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Five Trends Shaping the Future of Global Marketing smartling.com

Five Trends Shaping the Future of Global Marketingmedia.dmnews.com/documents/211/638346-five-trends-sh_52693.pdf · EMARKETING CONTENT 43% 62% VIDEO 22% 43% GAMING OAY IN TWO YEARS

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Five Trends Shaping the Future of Global Marketing

smartling.com

2smartling.comHow Being Global Ready Supports Expansion and Growth

In Fall 2015, Smartling commissioned three

separate surveys to uncover the global readiness of

distinct audiences. Each group responded to questions

about their international marketing efforts, plans, notable

obstacles and hoped-for improvements. Five valuable

observations drawn from across all three surveys appear

in the following pages.

The three surveys

Target Marketing– US-based digital

marketing magazine– 300 marketers

EyeforTravel– UK-based travel

information portal– 309 travel marketers

(N America & Europe)

IDG Connect– US-based demand

generation specialist– 200 IT decision makers at

enterprise brands with at least 500 to 5,000-plus staff.

3smartling.comHow Being Global Ready Supports Expansion and Growth

“Customer experience increasingly comes down to content. Hypermobility among companies and consumers has raised expectations for branding and message consistency across countries, languages, and cultures.”

— Ben Sargent Senior Analyst, CSA

4smartling.com

Language Services and Technology Market Growth 2010 – 2019

The total amount invested in translation and

localization grows with every passing year.

In 2010, the global market for outsourced

language services and technology exceeded

$26 billion. By 2015, it increased 46% to be worth

an estimated $38 billion.

The Unstoppable Rise of International Marketing

1

10

20

30

40

US$

BIL

LIO

NS

$02010 2011 2013 2015

23.5028.34

34.7838.16

5smartling.com

Percentage of Respondents in a Number of Countries in 2015 and 2017

Of those taking part in the IDG Connect survey,

the vast majority (81%) target two or more

countries and a large number (42%) deliver

content to 10 or more.

None

NUMBER OFCOUNTRIESTODAY IN 2 YEARS

4%7%

1 6%12%

2-1039%22%

10-5022% 33%

50-10014%

Over 1006%

22%

13%

By 2020, annual sales of language services & supporting technologies are expected to pass $50 billion.

The Unstoppable Rise of International Marketing1

6smartling.com

Change in Percentage Active in 0-100+ Countries 2015-2017

There is a visible trend of brands moving from

activity in fewer than 10 countries, to becoming

active in more (or many more) than 10 countries.

In fact by 2017, 68 percent of enterprise IT

decision makers plan to be active in more than

10 countries (up from 42 percent). And 35 percent

expect to be active in 50-plus countries (up from

20 percent).

0%

-20%

20%

0 1 2-10 10-50 50-100 100+

NUMBER OF COUNTRIES

-3% -6%

-17%

+11% +8% +7%

The Unstoppable Rise of International Marketing1

7smartling.com

Languages Digital Content Is Translated into Today and In Two Years

Adoption of new languages will fuel the global

expansion plans of enterprise brands, according

to their IT decision makers.

In just two years, the 27 percent translating into

more than 10 languages will almost double to 45

percent. And the 8 percent currently translating into

50-plus languages will triple to 24 percent in 2017.

9%5%

1 LANGUAGE

2-5 LANGUAGES

36%18%

19%21%

11-50 LANGUAGES

51-100 LANGUAGES

4%17%

6-10 LANGUAGES

28%32%

OVER 100 LANGUAGES

4%7%

TODAY IN TWO YEARS

Add a New Language, Attract New Markets, Rise up the Ranks

2

8smartling.comAdd a New Language, Attract New Markets, Rise up the Ranks2

International Customer Acquisition Strategies of Companies

The top three international customer acquisition

strategies of travel brands, collectively preferred

by 72 percent of travel marketers, all focus on

one-size-fits-one solutions to resonating with

country-specific audiences.

Some create custom marketing campaigns in

house, some translate their websites, and others

outsource to agency partners, with experience in

the target market.

72 percent of travel marketers focus on one-size-fits-one solutions to resonate with country-specific audiences.

9smartling.com

0% 5% 10% 15% 20% 25% 30% 35%0

Outsource global customer acquisition to an agency partner

Translate our website into the language(s) spoken by customers in that country

Create custom marketing campaignsthat speak to customers in that country

Establish a physical presence

Don’t have a currentstrategy in place

Count on existing marketing tactics

Add a New Language, Attract New Markets, Rise up the Ranks2

10smartling.com

Number of Languages Offered by Forbes Global 2000 Companies

Analysis of the Forbes Global 2000 list shows a

strong correlation between an organization’s

financial performance and website multilingualism.

Truly global growth requires translation, and

increasing languages offered inspires growth. 4.1languagesLOWER 1,000 COMPANIES

17languages

TOP 50 COMPANIES

Add a New Language, Attract New Markets, Rise up the Ranks2

11smartling.com

According to research from the US Chamber of Commerce, non-US markets represent:

80%OF THE WORLD’S

PURCHASING POWER

92%OF THE WORLD’S

ECONOMIC GROWTH

95%OF THE WORLD’S

CONSUMERS

How Being Global Ready Supports Expansion and Growth

12smartling.com

Number of Languages Website Translated into by US/European Companies

Business strategies seem to consider location and

nearby markets when determining international

marketing strategy.

