(DM News)
E-mail marketing spending will continue to expand at double-digit rates - 18.5% per year - for the next five years, according to Veronis Suhler Stevenson (VSS), a private equity firm, in its annual Communications Industry Forecast published on August 3. Of all direct marketing segments, e-mail is growing the fastest by far. VSS puts the total spend for e-mail at $11.9 billion in 2008 and, by 2013, it forecasts e-mail will be a $27.8 billion business. “It will be bigger than catalogs and comparable to telesales spending,” said Jim Rutherford, EVP at Veronis Suhler. He said e-mail marketing performed so well because it offers a low-cost alternative to direct mail and other marketing strategies.
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