Digital Marketing Trends, Challenges and Opportunities for SMEs: A Systematic Literature Review

Authors

  • Ade Sita Noviana Faculty of Economics and Business, Diponegoro University, Indonesia
  • Helmia Khalifah Sina Faculty of Economics and Business, Diponegoro University, Indonesia
  • Novita Ria Damayanti Faculty of Economics and Business, Diponegoro University, Indonesia
  • I Made Bayu Dirgantara Faculty of Economics and Business, Diponegoro University, Indonesia

Keywords:

Digital Marketing, SMEs, Systematic Literature Review, Business

Abstract

This study aims to determine the trend of digital marketing in the last 7 years. In this study, the research method used was Systematic Literature Review (SLR) analysis using the Watase Uake application. A total of 12 articles were selected for analysis after filtering based on several criteria; keywords “digital marketing strategy SMEs”, title, year range 2018-2024, article qualification (Q1, Q2, Q3), abstract, source (Scopus), and keywords. The results of data analysis show that internet penetration, flexibility and adaptability of SMEs, digital innovation, and competitive market pressure are antecedents of digital marketing. Digital marketing has an impact on businesses related to business performance, growth, and development of marketing strategies, and excellence to survive in a competitive environment. The topic of digital marketing of SMEs was first researched in 2012. Theories that are widely used on this topic are technological acceptance, technology-organization-environment (TOE), Diffusion of Innovation (DOI), Analytical Hierarchy Process (AHP), Technological Acceptance Model 2 (TAM 2), and Unfield Theory of Acceptance and Use of Technology (UTAUT). Countries that have conducted research on this topic are United Kingdom, Italy, Australia, Brazil, Colombia, Indonesia, Saudi Arabia, Spain, Taiwan, United States. The development of research on this topic is increasing from year to year. This research presents a topic that is often discussed in social media marketing, namely perceived ease of use, so that it can be used for further research development.

References

Ainin, S., Parveen, F., Moghavvemi, S., Jaafar, N. I., & Shuib, N. L. M. (2015). Factors influencing the use of social media by SMEs and its performance outcomes. Industrial Management and Data Systems, 115(3), 570–588. https://doi.org/10.1108/IMDS-07-2014-0205

Ajayi, O. M., Odusanya, K., & Morton, S. (2017). Stimulating employee ambidexterity and employee engagement in SMEs. Management Decision, 55(4), 662–680. https://doi.org/10.1108/MD-02-2016-0107

Alanazi, T. M. (2023). Impact of social media marketing on brand loyalty in Saudi Arabia. International Journal of Data and Network Science. https://doi.org/10.5267/j.ijdns.2022.11.012

Alnajim, R. A., & Fakieh, B. (2023). A Tourist-Based Framework for Developing Digital Marketing for Small and Medium-Sized Enterprises in the Tourism Sector in Saudi Arabia. Data, 8(12). https://doi.org/10.3390/data8120179

Bermeo-Giraldo, M. C., Valencia-Arias, A., Ramos de Rosas, J. D., Benjumea-Arias, M., & Villanueva Calderón, J. A. (2022). Factors Influencing the Use of Digital Marketing by Small and Medium-Sized Enterprises during COVID-19. Informatics, 9(4). https://doi.org/10.3390/informatics9040086

Chaker, N. N., Nowlin, E. L., Pivonka, M. T., Itani, O. S., & Agnihotri, R. (2022). Inside sales social media use and its strategic implications for salesperson-customer digital engagement and performance. Industrial Marketing Management, 100(December 2021), 127–144. https://doi.org/10.1016/j.indmarman.2021.10.006

Chatterjee, S., & Kumar Kar, A. (2020). Why do small and medium enterprises use social media marketing and what is the impact: Empirical insights from India. International Journal of Information Management, 53(December 2019), 102103. https://doi.org/10.1016/j.ijinfomgt.2020.102103

Ciarli, T., Kenney, M., Massini, S., & Piscitello, L. (2021). Digital technologies, innovation, and skills: Emerging tra-jectories and challenges. Research Policy, 50(7), 104289. https://doi.org/10.1016/j.respol.2021.104289

