Are marketing budgets shrinking in the future?

No, marketing budgets are not expected to shrink. Keith Weed explains that competition keeps companies investing in marketing, citing Unilever's own significant increase of 700 million euros in their advertising and promotion budget over two years. This investment came at a time when many competitors were pulling back. Digital technologies, particularly mobile and content development, are enabling better return on marketing investment (ROMI) and clearer accountability of where money is going, but aren't reducing overall spending.