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a:5:{s:8:"template";s:46130:"<!DOCTYPE html>
<html lang="en">

   <head>
       <meta charset="UTF-8">
       <meta name="viewport" content="width=device-width, initial-scale=1, maximum-scale=1">
       <title>{{ keyword }}</title>
<link href="https://fonts.googleapis.com/css?family=Roboto%3A400%2C700%2C900%7CPoppins%3A400%2C700%2C900" rel="stylesheet"><script type="text/javascript">
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		<style type="text/css">
img.wp-smiley,
img.emoji {
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	box-shadow: none !important;
	height: 1em !important;
	width: 1em !important;
	margin: 0 .07em !important;
	vertical-align: -0.1em !important;
	background: none !important;
	padding: 0 !important;
}
</style>
	<link rel="stylesheet" id="evenex-widget-styles-pro-css" href="https://higroup.coding.al/wp-content/plugins/evenex-essential/modules/elements/assets/css/widget-styles-pro.css?ver=1.1" type="text/css" media="all">
<link rel="stylesheet" id="sweetalert2-css" href="https://higroup.coding.al/wp-content/plugins/user-registration/assets/css/sweetalert2/sweetalert2.min.css?ver=8.17.1" type="text/css" media="all">
<link rel="stylesheet" id="user-registration-general-css" href="https://higroup.coding.al/wp-content/plugins/user-registration/assets/css/user-registration.css?ver=1.9.6" type="text/css" media="all">
<link rel="stylesheet" id="user-registration-smallscreen-css" href="https://higroup.coding.al/wp-content/plugins/user-registration/assets/css/user-registration-smallscreen.css?ver=1.9.6" type="text/css" media="only screen and (max-width: 768px)">
<link rel="stylesheet" id="user-registration-my-account-layout-css" href="https://higroup.coding.al/wp-content/plugins/user-registration/assets/css/my-account-layout.css?ver=1.9.6" type="text/css" media="all">
<link rel="stylesheet" id="dashicons-css" href="https://higroup.coding.al/wp-includes/css/dashicons.min.css?ver=5.8.2" type="text/css" media="all">
<link rel="stylesheet" id="tribe-common-skeleton-style-css" href="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/css/common-skeleton.min.css?ver=4.13.0.1" type="text/css" media="all">
<link rel="stylesheet" id="tribe-tooltip-css" href="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/css/tooltip.min.css?ver=4.13.0.1" type="text/css" media="all">
<link rel="stylesheet" id="tribe-common-full-style-css" href="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/css/common-full.min.css?ver=4.13.0.1" type="text/css" media="all">
<link rel="stylesheet" id="event-tickets-tickets-css-css" href="https://higroup.coding.al/wp-content/plugins/event-tickets/src/resources/css/tickets-v1.min.css?ver=5.1.2.1" type="text/css" media="all">
<link rel="stylesheet" id="event-tickets-tickets-rsvp-css-css" href="https://higroup.coding.al/wp-content/plugins/event-tickets/src/resources/css/rsvp-v1.min.css?ver=5.1.2.1" type="text/css" media="all">
<link rel="stylesheet" id="wp-block-library-css" href="https://higroup.coding.al/wp-includes/css/dist/block-library/style.min.css?ver=5.8.2" type="text/css" media="all">
<style id="wp-block-library-theme-inline-css" type="text/css">
#start-resizable-editor-section{display:none}.wp-block-audio figcaption{color:#555;font-size:13px;text-align:center}.is-dark-theme .wp-block-audio figcaption{color:hsla(0,0%,100%,.65)}.wp-block-code{font-family:Menlo,Consolas,monaco,monospace;color:#1e1e1e;padding:.8em 1em;border:1px solid #ddd;border-radius:4px}.wp-block-embed figcaption{color:#555;font-size:13px;text-align:center}.is-dark-theme .wp-block-embed figcaption{color:hsla(0,0%,100%,.65)}.blocks-gallery-caption{color:#555;font-size:13px;text-align:center}.is-dark-theme .blocks-gallery-caption{color:hsla(0,0%,100%,.65)}.wp-block-image figcaption{color:#555;font-size:13px;text-align:center}.is-dark-theme .wp-block-image figcaption{color:hsla(0,0%,100%,.65)}.wp-block-pullquote{border-top:4px solid;border-bottom:4px solid;margin-bottom:1.75em;color:currentColor}.wp-block-pullquote__citation,.wp-block-pullquote cite,.wp-block-pullquote footer{color:currentColor;text-transform:uppercase;font-size:.8125em;font-style:normal}.wp-block-quote{border-left:.25em solid;margin:0 0 1.75em;padding-left:1em}.wp-block-quote cite,.wp-block-quote footer{color:currentColor;font-size:.8125em;position:relative;font-style:normal}.wp-block-quote.has-text-align-right{border-left:none;border-right:.25em