The B2B marketing ecosystem has completely changed with digitization. The market is expected to reach $28 trillion by 2024. The days of single marketing channels are gone and the importance of multi-channel marketing is a must for every business.
There is a massive shift in the purchasing intent of the buyers in the post-pandemic sales environment. Online spending by B2B buyers has increased over time. So your team’s marketing efforts should match the new customer expectations.
Further, the evolution of AI and automation has also impacted the industry. A data-driven marketing approach is mandatory for scaling your business and steady growth.
This blog post shares B2B marketing statistics, trends, and insights for better decision-making. These stats can also help you in growing competition to meet business objectives.
Top b2B Marketing Statistics
Article Summary:
“B2B marketing strategies require solid teamwork. The impact of B2B sales campaigns can be increased by following the latest trends and adding automation to the existing workflow. The evolution of AI has been game-changing and B2B businesses are investing in them.”
B2B Marketing Trends
B2B businesses are adapting to the latest marketing trends to stay in the race. From improving user experience to mobile-friendly marketing, there is a lot of reliance on digital channels. Here are some B2B marketing trends you should be aware of:
- 90% of the B2B buyers are willing to make purchases from the same vendor if they get a positive mobile experience. (Source: Think With Google1)
- In-person selling is becoming less popular with time as more than 64% of buyers prefer digital B2B channels over traditional ones. (Source: Oroinc2)
- More than 80% of B2B buyers use mobile phones throughout their buying journey. (Source: Sellers Commerce3)
- The average SaaS churn rate is 4.79%. (Source: Recurly4)
General B2B Marketing Statistics
B2B marketing is an essential thing to invest money for keeping a consistent customer flow. Despite challenges like competition, data privacy regulations, and high costs, businesses still focus on it for growth. Here are some general B2B marketing stats that will give the necessary understanding.
- B2B marketers use 18 data sources on average for reporting. (Source: Salesforce)
- Conversion rate is the most significant metric to evaluate content performance. (Source: Content Marketing Institute)
- Almost 74% of B2B marketers set their marketing goals but only 50% achieve them. (Source: CoShedule5)
- ABM is an emerging marketing strategy for B2B growth of around 208%. (Source: Warc6)
- The average cost of the financial sector to generate B2B leads is $43. (Source: Enterprise Apps Today)
- 25 to 30% of the product-qualified leads convert into paid customers. (Source: User Pilot7)
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B2B marketing Teams Statistics
A well-organized marketing team is necessary to accomplish the business objectives. Here are some B2B marketing statistics that will help you master work administration in your organization.
- Nearly 60% of B2B businesses outsource their marketing work including content, social media, and SEO. There are only 41% of B2B organizations with established in-house marketing teams. They reach out to agencies, individual freelancers, and solopreneurs for their work needs. (Source: Statista)
- Almost half of the B2B companies outsource their content marketing demands including content creation, research, planning, and distribution. The figure reaches 75% in companies having more than 1000 employees. (Source: Content Marketing Institute)
Also Read: What Is B2B Lead Generation?
B2B Marketing Budget Statistics
As per the statistics, B2C businesses spend more money as compared to B2B. However, a dedicated marketing budget is equally important for B2B products or services. Here are some B2B marketing statistics that can give an overview of average budget allocation.
- B2B businesses or services allocate 9.7% of their total budget for marketing purposes. (Source: CMO)
- Predictions state that the annual spending on digital advertising will touch $645.8 billion by the end of 2024. (Source: eMarketer)
- Almost 45% of B2B companies are planning to invest more in different content marketing strategies in the coming 12 months due to high ROI. (Source: Content Marketing Institute)
- 69% of B2B marketers have plans to increase their video marketing budget this year. (Source: Content Marketing Institute)
B2B Sales Statistics
Sales are the ultimate objective of any B2B marketing campaign so an analytical approach certainly works for business growth. The below B2B sales statistics can give a bit of understanding of how to convert leads into sales.
- Almost 57% to 70% of buyers do product or service research before coming in contact with the sales team. (Source: LeadG28)
- 77% of B2B feel more comfortable if they are reached out through email. (Source: Content Marketing Institute)
- 76% of B2B businesses have made their structured marketing strategy. (Source: WebFX)
- Nearly 39% of organizations are exploring chatbots for conversational B2B marketing. (Source: Marketing Charts)
- Email CTR plays an important role in B2B sales. (Source: Demand Gen Report)
B2B Lead Generation Statistics
B2B lead generation is becoming tougher than ever. Conversion rate is a challenging metric that sucks most of businesses. The importance of the campaign’s personalization and audience selection is crucial. Here are some B2B lead generation statistics for getting some ideas.
- The average conversion of marketing-qualified leads to sales-qualified leads is only 13%. That may decrease if your marketing and sales objectives are not aligned. (Source: Implisit)
- 53% of sales representatives follow step by step guide for lead generation. (Source: Cleverly)
- 84% of B2B marketers think content marketing benefited them in successful brand awareness. (Source: Content Marketing Institute)
- Almost 73% of B2B marketers consider lead conversion rate as a KPI. (Source: Content Marketing Institute)
- Maturity in the lead generation process brings 133% B2B marketing revenue. (Source: Intellistart9)
- Customer referrals bring 54% of all the B2B leads followed by email marketing at 14%. (Source: Call Box)
B2B Content Marketing Statistics
Content is king in B2B marketing whether it is for organic or paid campaigns. The majority of content creation work is outsourced by B2B businesses. Here are some B2B content marketing statistics you should learn to implement the right strategies.
