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2020: Celebrating the Era of the Connected Consumer

  1. 2020: Celebrating the Era of the Connected Consumer Webinar
  2. Introducing the Speaker Vasuta Agarwal VP and MD, Asia Pacific 2 2020: Celebrating the Era of the Connected Consumer
  3. Agenda 1. Demystifying the New-age Consumer 1. Bharat: The Next Frontier 1. Understanding the 3Cs i. Context i. Commerce i. Content 2. The 2020 Voice of the Marketer 1. Building your 2020 Marketing Strategy 2020: Celebrating the Era of the Connected Consumer 3
  4. 4 Demystifying the New-age Consumer 2020: Celebrating the Era of the Connected Consumer
  5. The Decade of Connectivity Mobile Penetration in India is set to reach 90% by 2022 5 23% 12% 8% 4% 3% China India US Brazil Indonesia 9.8 7.5 6.5 6 5.7 India Indonesia Chna Japan South Korea Leading Data Consumer in the World (GB/ user/ month) Source: Imagining Trillion Dollar Digital India, IBM & Kalaari Capital, 2018 | India Media Entertainment Report, 2019 2020: Celebrating the Era of the Connected Consumer Second Largest Internet Market (% share of global internet users) Key Drivers: • Falling smartphone prices • Cheaper data tariffs
  6. 6 31% 65% 90% 1% 28% 64% 2010 2018 2022 Mobile-led Connectivity (as a % of population) Mobil e Smartphone 227 78 12 2010 2019 Rural Internet Subscribers (mn) Urban Internet Subscribers (mn) 410 Source: eMarketer | Ericsson Mobility Report 2019, App Annie State of Mobile 2019 | IBEF Ecommerce Report, July 2018 A Digital Economy, For All Rural internet subscribers increased by 425% in 9 years time Smartphones are the first access point to the internet for several sections of the population, across ages and geographies 2020: Celebrating the Era of the Connected Consumer Rural ruling the Connectivity Race
  7. The Connected Consumer in 2020: YAMI 7 Younger More than 65% of India is under the age of 35 Aspirational 65% of India form the urban elite, affluent. Aspirers will comprise the majority in 2025 Mobile-native 50% of users start an activity on their mobile Impulsive Average smartphone user has 69 apps. 35 average monthly apps used. 2020: Celebrating the Era of the Connected Consumer
  8. Bharat: The Next Frontier 8Mobile Marketing Handbook – India, 2020 2020: Celebrating the Era of the Connected Consumer
  9. 9 The Changing Face of Bharat Rapid connectivity has transformed the Indian Digital Landscape leading to a new punctuated equilibrium • India will add 300 million internet users • 50% of all new users will come from rural communities • 48% of all internet users will be from Bharat 2020: Celebrating the Era of the Connected Consumer Enabling Factors Increasing internet penetration Government-led Digital Literacy Programs Increasing internet speeds Financial inclusion of rural consumers Vernacular Communication
  10. • Need to touch and feel product prior to purchasing • Lack of brand credibility • Unfamiliarity caused by both tech and language barriers • Fear of poor after sales service Top Concerns of Consumers When Shopping Digitally Source Rural e-commerce: The Untapped Potential, EY 10 2020: Celebrating the Era of the Connected Consumer
  11. • Offer Vernacular Options on Mobile Apps • Go light on text and instead leverage images • Educate users on steps to address concerns and returns • Leverage AI Chat Bots to Aid Buying How to win over consumers in Bharat and encourage them to Shop Online Source Rural e-commerce: The Untapped Potential, EY 11 2020: Celebrating the Era of the Connected Consumer
  12. Mobile Marketing Handbook – SEA, 2020 CommerceContext Content $ The 3Cs of the Connected Indian Consumer
  13. Gaining Context 13 2020: Celebrating the Era of the Connected Consumer