This shows in number of languages offered, where,

for example, North American brands need fewer

languages to target the entire continent than

European brands need to do the same across

the Atlantic.EUROPEAN COUNTRIES

0%

10%

20%

30%

40%

50%

60%

2 3 4 5 6 7 10-208 9 20+

None, we only use our native language

NORTH AMERICAN COUNTRIES

Impact of Location on Translation and Localization Strategy

3

13smartling.com

Percentage of Content Translation Done for Each of Five Continents

As much as 77 percent of respondents’ content is created

to target European or North American audiences.

A deeper dive reveals that North American brands

target domestic international markets more than

brands in Europe where a greater number of

distinct countries means they need to offer multiple

languages in order to cast a continent-wide net. 42%NORTH AMERICA

13%SOUTH AMERICA

25%EUROPE

6%AFRICA

15%ASIA

75% of consumers and 80% of travelers prefer to buy from or book with a brand that offers their native language.

Impact of Location on Translation and Localization Strategy3

14smartling.com

What barriers does your organization face in providing a global customer experience?

The top two barriers marketers face in providing a

global experience are in-house resources (38.5%)

and a lack of strategic direction (24.6%).

38.5%

12.9%

24.6%

18.1%5.8%

How Marketers and Enterprise IT Decision Makers Differ

4

0%

10%

20%

30%

40%

50%

60%

Management buy-in

Selecting the right tech partner

0%

10%

20%%

3000%%%

40%%

59% 57%

48% 47%

38%

Strategic direction

In-house resources

Identifying ROI

15smartling.com

Barriers to Global Customer Experience Delivery

Selecting the right tech partner (59%), and

identifying sufficiently compelling ROI (57%)

were the barriers faced by the most Enterprise

IT decision makers.

0%

10%

20%

30%

40%

50%

60%

Management buy-in

Selecting the right tech partner

0%

10%

20%%

3000%%%

40%%

59% 57%

48% 47%

38%

Strategic direction

In-house resources

Identifying ROI

How Marketers and Enterprise IT Decision Makers Differ4

16smartling.com

Typical Teams, Types of Content and Tech Stacks to Satisfy

5

Business Divisions in Contact with Translation and Localization

Before getting to the technology that brands have

in their tech stack, or need to go global, it is worth

asking “Who’s involved in the international marketing

effort?” both when it comes to buying technology,

and during the content translation process.

Before brands go global, it is worth asking: “Who’s involved in the international marketing effort?”

17smartling.com

ITDEPARTMENT

Business divisions involved in the translation and localization buying process

Business divisions with input into the translation process

90% 86%

SOFTWAREDEVELOPMENT

TEAM

65% 61%

SALES ANDMARKETING

57% 47%

LEGALDEPARTMENT

32% 32%

EXTERNALBUSINESS PARTNERS

23% 23%

Typical Teams, Types of Content and Tech Stacks to Satisfy5

“The difference with people who are running marketing now is you have to be not only a traditionalist, but a technologist, too.”

— Mary Rodgers Director of Marketing Communications, Cuisinart

18smartling.comHow Being Global Ready Supports Expansion and Growth

19smartling.com

Types of Content Translated, Distributed and Managed Today and Within Two Years

Roughly the same number of organizations (86%)

expect to localize website and digital content in

2017 compared to those doing it now (90%).

But a growing number will process mobile apps

(76%), emarketing (70%) and video content (62%),

up from 65, 48 and 43 percent respectively.

95%86%

WEBSITE AND DIGITAL CONTENT

65%76%

MOBILE APPS

48%70%

EMARKETINGCONTENT

43%62%

VIDEO

22%43%

GAMING

TODAY IN TWO YEARS

95%86%

WEBSITE AND DIGITAL CONTENT

65%76%

MOBILE APPS

48%70%

EMARKETINGCONTENT

43%62%

VIDEO

22%43%

GAMING

TODAY IN TWO YEARS

Typical Teams, Types of Content and Tech Stacks to Satisfy5

95%86%

WEBSITE AND DIGITAL CONTENT

65%76%

MOBILE APPS

48%70%

EMARKETINGCONTENT

43%62%

VIDEO

22%43%

GAMING

TODAY IN TWO YEARS

95%86%

WEBSITE AND DIGITAL CONTENT

65%76%

MOBILE APPS

48%70%

EMARKETINGCONTENT

43%62%

VIDEO

22%43%

GAMING

TODAY IN TWO YEARS

20smartling.com

Components of a Standard Tech Stack Involved in Translation and Localization

Solve platform fragmentation by choosing a translation

management solution that integrates with your entire tech stack.

Typical Teams, Types of Content and Tech Stacks to Satisfy5

How Being Global Ready Supports Expansion and Growth 21smartling.com

Access your free Global-Ready Success Kit from Smartling today and get started on a new phase of global growth

Take a Deeper Dive Into Our Three Surveys

Get Success Kit Now

Want to reduce translation costs, make website localization even more culturally relevant, and gain valuable insight into your most important markets?

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