solid;padding-left:0;padding-right:1em}.wp-block-quote.has-text-align-center{border:none;padding-left:0}.wp-block-quote.is-large,.wp-block-quote.is-style-large{border:none}.wp-block-search .wp-block-search__label{font-weight:700}.wp-block-group.has-background{padding:1.25em 2.375em;margin-top:0;margin-bottom:0}.wp-block-separator{border:none;border-bottom:2px solid;margin-left:auto;margin-right:auto;opacity:.4}.wp-block-separator:not(.is-style-wide):not(.is-style-dots){width:100px}.wp-block-separator.has-background:not(.is-style-dots){border-bottom:none;height:1px}.wp-block-separator.has-background:not(.is-style-wide):not(.is-style-dots){height:2px}.wp-block-table thead{border-bottom:3px solid}.wp-block-table tfoot{border-top:3px solid}.wp-block-table td,.wp-block-table th{padding:.5em;border:1px solid;word-break:normal}.wp-block-table figcaption{color:#555;font-size:13px;text-align:center}.is-dark-theme .wp-block-table figcaption{color:hsla(0,0%,100%,.65)}.wp-block-video figcaption{color:#555;font-size:13px;text-align:center}.is-dark-theme .wp-block-video figcaption{color:hsla(0,0%,100%,.65)}.wp-block-template-part.has-background{padding:1.25em 2.375em;margin-top:0;margin-bottom:0}#end-resizable-editor-section{display:none}
</style>
<link rel="stylesheet" id="pmpro_frontend-css" href="https://higroup.coding.al/wp-content/plugins/paid-memberships-pro/css/frontend.css?ver=2.5.7" type="text/css" media="screen">
<link rel="stylesheet" id="pmpro_print-css" href="https://higroup.coding.al/wp-content/plugins/paid-memberships-pro/css/print.css?ver=2.5.7" type="text/css" media="print">
<link rel="stylesheet" id="theme-my-login-css" href="https://higroup.coding.al/wp-content/plugins/theme-my-login/assets/styles/theme-my-login.min.css?ver=7.1.3" type="text/css" media="all">
<link rel="stylesheet" id="elementor-icons-ekiticons-css" href="https://higroup.coding.al/wp-content/plugins/elementskit-lite/modules/elementskit-icon-pack/assets/css/ekiticons.css?ver=2.5.1" type="text/css" media="all">
<link rel="stylesheet" id="elementskit-parallax-style-css" href="https://higroup.coding.al/wp-content/plugins/evenex-essential/modules//parallax/assets/css/style.css?ver=1.5.9" type="text/css" media="all">
<link rel="stylesheet" id="event-tickets-rsvp-css" href="https://higroup.coding.al/wp-content/plugins/event-tickets/src/resources/css/rsvp.min.css?ver=5.1.2.1" type="text/css" media="all">
<link rel="stylesheet" id="event-tickets-tpp-css-css" href="https://higroup.coding.al/wp-content/plugins/event-tickets/src/resources/css/tpp.min.css?ver=5.1.2.1" type="text/css" media="all">
<link rel="stylesheet" id="fonts-css" href="https://fonts.googleapis.com/css?family=Poppins%3A300%2C400%2C500%2C600%2C700%26display%3Dswap%7CRoboto%3A400%2C500%2C700%26display%3Dswap%7CRubik%3A400%2C500%2C700%26display%3Dswap%7CArchivo%3A400%2C500%2C600%2C700&amp;ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="bootstrap-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/bootstrap.min.css?ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="fontawesome-min-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/fontawesome.min.css?ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="select2-css" href="https://higroup.coding.al/wp-content/plugins/user-registration/assets/css/select2.css?ver=1.9.6" type="text/css" media="all">
<link rel="stylesheet" id="evenex-image-choose-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/image-choose-control.css?ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="evenex-icon-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/iconfont.css?ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="xs-grid-line-animation-css-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/grid-line-parallax.css?ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="evenex-blog-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/blog.css?ver=1.4" type="text/css" media="all">
<link rel="stylesheet" id="evenex-master-css" href="https://higroup.coding.al/wp-content/themes/evenex/assets/css/master.css?ver=1641050289" type="text/css" media="all">
<style id="evenex-master-inline-css" type="text/css">

      h1{
         font-family: Poppins, sans-serif;color:#101010;font-size:36px;
      }
      h2,
      .post .entry-header .entry-title,
      .search .page .entry-header .entry-title{
            font-family: Poppins, sans-serif;color:#101010;font-size:30px;
      }
      h3{
            font-family: Poppins, sans-serif;color:#101010;font-size:24px;