- Short-form content that includes infographics, shorts, and blog posts is promising for almost 65% of B2B buyers. (Source: Demand Gen Report)
- Most B2B marketers publish regular content each week. (Source: Data Box)
- The B2B content creation process is a little bit harder so it takes an average of 3 hours and 51 minutes to create a blog post despite the AI evolution. (Source: Orbit Media10)
- A survey states that an average B2B buyer consumes at least 13 content pieces before making a purchase. (Source: Focus Vision)
- The publishing average of the top of the funnel is 67% followed by the middle of the funnel at 28 percent and the bottom of the funnel at 5%. (Source: Data Box)
- The average web page ranking on the first page of Google contains more than 1400 words. (Source: Backlinko)
- More than 60% of B2B buyers make their final decision following solely the digital content. (Source: Brand Culture)
B2B Video Marketing Statistics
Video content is the most loved format in recent times as it is easy to consume for B2B buyers. YouTube is the leading platform with a massive audience looking for respective ideas and solutions. Here are some B2B marketing statistics you should reevaluate to use in your content strategy.
- Almost 9 out of 10 B2B buyers say they watched videos to learn more about company products or services in the past 3 months. (Source: Brightcove)
- More than 50% of tech buyers consider video as the most helpful form of content. (Source: Isoline Comms)
B2B Email Marketing Statistics
Email is still a relevant and valuable B2B marketing strategy for lead generation, nurturing, and sales. It is effective in brand awareness, customer support, communication, and sales prospects. Here are key B2B email marketing statistics that can give some understanding of its importance.
- 89% of B2B emails are sent from the company’s business email address. (Source: Super Office)
- Nearly 30% of the respondents surveyed find email newsletters as the most effective distribution channel for B2B marketing. (Source: Content Marketing Institute)
- 43% of professionals from all industries use mobile devices to read their emails. (Source: Statista)
- The average CTR of B2B emails is 5%. (Source: Enterprise Apps Today)
- 33% of buyers open emails following the subject lines. (Source: Convince And Convert)
B2B SEO Statistics
SEO is the most used inbound marketing method by B2B marketers. It is considered a long-term investment due to its high ROI but it takes time to show results. Here are some B2B SEO statistics that will encourage you to invest some marketing budget in it.
- The 29% of B2B buyers who search for products or services on Google don’t go beyond the first page of SERPs. (Source: Backlinko)
- Nearly 66% of B2B buyers use search engines to discover desired products using different search queries. (Source: Statista)
- B2B collects 2 times more revenue from organic search than other channels. (Source: Bright Edge)
- Almost 70% of B2B marketers feel that SEO drives more sales as compared to PPC. (Source: Databox)
B2B Social Media Statistics
A single viral social media campaign can take business to heights. Platforms like X, Facebook, Instagram, LinkedIn, and Reddit have billions of active users. The below B2B social media statistics will reveal the impact of social media in B2B marketing.
- 82% of B2B marketers think LinkedIn is the most valuable social platform for B2B marketing. (Source: Content Marketing Institute)
- As per the report, nearly 90% of B2B marketers use social media channels to distribute their content. (Source: Content Marketing Institute)
- Social media is the most effective marketing channel for both TOFU and BOFU goals. (Source: WPromote)
AI in b2B Marketing Statistics
Modern-day marketing revolves around customer data collection, handling, and analysis. So managing a hefty amount of data and multiple marketing channels is a challenge. Where AI comes to rescue the B2B marketers. Here are some stats revealing the influence of AI in B2B marketing.
- Only 20% of marketers are extremely good at using AI for B2B marketing. (Source: LinkedIn)
- The sudden rise of AI has created skilled labor issues and 21% of B2B marketers are facing this challenge. (Source: Stripped Giraffe)
- 67% of B2B companies are using AI for product recommendations to buyers visiting their sales pages. (Source: Stripped Giraffe)
- The addition of modern-day AI tools in the sales process can increase the leads by 50%. (Source: Ringover11)
- 53% of tech leaders use generative AI for their marketing and advertising needs. (Source: Gartner)
Download Our Free Lead Generation checklist
Exclusive comprehensive PDF e-book to optimize your lead gen campaigns for high conversion rates across all industries.
Frequently Asked Questions
Wrap Up
B2B businesses have a longer and more complex sales cycle as compared to other business models. Going digital with an omnichannel marketing approach drives satisfactory results.
All the marketing metrics are directly associated with sales, revenue, and growth. You need to personalize your campaigns with pinpoint targeting for promising ROI. If these stats were helpful, share them with others as well.
Sources list:
- ThinkWithGoogle(https://www.thinkwithgoogle.com/consumer-insights/consumer-trends/b2b-mobile-experience-statistics/) ↩︎
- OroCommerce(https://oroinc.com/b2b-ecommerce/blog/b2b-sales-strategies/) ↩︎
- SellersCommerce(https://www.sellerscommerce.com/blog/b2b-marketing-statistics/) ↩︎
- Recurly (https://recurly.com/content/best-billing-service-saas-business/) ↩︎
- CoShedule(https://coschedule.com/marketing-statistics) ↩︎
- Warc(https://www.warc.com/newsandopinion/opinion/why-b2b-marketers-are-moving-to-abm/en-gb/5600) ↩︎
- UserPilot(https://userpilot.com/blog/b2b-saas-funnel-conversion-benchmarks/) ↩︎
- LeadG2(https://leadg2.thecenterforsalesstrategy.com/blog/b2b-buyers-search-online-before-purchasing-why-you-should-care) ↩︎
- Intellistart(https://intellistart.co.uk/what-is-lead-generation-and-why-is-it-important/) ↩︎
- OrbitMedia (https://www.orbitmedia.com/blog/blogging-statistics/) ↩︎
- Ringover(https://www.ringover.com/blog/ai-in-sales-marketing) ↩︎