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We are now up to over 8,000 different MarketingTechnology (MarTech) applications, up from the year before (7,000+). What happened to the long-expected consolidation, what do you think the second half 2020/2021 results will show, and will we finally see consolidation in MarTech solutions?
By now, most of us feel that 2021 is the same old same old. Education and show-and-tell of newtechnology and products (e.g. We are still wearing our masks and working from home. International travel is still a pain with different testing and quarantine rules. Protocol and process changes to keep customer safe. Covid Vaccine?).
However, despite all this activity, only around 7-10% of all payments in Africa were electronic in 2021, thereby signifying a major growth opportunity especially when digital infrastructure by companies such as Econet Global and being built at a record pace across the continent. This is the lowest-hanging fruit of the African market.
Thanks to a boost in social and ecommerce advertising over the course of the pandemic, new research from WARC Data suggests Amazon, Meta and Alphabet could account for half of a potential $1 trillion advertising market by 2025. 2021 saw what WARC calls a ‘meteoric rise’ in the value of the market, growing 23.8%
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