Dallocchio, M., Lambri, M., Sironi, E., & Teti, E. (2024). The Role of Digitalization in Cross-Border E-Commerce Per-formance of Italian SMEs. Sustainability (Switzerland), 16(2), 1–17. https://doi.org/10.3390/su16020508

Eid, R., Abdelmoety, Z., & Agag, G. (2020). Antecedents and consequences of social media marketing use: an empirical study of the UK exporting B2B SMEs. Journal of Business and Industrial Marketing, 35(2), 284–305. https://doi.org/10.1108/JBIM-04-2018-0121

Eller, R., Alford, P., Kallmünzer, A., & Peters, M. (2020). Antecedents, consequences, and challenges of small and medium-sized enterprise digitalization. Journal of Business Research, 112(March), 119–127. https://doi.org/10.1016/j.jbusres.2020.03.004

Foroudi, P., Akarsu, T. N., Marvi, R., & Balakrishnan, J. (2021). Intellectual evolution of social innovation: A biblio-metric analysis and avenues for future research trends. Industrial Marketing Management, 93(February), 446–465. https://doi.org/10.1016/j.indmarman.2020.03.026

Fulgoni, G. M. (2015). How Brands Using Social Media Ignite Marketing and Drive Growth. Journal of Advertising Research. https://doi.org/10.2501/jar-2015-004

Gavino, M. C., Williams, D. E., Jacobson, D., & Smith, I. (2019). Latino entrepreneurs and social media adoption: personal and business social network platforms. Management Research Review. https://doi.org/10.1108/MRR-02-2018-0095

Hoffman, D. L., Moreau, C. P., Stremersch, S., & Wedel, M. (2022). The Rise of New Technologies in Marketing: A Framework and Outlook. Journal of Marketing, 86(1), 1–6. https://doi.org/10.1177/00222429211061636

Hu, L., Olivieri, M., & Rialti, R. (2023). Dynamically adapting to the new normal: unpacking SMEs’ adoption of social media during COVID-19 outbreaks. Journal of Business and Industrial Marketing, 38(8), 1675–1688. https://doi.org/10.1108/JBIM-01-2022-0052

Huotari, L., Ulkuniemi, P., Saraniemi, S., & Mäläskä, M. (2015). Analysis of content creation in social media by B2B companies. Journal of Business and Industrial Marketing. https://doi.org/10.1108/JBIM-05-2013-0118

Jiménez-Zarco, A. I., Clemente-Almendros, J. A., González-González, I., & Aracil-Jordà, J. (2021). Female Mi-cro-Entrepreneurs and Social Networks: Diagnostic Analysis of the Influence of Social-Media Marketing Strategies on Brand Financial Performance. Frontiers in Psychology, 12(April). https://doi.org/10.3389/fpsyg.2021.630058

Kieling, A. P., Tezza, R., & Vargas, G. L. (2023). Website stage model for Brazilian wineries: an analysis of presence in digital and mobile media. International Journal of Wine Business Research, 35(1), 45–65. https://doi.org/10.1108/IJWBR-05-2021-0032

Kovalenko, A., & Kuzmenko, Y. (2020). Online Marketing Impact on Micro-Enterprises: An Insight through Visibility in Search Engines. Management and Marketing. https://doi.org/10.2478/mmcks-2020-0003

Lassar, W., Mittal, B., Sharma, A., Motameni, R., & Shahrokhi, M. (1995). Measuring customer-based brand equity For Authors. Journal of Consumer Marketing European Journal of Marketing Journal of Product &amp Brand Management Iss Journal of Consumer Marketing Iss Universiti Utara Malaysia AtPT) JOURNAL OF CONSUMER MARKETING.