  14. Connected Consumers Equate Context to Better Experiences Source: eMarketer: Mobile device users willing to share personal vs location data for potential benefits, Aug 2019 | Taboola Nielsen study on Human Attention, 2019 60% 65% 67% 68% 69% 71% 74% 75% 57% 61% 63% 63% 66% 68% 70% 70% 75% 76% Enables a personalized service Gives me additional functionality of service Saves time Gives me additional useful & relevant information Makes my life more convenient Gives me financial benefits like discounts & rewards Saves money If necessary to enable a service Increase safety/security PerceivedBenefitsofsharinglocation/personaldata Consumers Attitude Towards Data Sharing Location Data Personal Data 14 2020: Celebrating the Era of the Connected Consumer
  15. Connected Consumers Embrace Contextual Experiences Source: Adobe Study on Business Impact of Customer Experience, April 2018 Advertiser vertical Matched content vertical Auto Auto Personal care (CPG) Beauty & Fitness Home (CPG) Home & Garden Health Health Movies (Media) Movies Games (Media) Games Apparel & Acc (Retail) Apparel Tech Comp & Elec, Internet & Telco Travel Travel Contextually matched Not Contextually matched Impact of Contextual Experiences on Key Metrics Return on Investment 1.5x Customer Satisfaction 1.6x Customer Retention/Loyalty 1.7x Customer Acquisition 1.9x Brand Awareness 1.6x Ad Recall 1.5x Effect of Context on Ad Recall 15 2020: Celebrating the Era of the Connected Consumer
  16. The Changing Face of Commerce 16 2020: Celebrating the Era of the Connected Consumer
  17. The Evolving Online Shopping Behavior in India 7th largest m-Commerce market 3.26% accounted for eCommerce sales from all retail sales $26 Bn M-Commerce Sales 2018 2023 5th largest m-Commerce market 6.34% accounted for eCommerce sales from all retail sales $94 Bn M-Commerce Sales Overtakes Japan & Germany 1.94x increase 29.31% CAGR Source: eMarketer Retail Forecasts, 2019 17 2020: Celebrating the Era of the Connected Consumer
  18. 20 Source: InMobi | Festive Season Report 2019 Learn Explore Buy Mobile In Store Mobile Anchors the Entire Purchase Journey 62% Role of mobile and in-store channels across the various stages of the shopping journey 77% 67% 9% 23% 33% 2020: Celebrating the Era of the Connected Consumer
  19. 21 100,000 50,000 0 150,000 200,000 250,000 Unique Mobile Sessions on Leading e-commerce platforms (in '000) Amazon Flipkart Myntra 2015 2019 Number of online sales events in India 100+ <10 Impulsivity is the New Norm Source: InMobi Network Insights | ComScore | InMobi Festive Season Report 2019 | InMobi Research | BCG Five Surprises About How Indians Shop Online Increasing Access to products and services have dramatically has dramatically driven Impulsivity Shifting consumer behaviour has led to No Buyer’s Remorse, a significant change from long understood consumer patterns 2020: Celebrating the Era of the Connected Consumer
  20. Decoding the Content Wave 20 2020: Celebrating the Era of the Connected Consumer
  21. The New Content World Order Breakaway to Individualized Consumption Explosion of Categories and Formats 5x Growth in Time Spent on Media Access to on-demand content 202 0 Single Household Consumption TV, Print, Radio Time Spent: 1:30 hours Content Type: Programmed Content 2010 2020: Celebrating the Era of the Connected Consumer 21
  22. Consumer Behavior Driven by micro - moments Driven by lean back moments • Snackable Content • Built Mobile-First The Long and • Multi Screening on connected devices Provider Features • Vertical Videos Short of • Led by SVOD • Original Content and Vernacular Friendly • Vernacular Friendly Content • Personalized feed/ recommendations • Personalized feed/ recommendations Access Points Long Form Content Short Form Content 2020: Celebrating the Era of the Connected Consumer 22
  23. When Content and Commerce Converge As content streams continue to explode across the spectrum, commerce has become a natural extension for several publishers 2020: Celebrating the Era of the Connected Consumer 23
  24. Be it apparel, F&B, or even travel, integrating content with commerce makes for compelling results across categories. 2020: Celebrating the Era of the Connected Consumer 24