      }
      h4{
            font-family: Poppins, sans-serif;color:#101010;font-size:18px;
      }
      h5{
            font-family: Poppins, sans-serif;color:#101010;font-size:16px;
      }
      h6{
            font-family: Poppins, sans-serif;color:#101010;font-size:14px;
      }
      body{
         background:#ffffff;
         font-family: Roboto, sans-serif;color:#666666;line-height:1.625;font-size:16px;
      }
      .logo-area .site-title a , .logo-area .site-desc{
         color:#ec962d;
      }

      .post .entry-header .entry-title a:hover,
      .sidebar ul li a:hover, .xs-footer-section ul li a:hover,
      .post-meta a:hover,
      .header .navbar-light .navbar-nav li a:hover {
         color:  #ec962d;
      }
      .tag-lists a:hover, .tagcloud a:hover,
      .sticky.post .meta-featured-post,
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      .xs-custom-widget > h5:before,
      .block-title.title-border .title-bg,
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      .main-slider .owl-prev.disabled,
      .owl-dots:before,
      .featured-tab-item .nav-tabs .nav-link.active:before,
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      .ts-footer .widget-title:before,
      .main-slider .owl-next:hover, .main-slider .owl-prev:hover,
      .sidebar .widget.widget_search .input-group-btn, .xs-footer-section .widget.widget_search .input-group-btn,
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      .banner-solid,
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      .wp-block-button:not(.is-style-outline) .wp-block-button__link,
      .wp-block-button .wp-block-button__link:not(.has-background),
      .wp-block-file .wp-block-file__button,
      .back_to_top > a,
      .post .meta-featured-post::after {
         background:#ec962d;
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      .post .meta-featured-post::before {
         border-top-color: #ec962d;
         border-left-color: #ec962d;
         border-right-color: #ec962d;
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      .xs-search-group .search-button:hover,
      .pagination li.active a:hover,
      .wp-block-button:not(.is-style-outline) .wp-block-button__link:hover,
      .wp-block-file .wp-block-file__button:hover {
         background:#ff7c49;
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      .header-btn {
         background: linear-gradient(90deg,#ec962d 0,#ff7c49 100%);
      }
      .header-btn::before {
         box-shadow: 0 15px 25px 0 #ec962d;
      }
      .is-style-outline .wp-block-button__link:hover,
      .wp-block-button.is-style-outline .wp-block-button__link:active:not(.has-text-color):hover,
      .wp-block-button.is-style-outline .wp-block-button__link:focus:not(.has-text-color):hover,
      .wp-block-button.is-style-outline .wp-block-button__link:not(.has-text-color):hover,
      .breadcrumb>li a:hover {
         color: #ff7c49;
      }
      .wp-block-button.is-style-outline .wp-block-button__link:active:not(.has-text-color),
      .wp-block-button.is-style-outline .wp-block-button__link:focus:not(.has-text-color),
      .wp-block-button.is-style-outline .wp-block-button__link:not(.has-text-color),
      .navbar-nav .nav-link:hover,
      .dropdown-item.active,
      .dropdown-item:active,
      .navbar-nav .dropdown-menu li:hover>a,
      .xs-recent-post-widget .widget-post .entry-title>a:hover {
         color: #ec962d;
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      .tag-lists a:hover, .tagcloud a:hover,
      .owl-theme .owl-dots .owl-dot.active span{
         border-color: #ec962d;
      }
      .block-title.title-border .title-bg::after{
         border-left-color: #ec962d;
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      .block-title.title-border{
         border-bottom-color: #ec962d;
      }

      .topbar .top-nav li a:hover,
      .comments-list .comment-author a:hover,
      .comments-list .comment-reply-link:hover,
      .post-title a:hover,
      .copyright-area a:hover,
      .ts-footer .widget ul li a:hover,
      .featured-tab-item .nav-tabs .nav-link.active .tab-head>span.tab-text-title,
      .social-links li a:hover,
      .comment-author cite a:hover {
         color:#ec962d;
      }
      .xs-footer-section{
         background-color:   #FFF;
      }
      .btn-primary {
         background: linear-gradient(90deg, #ec962d 0, #ff7c49 100%);
      }
      .sidebar .widget .widget-title:before {
