Staff Reporters
Apr 15, 2024

Martech to form a larger part of Thai marketing spend: report

TOP OF THE CHARTS: Thailand's Martech Report 2024 finds the proportion of martech budgets to corporate marketing budgets to be 46% this year, up from 2023 levels.

Martech to form a larger part of Thai marketing spend: report

The proportion of marketing budgets spent on martech in Thailand is set to rise, according to Thailand's Martech Report 2024, a joint annual study by Content Shifu and Hummingbirds Consulting. 

The study, based on an online survey of 400 industry participants along with 11 qualitative interviews, has yielded the following highlights:

The proportion of martech budgets in Thailand to overall corporate marketing budgets is set to be 46% on average in 2024, compared to 10-30% in 2023.

The budget allocation for martech tools specifically have also changed. Fewer players (35%) are spending between 11-50% in 2024 versus 63% last year. But more (17%) are also allotting a majority  >50% of their budgets for tools than last year (9%). 

Advertising and promotion remain the most popular martech categories followed by data, then social and CRM.

Most martech users in Thailand do so in order to boost sales, followed by improving their organisational performance. 

According to the report, Google and Line are the biggest providers of martech tools to the Thai industry

Source:
Campaign Asia

Related Articles

Just Published

18 hours ago

Top 10 car brands in Southeast Asia

Malaysia's largest car manufacturer Perodua pipped other global favourites like Toyota, BMW and Tesla to become Southeast Asia’s top car brand in 2024. Dive into the insights from Campaign’s exclusive research with Milieu Insight.

18 hours ago

'All polish, no punch': Adland reacts to Jaguar’s ...

The internet has spoken about Jaguar's radical rebrand with mixed reviews. But what do industry experts think?

18 hours ago

Creative Minds: Nutthida Patthanhatirat thrives on ...

This art director’s journey spans from Photoshop struggles to creative triumphs, fuelled by her love of dogs, a taste for luxe, and an unstoppable knack for turning challenges into bold projects.