When search engine optimization or SEO was introduced, many said that this marketing discipline was just a fad, and will eventually be irrelevant. However, with the recent development in this discipline, it seems that SEO is and will be playing a great role in improving companies and businesses for years and years to come.
In fact, according to data analysis of Borrell Associates, different agencies and brands will be spending $65.26 billion for SEO. In 2018, the budget for it will skyrocket to $72.02 billion, and then $79.27 billion come 2020.
According to a recently conducted survey where 357 marketers participated, they have found that over 90% of the marketers plan to either increase their SEO budgets or maintain them over the upcoming year. Online marketers are willing to invest in SEO as they are optimistic about its great impact on their business.
The survey has also shown the following results:
- 75% of the marketers are planning to increase their budget on on-site SEO
- 74% want to dedicate more funds on link building
- 71% aim to fund their local SEO projects
- 82% are planning to improve their social media presence
These budget estimates will also be used to develop SEO-dedicated teams and site visitor analysis. Although this data could change, this suggests that SEO has improved even more as compared to what experts previously expected.
Having SEO-dedicated internal staffs are important investments as they will be responsible in interacting with different social media, web development and website CMS platforms, marketing tools and analytics. Moreover, having internal staff gives you better knowledge of what kind of SEO techniques are being used to promote your brand or service.
As for the site visitor analysis, it is vital for companies as it will give them leads as well as opt-in list members. By the year 2020, spending for site visitor analysis will triple up to $4.66 billion.
With these investments, what could be the reasons for SEO’s constant growth? And are these reasons enough for business to invest in building an SEO team? Below are some of the reasons why SEO could continue to grow in the years to come:
Increasing number of user searches – Researchers seem to think that the number of searches per user will likely grow well in the future. This is especially since Google has recently made it official that there are more searches now on mobile than on desktop. Mobile phones have made it easier for different demographics to do an online research about everything that they are curious about. The older generations, who are not really fans of the technology, will make way for the younger ones as they mostly rely on technology for almost everything. With the recent development, users will have easy access to technologies, and it will become faster. This will enable a bigger number of search traffic for every user in circulation.
Bigger number of users – Today, almost 40% of the world’s population has access to the Internet. Compared to the number of users in 1995, which was less than 1 percent, the number of Internet users has increased massively. Since the Internet is becoming more affordable and easier to access to different demographics, the sheer number of search users will possibly increase. It will also affect the per-user search growth. With the fast-paced and innovative technology, it would not be a surprise if soon we wake up enjoying universal availability of the Internet. The convenience of self-driving cars may also be easily available, giving users more time to do online research.
Decreasing need for traditional ads – we will be seeing less and less of traditional advertising methods on billboards and radios. According to marketers, traditional ads have been dying for years. And with the continued rise of modern ad methods, the old ways of promoting brands and services will continue to dwindle in power until they fade away. When this happens, a bigger number of businesses that depend on traditional ads to promote their products will move to modern advertising. They have no option but to try the inbound marketing campaigns in the online world in order to supplement their achievement strategies. The reason behind its death is that traditional ads only talk to the consumers, and the consumers cannot immediately communicate back. On the other hand, online advertising allows consumers and advertisers can to effortlessly engage and have an interactive conversation. Brands can even depend on their loyal clients to promote their products, making it a cheaper and more efficient way to advertise.
Better SEO sophistication – SEO specialists are becoming better at managing and creating more effective SEO campaigns, and they are becoming even more competitive in understating SEO methods. Take keyword research or link building for example – with the improvement in SEO ranking algorithms, these processes became intricate strategies for content development as well as publication.
Despite these great potentials, there are also possibilities of SEO having limited or little growth. For example, since more businesses are getting involved and are investing in SEO, this could mean that there will be more competition to deal with. But with lots of potential technological developments happening in the recent years to come, it’s more likely that SEO will continue to grow in popularity rather than dying outright. This is good news for those who are planning to shift from traditional to modern advertising methods as this could mean better job security. Just be open to possibilities and learn to adapt to changes.