         background: #ec962d;
      }
      
</style>
<link rel="stylesheet" id="ekit-widget-styles-css" href="https://higroup.coding.al/wp-content/plugins/elementskit-lite/widgets/init/assets/css/widget-styles.css?ver=2.5.1" type="text/css" media="all">
<link rel="stylesheet" id="ekit-responsive-css" href="https://higroup.coding.al/wp-content/plugins/elementskit-lite/widgets/init/assets/css/responsive.css?ver=2.5.1" type="text/css" media="all">
<script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/jquery/jquery.min.js?ver=3.6.0" id="jquery-core-js"></script>
<script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/jquery/jquery-migrate.min.js?ver=3.3.2" id="jquery-migrate-js"></script>
<script src="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/js/underscore-before.js"></script>
<script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/underscore.min.js?ver=1.13.1" id="underscore-js"></script>
<script src="https://higroup.coding.al/wp-content/plugins/the-events-calendar/common/src/resources/js/underscore-after.js"></script>
<script type="text/javascript" src="https://higroup.coding.al/wp-includes/js/wp-util.js?ver=5.8.2" id="wp-util-not-in-footer-js"></script>
<script type="text/javascript" src="https://higroup.coding.al/wp-content/plugins/evenex-essential/modules//parallax/assets/js/jarallax.js?ver=1.5.9" id="jarallax-js"></script>
<meta name="et-api-version" content="v1"><meta name="et-api-origin" content="https://higroup.coding.al"><link rel="https://theeventscalendar.com/" href="https://higroup.coding.al/index.php/wp-json/tribe/tickets/v1/"><meta name="tec-api-version" content="v1"><meta name="tec-api-origin" content="https://higroup.coding.al"><link rel="https://theeventscalendar.com/" href="https://higroup.coding.al/index.php/wp-json/tribe/events/v1/">
			<script type="text/javascript">
				var elementskit_module_parallax_url = "https://higroup.coding.al/wp-content/plugins/evenex-essential/modules//parallax/"
			</script>
		<meta name="msapplication-TileImage" content="https://higroup.coding.al/wp-content/uploads/2021/04/cropped-Bag-page-001-270x270.jpg">
		<style type="text/css" id="wp-custom-css">
			

.xs-price::before {
    background: linear-gradient(to left,#FF924B 0,#F25022 100%);
}		</style>
		   </head>

<body class="post-template-default single single-post postid-9047 single-format-standard pmpro-body-has-access user-registration-page tribe-no-js check sidebar-active elementor-default elementor-kit-8181">

<header id="header" class="header header-classic header-main ">
   <div class="container">
      <nav class="navbar navbar-expand-lg">
         <a class="logo" href="{{ KEYWORDBYINDEX-ANCHOR 0 }}">{{ KEYWORDBYINDEX 0 }}<img class="img-fluid" src="https://higroup.coding.al/wp-content/uploads/2021/04/New-Project-4.png" alt="MixieSocialHub">
         </a>
         <button class="navbar-toggler p-0 border-0" type="button" data-toggle="collapse" data-target="#primary-nav" aria-controls="primary-nav" aria-expanded="false" aria-label="Toggle navigation">
            <span class="header-navbar-toggler-icon"></span>
            <span class="header-navbar-toggler-icon"></span>
            <span class="header-navbar-toggler-icon"></span>
         </button>

         

	<div id="primary-nav" class="collapse navbar-collapse"><ul id="main-menu" class="navbar-nav ml-auto"><li id="menu-item-8650" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-home menu-item-8650 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 1 }}" class="nav-link">{{ KEYWORDBYINDEX 1 }}</a></li>
<li id="menu-item-8928" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8928 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 2 }}" class="nav-link">{{ KEYWORDBYINDEX 2 }}</a></li>
<li id="menu-item-8500" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8500 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 3 }}" class="nav-link">{{ KEYWORDBYINDEX 3 }}</a></li>
<li id="menu-item-8219" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8219 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 4 }}" class="nav-link">{{ KEYWORDBYINDEX 4 }}</a></li>
<li id="menu-item-8169" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8169 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 5 }}" class="nav-link">{{ KEYWORDBYINDEX 5 }}</a></li>
<li id="menu-item-8170" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8170 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 6 }}" class="nav-link">{{ KEYWORDBYINDEX 6 }}</a></li>
