2010: Some Trends & Predictions

Trendwatching – Top 10 Consumer Trends for 2010

Companies seeking to reach out to consumers this year need to prove they are good corporate citizens and also need to tailor their products, services and messaging to an audience that is constantly online, according to consumer insights firm trendwatching.com.
While Web 2.0 brought the world interactive information sharing, interoperability, user-centered design and collaboration, software applications provider ICON believes that the next generation of the web, or “Web 3.0″ promises more recommendations, free services, intelligent (semantic) searches, and information that’s no longer random data, but tailored, highly intuitive and delivered in real time. As 2009 draws to a close, and in an effort to heighten awareness about Web 3.0, Gege Gatt, the founder and director of Malta-based ICON recently identified some broad trends that are in tune with Web 3.0. According to Gatt, these trends are…
Sienna Farris, Director of Social Media at Strawberry Frog, spoke with AdWeek about 5 key social media implications that brands will need to respond to in 2010. Recognizing that predictions don’t hold a candle against the fast pace at which technology changes and renders them dated, these are more of a call to action and awareness, and less of a definite prediction.

eMarketer – 7 Predictions for 2010
It’s that time of year again—the season for looking back, reflecting on what transpired over the course of the year, and simultaneously looking forward, to formulate thoughts, and perhaps some hope, for what the coming year will bring.

As 2009 draws to a close, the Web’s attention turns to the year ahead. What can we expect of the online realm in 2010? While Web innovation is unpredictable, some clear trends are becoming apparent. Expect the following 10 themes to define the Web next year:
JWT – Trends that will influence 2010
JWT has done a year-end forecast for the past several years and has just released their thoughts on what 2010 will bring. Here’s a glance at the 10 trends they believe will shape this next year.
Nicola Davies – 2010 predictions
Nicola Davies prognosticates

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    Recession: Unbranded Couch-Potatoism …

    Consumers are defecting from iconic CPG brands as they try to save money by purchasing less-expensive store and private-label brands. While this trend is not new, it has become more pervasive since the economic downturn started in December 2007, per eMarketer. In fact, 59 percent of U.S. consumers reported having switched to store brand food and household products over the past six months, according to a May 2009 study by ICOM.


    Recession Intensifies ‘Couch Potatoism’ as TV, Internet Converge
    Some 26% more Americans chose TV as their favorite type of media than they did last year, according to a new study by Deloitte, which lends credence to the theory that the recession has intensified America’s love for television. The study revealed that more than 70% of respondents ranked TV among their top-three favorite media activities; 34% placed it at the top of the list. TV also snared more than double the numbers of the second most popular media choice, the internet, which came in at 14%, according to MediaBuyerPlanner.

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    Ad Recession: Probably over. Pricecutters beware…

    ZenithOptimedia is predicting global ad markets will increase 0.9% in 2010 to almost $448bn (£274bn) and expects ad expenditure to show steady improvement over the next three years, with growth of nearly 5% by 2012. The global spending prediction is the Publicis agency’s first upward revision in 18 months and comes after the worst ad decline in modern times. Zenith also predicts ad spend to fall 10.2% in 2009 to nearly $444bn.
    US online advertising spending is set to drop this year for the first time since 2002. eMarketer estimates online ad spending will be down 4.6% this year. However, the slowly recovering economy, combined with basic structural changes in how marketers and the public use media, will lead to Internet ad spending growth in early 2010.
    “It’s been denied, but I would rebut the denial,” Sorrell said, calling the practice “extremely dangerous in my view. It’s particularly dangerous if we see media price inflation.”
    Possibly related:
    Zenith Forecast: In ’09, Only Online Grows
    (paidcontent.org)
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    Economy: Easing, Slowing, Losing, Climbing

    When it comes to predictions as to the advertising recession, its a far from clear picture and predictions vary depending on who you are talking to …

    Money Down the Drain

    Cuts in marketing spend easing
    The latest Bellwether survey published this week (13th July 2009) has found that for the second quarter in a row the rate of decline in marketing spend has eased, linked to an improvement in business confidence; with companies surveyed reporting that their financial prospects have improved for the first time since the first quarter of last year.
    Ad outlook: Longer, slower recovery
    The only good news is that we may finally have hit bottom during second quarter, with the media economy expected to rebound slightly during the second half of the year. But generally Magna’s mid-year 2009 U.S. forecast, released today, gives no hope of a full rebound for the media economy anytime soon.

    According to Forrester Research, reported by Richard H. Levey at Directmag.com, 60% of marketers surveyed will increase their interactive marketing budgets by shifting funds from traditional media. Direct mail was cited by 40% of marketers as being one being cut, outranking newspapers (35%), magazines (28%) and television (12%).
    Growth in social network advertising spending worldwide will take a hit in 2009, but not as severely as in the US. eMarketer projects 9% growth in worldwide spending in 2009, to $2.2 billion. That is down from the 17% growth eMarketer forecast in March 2009.
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