Dive Brief:
- According to a Forrester report released Tuesday, B2B marketing budgets are set to increase by 6% in 2014.
- The report, done in conjunction with the Business Marketing Association, predicts that marketing budgets will increase from 2.5% two years ago to 4% of overall budgets this year, which is still behind pre-recession figures of 5% to 10%.
- Technology is a main focus, with 61% of marketers expecting to increase their technology spending over marketing communications programs.
Dive Insight:
B2B budgets, like pretty much all budgets, are still under pressure from economic forces. That there is an increase expected is a sign of slightly better times to come. Technology will certainly lead the way as more B2B marketers embrace and increase use of tech in their endeavors.