard to find exact stats on this, so we’ll only give ourselves one point, but we’re in the business, so we feel like we know what’s what.
#5: Companies Will Try to Tap Into Their Employees
Grade: +1
Brands began tapping into their most valuable resource in 2023—their employees. By equipping staff with the tools and incentives to become brand advocates, companies saw a marked improvement in organic reach and authenticity in their messaging. There’s not a ton out there to prove ourselves on this one either, but we did find one report that states employee brand advocacy programs grew in 2023 and will continue to skyrocket in 2024, so again, we’re feeling good about a single-pointer here.
Final Score: +6
With a commendable score of +6 and not an outright wrong prediction in the bunch, we think we did pretty well in 2023!
Our 5 Marketing Predictions for 2024
So now, let's turn our gaze to the future, proposing what we believe 2024 holds for the digital marketing world:
#1: Short-Form Video Content Remains Dominant
Short-form videos have taken the digital world by storm, captivating users with their bite-sized and visually engaging content. In 2024, this trend is set to continue, but with a twist. These short videos will undergo further transformation, incorporating innovative interactive elements that will revolutionize the way users engage with the content.
Platforms like TikTok, which have already gained immense popularity, will play a central role in this transformation. They will go beyond just entertaining users by continuing their integration of eCommerce features directly into their content. This integration will blur the lines between entertainment and shopping, creating a seamless experience for users. Imagine watching a captivating video and being able to click on a product featured in the video to purchase it instantly. This game-changing advancement will reshape the way individuals interact with content and make purchase decisions.
The seamless integration of eCommerce into short-form videos will have significant implications for businesses and marketers. It will provide an avenue for brands to showcase their products and engage with their target audience, enabling brands to leverage the immersive and captivating nature of short-form videos to drive sales and boost brand visibility.
For users, this development will create a more convenient and personalized shopping experience. They will no longer have to navigate through multiple platforms or websites to make a purchase. Instead, they can seamlessly transition from watching a video to making a purchase within the same platform. This streamlined process will save time and effort, ultimately enhancing the overall user experience.
That's why we predict that as we enter 2024, it's clear that short-form videos and their integration with eCommerce will continue to dominate the digital marketing landscape. So, brace yourself for a year filled with captivating videos that not only entertain but also inspire you to shop with just a click.
#2: AI Becomes Your Go-To Tool
The increasing prevalence of AI-generated information is likely to drive a significant change in how consumers seek out information. Traditional search engines like Google may see a decline in user traffic as consumers pivot more and more toward embracing AI tools such as ChatGPT to answer their questions. This shift signifies a growing trust in artificial intelligence to curate and deliver relevant content.
With AI tools like ChatGPT, Bing AI, and Perplexity, users can ask questions and receive responses that are curated based on the most up-to-date and relevant information available. These tools use advanced algorithms and machine learning techniques to analyze vast amounts of data and provide accurate answers in real-time, right within the "search" window. This level of accuracy, efficiency, and convenience is something that traditional search engines may struggle to match.
As a result of consumers continuing to embrace AI tools, traditional search engines may experience a decline in user traffic. However, this does not necessarily mean that search engines will become obsolete. Rather, they may need to adapt and incorporate AI technology into their algorithms to remain competitive in the evolving digital landscape. In fact, we're already seeing this with Google's launch of Gemini and Microsoft's deepening relationship with OpenAI (the parent company of ChatGPT).
Overall, the increasing prevalence of AI-generated information and the growing trust in artificial intelligence signifies a significant change in how consumers seek out information. This shift not only highlights the advancements in AI technology but also emphasizes the importance of accurate and personalized information in the digital age.
#3: The Way We Search is Changing (Voice & SGE)
In 2024, the continual rise of smart speakers and voice assistants will reshape how businesses prioritize voice search optimization. As technology continues to advance, SEO strategies are adapting to cater to the increasing number of conversational queries made through voice commands. In response, content creators are focusing on crafting valuable and relevant information that directly addresses spoken questions, ensuring that users receive the most accurate and helpful responses.
But the evolution of search doesn't stop there. Another game changer on the horizon is the concept of Search Generative Experience (SGE). With SGE, users will no longer be limited to static search results displayed on a screen. Instead, they will experience a more dynamic, fluid, and conversational interaction with search engines. This shift will enable a seamless exchange of information, allowing users to engage in natural conversations with search engines as if they were interacting with a knowledgeable assistant.
Imagine asking a search engine a question and receiving a detailed response that not only provides the desired information but also engages in a meaningful dialogue, asking follow-up questions to better understand your needs and preferences. This interactive and personalized experience will revolutionize the way we search for information, making it more intuitive, efficient, and tailored to the unique needs of each individual user.