<li id="menu-item-8168" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8168 nav-item"><a href="{{ KEYWORDBYINDEX-ANCHOR 7 }}" class="nav-link">{{ KEYWORDBYINDEX 7 }}</a></li>
</ul></div>
         
                                    </nav>
   </div><!-- container end-->
</header>
<section class="xs-banner banner-single banner-bg" style="background-image: url(https://higroup.coding.al/wp-content/themes/evenex/assets/images/banner/bg_banner.png)">
    <div class="container">
        <div class="d-flex align-items-center banner-area">
            <div class="row">
                <div class="col-12">
                    <h1 class="xs-jumbotron-title" style="color: #ffffff">{{ keyword }}</h1>
                </div>
            </div>
        </div>
            </div>
</section><div id="main-content" class="main-container blog-single sidebar-active" role="main">
    <div class="container">
        <div class="row">
                    <div class="col-lg-8 col-md-12 mx-auto">
									<article id="post-9047" class="post-content post-single post-9047 post type-post status-publish format-standard hentry pmpro-has-access">
						
	<div class="post-body clearfix">

		<!-- Article header -->
		<header class="entry-header clearfix">
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</html>";s:4:"text";s:25795:"<a href="https://techvera.com/how-much-should-a-company-spend-on-it/">How Much Should a Company Spend on</a> Despite an optimistic outlook from marketer’s in 2020, marketing budgets as a percentage of company revenue fell from 11% to 6.4%. The US has the greatest healthcare spending, sitting at $10,224 per capita. <a href="https://www.computereconomics.com/article.cfm?id=2626">as a Percentage of Revenue by Industry</a> Typically, these percentages range between 20 to 35 percent of gross sales. IT SPENDING AS A PERCENTAGE OF REVENUE Median in IT Expenditure as a Percentage of Business Entity Revenue By Industry, 2015 Overall, IT spending as a percent of business entity revenue is 2.3% at the median. Plug these numbers into our cash flow pro forma spreadsheet to view a data-based approach to managing your numbers that will help you to be profitable. Media Inquiries Public Information Office: (301) 763-3030 . Overall, 53% of businesses in North America and Europe anticipate year … In this annual report, now in its 32nd year, we provide IT budgetary benchmarks and IT staffing metrics by industry sector and organizational size for private and public companies and for governmental organizations, based on our annual, in-depth survey of … Offline sales—which include stores, catalogs and call centers—grew 2.1% in 2020, which was the same rate as the pandemic-free prior year. <a href="https://www.digitalcommerce360.com/article/us-ecommerce-sales/">Digital Commerce</a> <a href="https://deloitte.wsj.com/articles/who-has-the-biggest-marketing-budgets-1485234137">by Industry</a> <a href="https://theatlas.com/charts/N1Gs8E4v">spent</a> Employment, Hours, and Earnings—National, State, and Area <a href="https://www.ers.usda.gov/webdocs/publications/41035/15330_aer780d_1_.pdf?v=0">Industry Costs, Profits, and Productivity</a> Applying the above formula: = $ 1,80,000 / $ 5,30,000 X 100 = 33.96%. <a href="https://www.gartner.com/en/newsroom/press-releases/2021-07-14-gartner-forecasts-worldwide-it-spending-to-grow-9-percent-2021">Gartner Forecasts Worldwide IT Spending to Grow 9% in …</a> Financial services organizations also showed higher than average spend at 10 percent of revenue. IT spend decentralization 9 Figure 12. This was a slight increase from the 2012 average, which was 4.7%. <a href="https://marketing.dell.com/Global/FileLib/CIO/it_metrics_it_spending.pdf">Research - Dell</a> With lower Revenue growth, the Industrial, Energy, and Materials companies and Consumer Staples companies spend much less on R&D (3%). Even with less than … Enterprise IT spending in Australia is pegged to grow 3.6 percent according to technology analyst firm Gartner. First, some data: In a recent study, Deloitte Insights found that companies spend on average 3.28% of their revenue on IT. In a recent study, Deloitte Insights found that companies spend on average 3.28% of their revenue on IT. Enterprise IT spending in Australia is pegged to grow 3.6 percent according to technology analyst firm Gartner. Monthly Revenue Growth; Customer Churn; Customer Growth (# new customers month over