Foundation Capital General Partner Ashu Garg predicts that over the next 10 years, marketers will spend 10 times what they currently spend on marketing technology. Specifically, he wrote in “MarTech and the Decade of the CMO,” that the $12 billion that CMOs currently spend on martech will grow to $120 billion by 2025.
For CMOs, this shouldn’t come as a surprise. We all know that the need for organizations to drive superior customer experiences is greater than ever. Brands need to be personal and contextual, while at the same time being efficient and finding new ways to innovate and differentiate.