The rise of smart speakers and voice assistants, coupled with the advent of Search Generative Experience, signifies a significant shift in the search landscape. It's no longer just about finding data; it's about creating an immersive and personalized search experience that goes beyond providing information to truly understanding and catering to the unique needs and preferences of each individual user.
As businesses continue to adapt their SEO strategies to prioritize voice search optimization and embrace the capabilities of Search Generative Experience, they will be able to connect with their target audience in a more meaningful and personalized way. By understanding and addressing the spoken queries and needs of their customers, businesses can enhance their visibility, credibility, and, ultimately, their success in the digital landscape of 2024 and beyond.
#4: Customer Service Becomes More AI-Driven
AI is revolutionizing the way businesses interact with their customers, and this transformation is only set to accelerate in 2024. With the increasing prevalence of chatbots and AI assistants, companies are moving away from traditional customer support models and embracing intelligent systems that streamline communication and enhance efficiency.
These AI-powered chatbots and assistants are designed to provide instant responses and solutions, offering real-time engagement and personalized assistance. By leveraging advanced algorithms and machine learning techniques, these intelligent systems can understand customer queries and provide accurate and helpful information in a matter of seconds.
One of the key advantages of AI-driven customer service is its ability to handle a large volume of inquiries simultaneously. Unlike human agents, who may be limited by their capacity to handle multiple conversations at once, AI assistants can efficiently manage numerous customer interactions without compromising on quality or speed. This scalability allows businesses to provide prompt and effective support to their customers, even during peak times.
In addition, AI-powered customer service can significantly reduce costs for businesses. By automating routine inquiries and tasks, companies can free up their human agents to focus on more complex and high-value activities. This not only improves the efficiency of customer support operations but also enables businesses to allocate their resources more effectively.
However, it is important to note that while AI-driven customer service offers numerous benefits, it should not completely replace human interaction. There will always be cases where customers require the empathy and understanding that only another human being can provide. Therefore, businesses should strive to strike the right balance between automated assistance and human support, ensuring that customers receive the best possible experience.
#5: The Physical and Digital Worlds Converge
Augmented Reality (AR) and Virtual Reality (VR) will reshape the online and offline experience gap. Brands will create virtual showrooms, enabling customers to explore and interact with products in a simulated space, transcending physical limitations. This trend emphasizes immersive experiences, from virtual product launches to interactive storytelling, fostering a more engaging customer journey.
By incorporating AR and VR into their marketing strategies, brands can create captivating experiences that allow customers to fully immerse themselves in the world of their products. Imagine being able to try on clothes virtually, test out home decor items in a virtual living room, or even experience a virtual vacation before booking. These immersive experiences not only provide entertainment but also address real-world challenges by enabling consumers to experience products in a more realistic and personalized way.
The integration of AR and VR not only provides entertainment but also addresses real-world challenges, allowing consumers to experience products before making informed decisions. As we enter 2024, the use of AR and VR in marketing strategies is set to become even more prevalent, revolutionizing the online and offline experience gap and transforming the way we shop.
How AI Will Change the Future Of Marketing
AI is set to revolutionize marketing by enabling unprecedented personalization and efficiency. It allows for highly tailored campaigns by analyzing vast datasets, ensuring that content resonates on an individual level. AI-powered tools such as predictive analysis help forecast trends and customer behaviors, enhancing decision-making and targeting strategies. Additionally, AI provides deep insights into customer sentiment and preferences by analyzing feedback from various sources. Automation of marketing processes, including email campaigns and social media management, increases efficiency and frees up marketers to focus on creative and strategic tasks. Overall, AI enhances engagement, improves ROI, and improves the customer experience. Our AI Consulting Services can assist with anything AI-related during this new era of emerging technologies.
How Will Digital Marketing Change in the Future
As we stand on the cusp of 2024, these marketing predictions are the result of much gazing into our crystal ball and pondering what’s to come in the rapidly evolving digital marketing world in the near future. As avid bloggers in the field, we understand the excitement and uncertainty that comes with predicting the future. While we cannot guarantee that our predictions will be 100% accurate, we are always eager to learn more about the ever-changing landscape of digital marketing.
As technology continues to advance, new trends and strategies emerge, reshaping the way businesses connect with their target audience. It is our mission to stay ahead of these trends and provide valuable insights to our readers. So stay tuned for more valuable content as we navigate the rapidly evolving digital marketing landscape together, and reach out to our team of Digital Marketing Experts for advice!
And lastly, from our WSI family to yours, we wish you a prosperous year ahead filled with breakthroughs and success in all your digital marketing endeavors. Happy holidays, and here's to a transformative New Year! 🍾Contact WSI for more information on the future of marketing, or receive a free AI Business Insights Report today.
