Martech Budgets Expected to Grow Despite Headwinds: CMO Council Report

This CMO Council report for Sprinklr takes a gloomy position: the headline is 66/% of marketers lack confidence in their ability to meet revenue goals, although that includes 39% who are moderately confident. More cheerfully, 36% are increasing their martech budget for 2023 compared with 25% planning to cut it. Back on the dark side: just 23% say they have a very effective relationship with IT and just 19% strongly agree they can convince their CFO to not cut the marketing budget.