The Future of Performance Marketing: Key Trends Shaping 2024 [Infographic]
Performance marketing encompasses digital advertising tactics that allow brands, including digital marketing agencies, to connect with target audiences across channels and track engagement in real-time.
Popular techniques include search, social, email, and affiliate marketing. With precise audience targeting and measurable results, performance marketing enables maximum return on ad spend.
The infographic we prepared below explores the vital components of a successful performance marketing trends and strategy. It covers the top channels, ad formats, and how to set up and optimize data-driven campaigns.
You’ll learn how artificial intelligence is transforming predictive analytics to boost performance. As voice search gains adoption, brands must optimize for spoken keywords. Personalization also remains critical for relevance.
The infographic also outlines emerging trends in 2024 that will shape the future of performance marketing. This includes the rise of native advertising, social search, and enhanced privacy regulations.
By the end, you’ll understand the benefits of performance marketing and why businesses are increasingly embracing these audience-focused tactics. With strategic implementation, brands can engage consumers contextually across touchpoints while continually improving campaign results.
Ready to elevate your business success through performance marketing?
Connect with our industry experts for insights that can transform your strategies!
Over 75% of marketers say performance marketing initiatives directly impact sales. In 2020, the global digital advertising market reached $350 billion and is expected to grow to $786 billion by 2026 as more brands shift budgets to performance models with measurable ROI.
Performance Marketing Channels
- Native advertising
- Affiliate marketing
- Social media marketing
- Search engine marketing
- Mobile advertising
- Email marketing
Performance Marketing Ad Formats
- Video and CTV
- Programmatic media buying
- Display advertising & programmatic display advertising
How Performance Advertising Works?
Define Performance Goals —> Target Audience —> Choose Advertising Channels —> Create Ad Content —> Set Bid and Budget —> Launch Campaign —> Track Performance —> Optimize Campaign
Performance Marketing Trends 2024
1.Leveraging Predictive Analytics & AI
Real-time campaign optimisation and data-driven decision-making will be possible for businesses thanks to AI-powered predictive analytics.
Global market for AI in marketing will reach $107.4 billion by 2028, up from $27.4 billion in 2023.
Professionals may predict consumer behavior and optimize marketing plans with the use of artificial intelligence technologies, increasing their efficacy.
2. Optimizing for Voice Search
The voice recognition market could hit $26.8 billion by 2025.
A SkyQuest survey projects that the speech and voice recognition industry will reach a valuation of $53.94 billion by 2030, growing at a compound annual growth rate of 24.4% from 2023 to 2030.
The emergence of voice search and its consequences for search engine optimization (SEO) will be another important trend in 2024.
3. Personalization
Customers want brands to know who they are.
Personalization is valued and appreciated by 93 percent of businesses.
79% of those in the retail industry are investing in personalization tools, which is more than any other industry.
4. The Growth of Native Advertising
Native advertising will increase by over 370% between 2020 and 2025.
Native ads will account for 59.7% of total display ad spend in 2023. Going forward, Brands will spend an estimated $38.3 billion on native ads each year.
5. Social Commerce Gains Traction
40% of Gen Z is using TikTok and Instagram for search instead of Google
49% of consumers say they’ve discovered the perfect product from a targeted social media ad
15% of consumers prefer to search on social media over search engines.
6. Privacy Regulations Tighten
In 2024, as concerns about data privacy and security grow, digital marketers will need to adjust to more important laws and consumer demands.
There were 1,404 publicly disclosed data breaches in 2023, exposing nearly 6 billion records. Specifically, the number of breached records in 2023 reached 5,951,612,884.
Benefits of Performance Marketing
- Audience-specific
- Maximum return on investment
- Highly flexible
- Discover New formats
- Track Results