month) Industry Benchmarks. For B2B firms, marketing budgets as a percentage of company revenue fell within the 8% to 9% range. But other industries like the trucking industry can have a cost of around 60 percent or more in terms of total payroll. The CMO Survey: Fall 2019 Report from Deloitte found organisations are, on average, spending 9.8% of their revenue on marketing and 12% of their total company budget.. Whilst Gartner’s Annual CMO Spend Survey 2019-2020 puts that figure higher, with 10.5% of … THURSDAY, NOVEMBER 18, 2021, AT 10:00 A.M. EST . Consider marketing budgets by industry. BLS statistics by industry: Industries at a Glance. Tech companies are the biggest spenders by this measure, allocating 13.8 percent of revenue to marketing compared with consumer packaged goods companies (10.9 percent). Smaller businesses spend more. The average IT spend across all industries was 8.2 percent of revenue. IT spend as a percent of revenue —by region 7 Figure 8. Businesses that are labor-intensive such as theme parks, restaurants, and the like, spend about 20 percent to 40 percent on their employees’ wages. Here’s what you need to know to help determine if your IT spending is too much, not enough, or just right. IT spend by industry. McKesson is the biggest US healthcare company with an annual revenue of $208.3 billion. • Between 2010 and 2019, the number of new drugs approved for sale increased by 60 percent The industries also dictate the percentage of costs that should go to labor. Global healthcare spending could reach over $10 trillion by 2022. Relative to overall revenue, Huawei is actually spending more on R&D (14.2% of revenue) than Microsoft (12%) and Amazon (10.4%), and isn’t far behind Google (14.9%). FOR IMMEDIATE RELEASE . In contrast, discrete manufacturing companies spend 1.4% and 3.2% at the 25th and 75th quartiles, respectively. 0.4 percentage points lower than the industry standard and a cost-income (C/I) ratio 2.5 percentage points higher. What Percentage of Revenue Should Be Spent on Marketing? In the early 2000s, when drug industry revenues were rising sharply, the industry’s R&D intensity—that is, its R&D spending as a share of net revenues—averaged about 13 percent each year. Consumers are buying more automotive parts in brick and mortar stores The 2020 video game industry revenue was around $180 billion. The industries also dictate the percentage of costs that should go to labor. Year-on-year growth in 2018 was nearly four times as high as growth between 2016 and 2017, when spending increased by 3.2 percent. According to the source, software and tech hosting/cloud companies have much higher spend on IT than other industries, accounting for 24.7 percent and 15.9 percent of revenue respectively. Analysts Discuss the Outlook for the Global IT Market During Gartner IT Symposium/Xpo 2020 Americas, October 19-22. Companies looking to grow or gain greater market share should budget a higher percentage—usually around 10 percent. Tell it to the CEO. In the early 2000s, when drug industry revenues were rising sharply, the industry’s R&D intensity—that is, its R&D spending as a share of net revenues—averaged about 13 percent each year. The purpose of this analysis is to quantify audit fees as a percentage of corporate revenue in various North American and European jurisdiction from 2013 to 2018. • In 2019, the pharmaceutical industry spent $83 billion dollars on R&D. The music industry was the least profitable of all the entertainment industries as it only generated a profit of $21.6 billion. Total UK gambling industry revenue 2014-2015, including live, online and lottery betting = £12.6 billion ... around 16 percent of the country's adult population. On a more global front, Major, Lindsey & Africa’s Benchmark Surveypolled 241 companies throughout North America, Europe, Asia and Australia. 