15 Mind-Blowing Stats About Digital Trends In 2020 And Beyond

15 Mind-Blowing Stats About Digital Trends In 2020 And Beyond

Hindsight may be 20/20, but as we headinto the year 2020, our latest compilation of Mind-Blowing Stats is all aboutforesight.

Truth be told, sticking to 15 stats was downright challenging. From spending forecasts, to evolving channels and technologies, to the future of work, here are the numbers that stood out for us most in terms of digital trends in 2020—and beyond.

  1. Ad spend is set to grow 6% to $656 billion in 2020, driven in part by the U.S. presidential election and the Olympic Games. For the first time, spending on Internet ads is expected to make up more than half of all global spend. (Source: WARC)
  2. In terms of ad spend by sector, financial services will grow the most in 2020, up 11.8% to $53.4 billion, followed by household goods, set to reach $31.5 billion, up 10.5%. (Source: WARC)
  3. The top 10% of CMOs will broaden their role in the name of customer value, threading the needle between employee experience, customer experience, brand purpose, creative, and technology, and imbuing all these crucial areas with customer obsession. (Source: Forrester)
  4. Three out of four C-suite executives believe that if they don’t scale artificial intelligence (AI) in the next five years, they risk going out of business entirely. (Source: Accenture)
  5. In 2020, 83% of B2B companies plan to place “a lot” of emphasis on metrics describing what customers intend to do in the future—i.e., predictive analytics—up from just 15% in 2019. (Source: Walker)
  6. Global e-commerce sales will reach $4.2 billion in 2020, up 19% year over year and representing 16.1% of total retail sales. (Source: eMarketer)
  7. Through 2022, 75% of organizations with frontline decision-making teams reflecting a diverse and inclusive culture will exceed their financial targets. (Source: Gartner)
  8. The average person will spend 100 minutes each day watching online video in 2021, up 19%, from 84 minutes, in 2019. That’s the equivalent of watching 25 continuous days of video. (Source: Zenith)
  9. In 2021, social media will account for 16% of all global ad spend, while paid search will account for 18% of total ad spend. (Source: Zenith)
  10. By 2022, as innovation becomes synonymous with disruption, 40% of CIOs will co-lead innovation in their organizations. (Source: IDC)
  11. Ninety-four percent of businesses plan to increase their investments in voice-enabled experiences in 2020. (Source: Adobe)
  12. Chatbots leveraged for customer service have a strong potential to reduce costs, with deployments realizing annual savings for retailers of $439 million globally by 2023, up from just $7 million in 2019. That’s a 6,171% jump. (Source: Juniper Research)
  13. The number of consumer “mixed reality” app installs will reach 10 billion by 2024, rising from 3 billion in 2019. Social media and games are the key app categories that will drive adoption. (Source: Juniper Research)
  14. In 2024, 5G networks will carry 35% of mobile data traffic globally. (Source: Ericsson)
  15. As values become a bigger driver for decision-making, consumers will choose brands that align with their values and avoid those that don’t: In 2020, 25% of firms will lose more than 1% of revenue by responding poorly to a social issue. (Source: Forrester)