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2024 B2B Sales & Marketing Benchmark Report

2024 B2B Sales & Marketing Benchmark Report

Pages 87 Pages

The 2024 Norwest B2B Sales & Marketing Benchmark Report reveals a shift toward efficiency over growth-at-all-costs. Marketing budgets dropped up to 50% year-over-year, especially for $25M–$100M firms. Top challenges include proving value, long sales cycles, and customer churn. Product marketing is in highest demand. Over 70% of companies >$15M revenue now have sales enablement functions. Generative AI adoption is accelerating, especially for segmentation and pipeline management. PE-backed firms are more confident in revenue targets, while VC-backed firms are cautious.

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