Ogilvy, Opinium and LinkedIn recently joined together to research the first global study of B2B influence. The intent was to explore how B2B marketers could “harness the power of influence, to make meaningful impact on business performance”.
Sanesh Maharaj, Ogilvy’s South Africa head of influence, says the resulting survey, ‘Influencing Business: The Global Rise of B2B Influencer Marketing’, reveals “exceptional value for businesses in participating and earning attention within these emerging spheres of influence”.
“Our research validates this industry shift with proven results from credible business leaders. Thought leaders and commentators have migrated to new media spaces to create business communities, reshaping how people share, learn, and discuss business. This transformation is redefining the future of stakeholder engagement,” he said in a press release.
A finding in South Africa, for example, show that 73% of South African decision-makers are more receptive to information from research organisations, showing a preference for data-driven insights, followed by business leaders (48%) and industry journalists or reporters (36%).
Growth opportunity
The research delves into the next significant growth opportunity for brands aiming to influence decisions, stimulate growth, and cultivate meaningful connections among enterprises.
Spanning 11 markets, which include the US, UK, France, Saudi Arabia, UAE, Kenya, South Africa, Singapore, Vietnam, the Philippines, and Malaysia, the study showcases insights gathered from over 500+ senior marketers, complemented by an interview series featuring brands who are utilising B2B influence.
“The South African B2B landscape is set to grow exponentially, due to unique purchase point triggers. Businesses seek increased conversions, relying on data, services, and content creators for digital endorsements and brand integration,” says Zimasa Vabaza, entrepreneur and content creator.
Content creators
“More businesses will need creators who can help drive awareness; making content creators indispensable for businesses to sell and tell their story.”
It’s clear B2B influencer marketing is gaining prominence among business-to-business brands, outperforming brand-only marketing by a remarkable 67%.
Since 2016, the global market has grown over 20x, with 62% of TikTok users making purchases based on app reviews and promotions. This study highlights the significant impact of B2B Influencer marketing on brand perception and purchase decisions.
Five billion users
Goldman Sachs predicts the creator economy will hit $500 billion by 2027, with leading social platforms like YouTube (2.2 billion), Instagram (1.4 billion), and TikTok (1 billion) reaching nearly five billion monthly active users. This growth is driven by daily content creators.
The report covers South Africa, Kenya, and global markets, revealing key findings such as:
- In African industries, technology (56%) leads in influencer marketing, followed by financial services and healthcare. In South Africa, retail (62%) takes the lead, while Kenya leads in property and real estate (54%). These trends are influenced by each country’s unique economic advancements and socio-economic demands, with opportunities in financial services (41%) and healthcare (29%).
- 73% of South African decision-makers are more receptive to information from research organisations, showing a preference for data-driven insights, followed by business leaders (48%) and industry journalists or reporters (36%).
- In Kenya, 64% of business executives highly value industry-expert consultants.
- Across Africa, 59% of executives confirm that external B2B influencers positively impact employee performance by inspiring new ideas and boosting productivity.
- Globally, 49% of C-Suite marketers believe influencers enhance the brand’s credibility and trustworthiness.
Samantha Presbury, managing director of Ogilvy Public Relations, says, “The data yielded from this B2B research has provided invaluable insights into the opportunities that lie ahead for our clients and South African business at-large. Ogilvy’s Influencer offering is positioned to venture into new frontiers, enabling us to gain a distinct competitive edge.”
Businesses are propelled to grasp the value of authentic partnerships, as they can dominate industry conversations, shaping their reputations.
Moreover, in the ever-evolving ecommerce landscape, entrepreneurs and businesses are harnessing Influencers to boost sales and create entirely new ventures within the creator economy’s realm.