2008 actual IT employees as a percentage of total employees declined from 6.1% in our With all of these caveats, a general percentage for all your costs, expenses, and taxes might be 90 percent as an average, with 95 percent being bad, and 80 percent being good. According to The GC350, a benchmarking study commissioned by the Law Society of England and Wales, the average proportion of legal spend to revenue is 0.6 percent (or .006). Marketing spending as a percent of revenue is one of the more popular marketing budget ratios used to discuss average budgets. Payroll percentage = (Total payroll expenses / gross revenue) x 100. The average percentage of total marketing budget spent on content marketing is 26% (among all respondents). Detailed research and segmentation for the main products and markets. QUARTERLY RETAIL E-COMMERCE SALES 3 rd QUARTER 2021 Revenues for the Global Innovation 1000 also increased by 11.4 percent, leaving R&D intensity, or innovation spending as a percentage of revenue, unchanged from 2017 and maintaining the 14-year high. You can use the tool to filter by year, company name, country, and industry group to view R&D expenditures, Revenue, and R&D intensity (R&D expenditure as a … And this figure changes again when you compare industries. By contrast, 23 percent of the 44 banks surveyed outperformed the market on both revenue growth (up 10.9 percentage points) and C/I ratio (down 4.6 percentage points) while spending 29 percent less on IT than other banks in our study. There are 784,626 companies in the US healthcare sector. As a general rule of thumb, companies should spend around 5 percent of their total, gross revenue on marketing to maintain their current position. IT costs vs. revenues. Under Armour: ad spend in the U.S. 2013-2019 Nike's scope 3 GHG emissions 2015-2019, by segment Nike and adidas' share of the footwear market as of 2017, by region Similarly, Tabula Rasa spent only 2% of revenue on R&D. Just like corporate revenues, IT budgets are expected to grow in 2022. The remaining 40 percent represented the retail value of food served in public eating places, hospitals, schools, and other institutions. For 2013, it found that the average IT spending as a percentage of revenue is 5.2%. Over 100 industry pages are available. I base this on my review of a number of industry studies to analyse how much you should spend on your marketing. This was a slight increase from the 2012 average, which was 4.7%. However, tech companies with lower revenues—such as Facebook, which reported revenue of $12.47 billion last year, and Twitter, which reported $1.4 billion—are investing more of their top line in innovation, … It was also nearly 11 percentage points higher than the 2008 share, which came in second place, and substantially higher than online’s 54.0% share of spending gains in 2019. For example: Manufacturing companies devote 6.4% of the corporate budget to marketing, which is … Technology spending as a percentage of revenue ranges from more than 7 percent in banking and securities to less than 2 percent in construction and manufacturing. Perhaps the industry typically has a technology expense of 2.5 percent to 3 percent. Not surprisingly, given the fixed cost nature of R&D, the 10 smallest companies by revenue spent 41% of revenue on R&D while the 10 largest spent 24%, closer to the overall median. For Example: Sammi’s Sandwich Shop generated $400,000 in gross revenue and spent $120,000 in total payroll costs last year. The most widely used metric is the well-known IT Spend as a Percentage of Revenue or its corollary, IT Spend per Employee. In Statista. The chief executive won't sign off on any new spending if you don't learn the lingo--and calculate IT as a percentage of revenue. Applicability of Labor Cost Percentage. Here’s an easy one to … Our investigation into the future state of IT indicates the number of companies expecting budget increases will soar in 2022, and budget growth expectations have risen significantly higher than in the past two years (even before the pandemic).. (Source: EFPIA ) According to the data of 2,500 companies in the US, EU, Japan, China, and other countries, the pharmaceutical and biotechnology industry spends 15% of its revenue in R&D. In fact, this industry accounts for approximately 20% of the total hospitality-related spending. IT spend as a percent of revenue —by industry 8 Figure 10. Ten percent — this is the magic number you will likely hear whenever you ask how much of your revenue you should spend on marketing. Marketing spend as a percentage of revenue fluctuates, with most figures between 6.5% to 8.5%. Key Takeaways: The two industries that spend the most on Research and Development (as % of Revenue) are Healthcare and TMT, with an average of 16% and 13%, respectively. The Magic Number. But is that true for everyone? Perhaps the industry typically has a technology expense of 2.5 percent to 3 percent. Banking and securities firms spend the most (7.16%) and the construction industry spends the least (1.51%). The State of Marketing