Key Highlights
- 70% of online shoppers abandon their carts, and retargeting can recover up to 26% of those abandoned carts.
- Retargeted visitors are 70% more likely to convert on your website.
- Retargeting ads provide an average click-through rate (CTR) of 0.7%, compared to 0.1% for display ads.
- 71% of customers are frustrated by irrelevant advertising, highlighting the importance of retargeting relevance.
- 47% of paid media budgets are allocated to retargeting.
- Retargeting campaigns can boost conversion rates by up to 150%.
- 80% of mid-market and enterprise marketers use retargeting or remarketing.
- Retargeted visitors are 3 times more likely to click on ads than cold audiences.
- 63% of internet users are annoyed by retargeted ads, leading to the importance of frequency capping.
- Retargeting ads improve brand awareness and recall by up to 200%.
- The average conversion rate for retargeting is 2.85%, while display ads average 0.77%.
- 50% of digital marketers say retargeting is essential for their digital marketing strategies.
- Retargeting can increase online sales by up to 20%, according to some industry sources.
Did you know that while 70% of online shoppers abandon their carts, retargeting can recover up to 26% of those lost sales, making it one of the most powerful tools in a marketer’s arsenal to boost conversions and brand awareness?
Ad Relevance and Customer Frustration
- 71% of customers are frustrated by irrelevant advertising, highlighting the importance of retargeting relevance.
- 63% of internet users are annoyed by retargeted ads, leading to the importance of frequency capping.
- Use of retargeting ads increases ad relevance scores by up to 30%.
Ad Relevance and Customer Frustration Interpretation
Campaign Strategies and Performance Metrics
- Retargeting ads provide an average click-through rate (CTR) of 0.7%, compared to 0.1% for display ads.
- The average conversion rate for retargeting is 2.85%, while display ads average 0.77%.
- The average click-through rate for retargeted ads across all platforms is around 0.7%.
- Retargeting emails generated an average open rate of 45%.
Campaign Strategies and Performance Metrics Interpretation
Consumer Engagement and Behavior
- 60% of consumers say that retargeted ads influence their purchasing decisions.
- 81% of online American shoppers have purchased something after seeing a retargeted ad.
- 91% of users watch more videos with retargeted ads.
- 64% of consumers say retargeted ads remind them of products they viewed.
- 50% of online consumers have purchased after seeing retargeted ads multiple times.
Consumer Engagement and Behavior Interpretation
Market Adoption and Trends
- 47% of paid media budgets are allocated to retargeting.
- 80% of mid-market and enterprise marketers use retargeting or remarketing.
- 50% of digital marketers say retargeting is essential for their digital marketing strategies.
- The global retargeting market is projected to reach $9 billion by 2025.
- 44% of companies say retargeting is crucial to their customer acquisition strategy.
- Over 60% of marketers say retargeting is critical for reaching their target audience.
- Retargeting ads account for about 50% of digital ad spend in many companies.
- Nearly 80% of retargeting impressions are viewed on mobile devices.
- The number of companies using retargeting increased by 65% from 2019 to 2023.
Market Adoption and Trends Interpretation
Retargeting Effectiveness and ROI
- 70% of online shoppers abandon their carts, and retargeting can recover up to 26% of those abandoned carts.
- Retargeted visitors are 70% more likely to convert on your website.
- Retargeting campaigns can boost conversion rates by up to 150%.
- Retargeted visitors are 3 times more likely to click on ads than cold audiences.
- Retargeting ads improve brand awareness and recall by up to 200%.
- Retargeting can increase online sales by up to 20%, according to some industry sources.
- Personalized retargeting ads can increase click-through rates by 3 to 5 times.
- Retargeting ads have a 10X ROI on average.
- Retargeting has a 52% higher conversion rate than non-targeted display ads.
- 65% of marketers see greater ROI from retargeting campaigns compared to other digital ad formats.
- Retargeting can help increase ad engagement rates by up to 400%.
- Retargeted visitors are 70% more likely to complete a purchase than first-time visitors.
- The average retargeting CTR is approximately 0.7%.
- Retargeting increases brand recall by approximately 2 to 4 times.
- Personalized retargeting can lead to a 70% increase in conversions.
- Retargeting can increase ad engagement rates by up to 400% compared to non-retargeted ads.
- The average conversion rate for retargeted ads is roughly 3 times higher than for cold traffic.
- Retargeting campaigns can lead to a 10 to 30 times increase in online conversions.
- Retargeted ads can boost brand awareness by up to 54%.
- 91% of marketers believe retargeting is more effective than traditional advertising.
- Retargeted ads have a 2.5 times higher engagement rate than regular display ads.
- Retargeting can reduce cart abandonment by up to 30%.
- The average retargeted ad spends per person is approximately $50 annually.
Retargeting Effectiveness and ROI Interpretation
Sources & References
- Reference 1CRAZYEGGResearch Publication(2024)Visit source
- Reference 2NEILPATELResearch Publication(2024)Visit source
- Reference 3WORDSTREAMResearch Publication(2024)Visit source
- Reference 4BUSINESSResearch Publication(2024)Visit source
- Reference 5EMARKETERResearch Publication(2024)Visit source
- Reference 6ADROLLResearch Publication(2024)Visit source
- Reference 7CXLResearch Publication(2024)Visit source
- Reference 8ADAGEResearch Publication(2024)Visit source
- Reference 9THINKWITHGOOGLEResearch Publication(2024)Visit source
- Reference 10POWRResearch Publication(2024)Visit source
- Reference 11RESEARCHANDMARKETSResearch Publication(2024)Visit source
- Reference 12STATISTAResearch Publication(2024)Visit source
- Reference 13MAILCHIMPResearch Publication(2024)Visit source
- Reference 14FACEBOOKBUSINESSResearch Publication(2024)Visit source