Advertisers are currently investing more in influencer marketing, with spending even predicted to increase by 20 percent in 2024. Beauty and fashion are dominating the segment, but influencers in the fields of finance, health, and pharmaceuticals in particular are projected to be in higher demand in the future. Influencers with up to a million followers will profit the most from this. What’s more, TikTok is the platform expected to grow at the strongest rate. Those are the results of an expert survey conducted by DMEXCO in June 2023 among 10 German-based agencies that specialize in marketing products and services with the help of influencers and content creators.
The fashion industry can also benefit from the huge opportunities that digitalization has to offer. With that in mind, Koelnmesse, Deutsches Mode-Institut (DMI), and the German Association for the Digital Economy (BVDW) are coming together to host “Digital Fashion – The Phygital Network”. The first installment of the format will take place on September 20 and 21 as part of Europe’s leading digital marketing & tech event and will combine an exhibition area and a symposium exploring the latest digitalization trends in the fashion industry.