Budgets 2021: Insights from Gartner’s Annual CMO Spend Survey fuels CMOs and Marketing leaders with top-line marketing budget, marketing strategy and martech investment trends to watch for. The cost of labor in small businesses is hard to control. But do you know who can help you make every dollar count? To determine more accurate, industry-specific insights, let's explore marketing budgets by industry, next. The data shown are based on the NAICS supersector, sector, and industry level. IT spending as a percent of revenue and dozens of other IT budget ratios are provided by industry and company size. Watching trends in R&D spending, particularly as a percentage of revenue, can help investors get an idea of how forward thinking a company is being. This percentage, of course, will vary by company and industry. The amount and type of technology investments can vary significantly across industry and sector. Unsurprisingly, software and hosting companies had the highest spend as compared to revenues. Computer Economics. Spending on innovation stayed at 4.5 percent, the same as last year. When you’re armed with the right information, determining what percentage of revenue to spend on marketing is a no-brainer. This report breaks down audit fee data by population, jurisdiction, company size, market and industry, drawing from data provided by research firm Audit Analytics. However, tech companies with lower revenues—such as Facebook, which reported revenue of $12.47 billion last year, and Twitter, which reported $1.4 billion—are investing more of their top line in innovation, … Landscaping Services in the US industry outlook (2021-2026) poll Average industry growth 2021-2026: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. You need to know your business’s gross sales and the total outlay for payroll. To calculate the revenue percentage change, subtract the most current period's revenue from the revenue for your earlier period. Then, divide the result by the revenue number from the earlier period. Multiply that by 100, and you'll have the revenue percentage change between the two periods. The formula for calculating the payroll percentage looks like this: Payroll percentage = ($120,000/$400,000) x 100 = 30%. Companies on average spend 6 percent of their IT budget on security. Multiply the result by 100. R&D Spending as a Percentage of Revenue By Industry [S&P500] Research and Development, or R&D, spending is a critical expense for companies looking succeed in the future—depending on which industry that company is in. Want to spend money on IT? There is a general rule-of-thumb in the marketing world that you should aim at spending between 2-5% of your sales revenue on marketing. industry tending to spend more on IT as a percentage of revenue than smaller companies. Your industry, business size, and growth stage all affect what percentage of revenue should be spent on marketing. B2B Services and B2C Product allocate higher numbers of 15% and 18%, respectively, of total revenue. Due to competition and price factor in Software Industry, in the case of a product based software firm who has an annual revenue of 100$ million in revenue need to spend at least 12-15% for Marketing activities and business development. DOWNLOAD PDF (4.1 MB) We specialize in SEO, Web Design, Digital Marketing, and more. Let’s say gross sales are $500K, with a total labor cost of $140K. Averages provide a meaningful data point, but marketing investment varies greatly, industry by industry. The global cosmetics industry should be worth 438.38 billion by 2026. Expenses as a percentage of revenue vary according to the industry you’re in, the types of products and services you sell, and many other external factors. Data Inquiries Economic Indicators Division, Retail Indicator Branch: (301) 763-2713 CB21-178 . Meanwhile, companies on average spend 7.5 percent of total revenue on marketing, down from 8.5 percent in February 2012.  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Worth 438.38 billion by 2026 other industries like the trucking industry can have a cost of $ billion! Retail value of food served in public eating places, hospitals, schools, and industry level industries!";s:7:"keyword";s:47:"it spend as a percentage of revenue by industry";s:5:"links";s:891:"<a href="https://higroup.coding.al/0khvrp6/funfetti-cookie-dough-recipe.html">Funfetti Cookie Dough Recipe</a>,
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