Modern Marketing in Digital Era

Marketing is a way to promote businesses, brands, products, and services.  In earlier times, marketing was more word of mouth and extremely restricted. It was bound to the nearest towns and local cities due to a lack of communication facilities, and time-consuming and limited transportation. It all began with the barter system, and it was extremely restricted where some edibles or consumer products were exchanged.

As transportation grew to connect more towns and cities, businesses began to expand using the trading mechanism. Eventually full-fledged business grew manifold in the 20th century as technology expanded to facilitate, communication and transportation. Greater expansion in businesses made them growth-oriented and sustainable. With the advent of telephones and vehicles, there was an exponential rise in business possibilities.    The trade and commerce world was fast changing.

Modern Marketing

Modern Marketing is technology oriented. It is subject to fast changes in technology in the larger sphere.  The business paradigms are fast changing due to technological impact.  Businesses are not impacted by only one technology but many. The biggest paradigm change has been brought about by the advent of the Internet in India, and elsewhere. The US was the first to introduce the Internet followed by many other countries. 

The Internet brought about the world wide web, and as the development technology advance more dynamic websites came into the picture. They began to populate the world wide web for information transmission.  These websites and portals could facilitate ecommerce which is raging hot. Advanced web development and technology brought the emergence of social media. Marketing using social profiles and social media feeds gave a Filip to digital marketing.

Now content creators could create engaging content, and publish them on the feed. This attracted the target audience, and the social profiles grew exponentially.  With the growth of social media profiles targeting the audience for promotion became very fruitful, and online marketing now flourishes. The market size stands at 22 billion USD as of 2022. It is growing at the rate of 17.5 % and is projected to reach 81.6 % by the year2030.

This is proving as a boon to the best marketing agencies in the World. In India, the digital marketing size stands at 4.5 billion USD. The Indian growth rate is stupendous 32 % and there is no end to it. This augurs well for companies in the marketing business.