Marketers strain to juggle media budgets, AI and high expectations from CEOs
Marketing budgets remain largely unchanged, with chief marketing officers facing the challenge of balancing investments across media, creative, and AI initiatives, as highlighted by Gartner's latest CMO Spend Survey. Advertisers are currently allocating an average of 7.8% of company revenue to marketing, reflecting a minimal increase from the previous year. This trend indicates a shift towards a more stable budgeting environment following the pandemic's spending surge.