  25. The 2020 Voice of the Marketer 25 2020: Celebrating the Era of the Connected Consumer
  26. 26
  27. Facing the Headwinds 30 34% 45% 45% 50% 73% Inadequate Attribution Solutions Delivering Contextually Relevant Content Building Localized Experiences Measuring Business Impact A Fragmented Data Ecosystem % Share of Marketer Votes Top Five Challenges Marketers Will Face in 2020 InMobi Marketer’s Survey | December 2019 In the age of hyper connectivity, marketers face a wide range of challenges in their efforts to connect and engage with consumers. Issues range from data existing in silos, to the inability to create a one fits all model due to the diversity of the Indian market 2020: Celebrating the Era of the Connected Consumer
  28. 27% 28 45% 50% 68% 72% Marketers will go Beyond the Buzzwords of AI and ML Content Marketing will get a Face Lift Delivering Localized Experience till the Last Mile will take Priority Building Contextually Relevant Customer Experiences will be Front and Center Connecting with Bharat is an Immediate Reality Top Marketing Trends in 2020Riding the Waves Marketers can look forward to an explosion of opportunities in the new age of the connected consumer. With an untapped population coming online, shifting content consumption behaviour, and rapidly evolving technology, Indian marketers have incredible room to explore. 2020: Celebrating the Era of the Connected Consumer InMobi Marketer’s Survey | December 2019
  29. Building your 2020 Marketing Strategy 29 2020: Celebrating the Era of the Connected Consumer
  30. Micro-moments led Content Consumption The Need for Context Building for Bharat Changing Face of Commerce • Leverage location and data- Led Audiences • Adopt Programmatic to efficiently deliver contextual experiences • Invest in Content Marketing • Enhance Brand Storytelling 30 • Focus on downstream metrics • Leverage retargeting and personalization to enhance LTV • Invest in new micro- moments platforms such as Glance The Trend The Strategy
  31. The Era of the Connected Indian Consumer is here! The Convergence of 3Cs Context. Commerce. Content. The Voice of the Marketer Data. Measurement. Personalization. The Epic Battle for Bharat Mobile. Innovation. Vernacular. 2020: Celebrating the Era of the Connected Consumer 31
  32. Mobile Marketing Handbook 35 InMobi drives real connections between brands and consumers by leveraging its technology platforms and exclusive access to mobile intelligence. Its Marketing Cloud creates new paths for brands to understand, identify, engage and acquire connected consumers. Powered by ● Mobile Intelligence ● Transparent ● Always On ● Integrated InMobi Marketing Cloud Understand & Identify Engage & Acquire 2020: Celebrating the Era of the Connected Consumer
  33. India’s #1 Lockscreen Content Platform www.glance.com Launch Sustained engagement Affinity buildingScreen-zero storytelling for brands 2020: Celebrating the Era of the Connected Consumer
  34. Shaping Consumer Experiences Driving Industry Innovation Building global thought leadership Ranked 3rd among World’s Top 10 Innovative Companies 2018 CNBC 50 Disruptor List 50 Disruptive Companies About InMobi Group InMobi Group’s mission is to power intelligent, mobile-first experiences for enterprises and consumers. Its businesses across advertising, marketing, data and content platforms are shaping consumer experience in a world of connected devices. The group's portfolio companies include InMobi Marketing Cloud, TruFactor - a Secure Data Platform for businesses, and Glance - the world's first Screen Zero. InMobi Group has been recognized on both the 2018 and 2019 CNBC Disruptor 50 list and as one of Fast Company’s 2018 World’s Most Innovative Companies. For more information, visit inmobi.com Mobile Marketing Handbook – India, 20202020: Celebrating the Era of the Connected Consumer
  35. Access the complete report at https://inmobi.com/2020IndiaYearbook Mobile Marketing Handbook – India, 2020 38
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