Lee, M., & Youn, S. (2009). Electronic word of mouth (eWOM): How eWOM platforms influence consumer product judgement. International Journal of Advertising. https://doi.org/10.2501/S0265048709200709

Liliani, Tjahjono, B., & Cao, D. (2020). Advancing bioplastic packaging products through co-innovation: A conceptual framework for supplier-customer collaboration. Journal of Cleaner Production, 252, 119861. https://doi.org/10.1016/j.jclepro.2019.119861

Lin, C. C. (2021). Investigating complimentary e-marketing strategy for small-and medium-sized enterprises at growth stage in taiwan. Information (Switzerland), 12(9). https://doi.org/10.3390/info12090380

Lipsman, A., Mudd, G., Rich, M., & Bruich, S. (2012). The power of “like”: How brands reach (and influence) fans through social-media marketing. In Journal of Advertising Research. https://doi.org/10.2501/JAR-52-1-040-052

Malesev, S., & Cherry, M. (2021). Digital and social media marketing-growing market share for construction smes. Construction Economics and Building, 21(1), 65–82. https://doi.org/10.5130/AJCEB.v21i1.7521

Matarazzo, M., Penco, L., Profumo, G., & Quaglia, R. (2021). Digital transformation and customer value creation in Made in Italy SMEs: A dynamic capabilities perspective. Journal of Business Research. https://doi.org/10.1016/j.jbusres.2020.10.033

Praswati, A. N., Sukresna, I. M., Muna, N., & Muna, N. (2024). The adoption of business-to-consumer commerce for small and medium enterprises growth. Uncertain Supply Chain Management, 12(3), 2051–2062. https://doi.org/10.5267/j.uscm.2024.2.001

Rialti, R., Zollo, L., Ferraris, A., & Alon, I. (2019). Big data analytics capabilities and performance: Evidence from a moderated multi-mediation model. Technological Forecasting and Social Change, 149(October), 119781. https://doi.org/10.1016/j.techfore.2019.119781

Sari, A., & Suyono, J. (2024). KNOWLEDGE HIDING TRENDS: SYSTEMATIC LITERATURE REVIEW (SLR). 4(02), 7823–7830.

Scuotto, V., Nespoli, C., Palladino, R., & Safraou, I. (2022). Building dynamic capabilities for international marketing knowledge management. International Marketing Review, 39(3), 586–601. https://doi.org/10.1108/IMR-03-2021-0108

Singh, S., & Sao, A. (2021). Impact of Social Media Marketing in Consumer Buying Behavior in Automobile Industry: An Empirical Study in Delhi. In Turkish Online Journal of Qualitative Inquiry (TOJQI).

Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Re-search, 104(July), 333–339. https://doi.org/10.1016/j.jbusres.2019.07.039

Somjai, S., Charoen-Rajapark, N., & Pocmontri, A. (2020). Approaches of Digital Marketing in SMEs. Test Engineering and Management.

Su, J., Zhang, Y., & Wu, X. (2023). How market pressures and organizational readiness drive digital marketing adop-tion strategies’ evolution in small and medium enterprises. Technological Forecasting and Social Change, 193(May), 122655. https://doi.org/10.1016/j.techfore.2023.122655

Tranfield, D., Denyer, D., & Smart, P. (2003). Towards a Methodology for Developing Evidence-Informed Manage-ment Knowledge by Means of Systematic Review*. British Journal of Management, 14, 207–222. https://doi.org/https://doi.org/10.1111/1467-8551.00375

van Bruggen, G. H., Antia, K. D., Jap, S. D., Reinartz, W. J., & Pallas, F. (2010). Managing marketing channel multi-plicity. Journal of Service Research. https://doi.org/10.1177/1094670510375601

Wolfswinkel, J. F., Furtmueller, E., & Wilderom, C. P. M. (2013). Using grounded theory as a method for rigorously reviewing literature. European Journal of Information Systems, 22(1), 45–55. https://doi.org/10.1057/ejis.2011.51

Yazdanparast, A., Joseph, M., & Muniz, F. (2016). Consumer based brand equity in the 21st century: an examination of the role of social media marketing. Young Consumers. https://doi.org/10.1108/YC-03-2016-00590

Yoon, Y. L., Yoon, Y., Nam, H., & Choi, J. (2021). Buyer-supplier matching in online B2B marketplace: An empirical study of small- and medium-sized enterprises (SMEs). Industrial Marketing Management. https://doi.org/10.1016/j.indmarman.2020.12.010

Zhang, H., Gupta, S., Sun, W., & Zou, Y. (2020). How social-media-enabled co-creation between customers and the firm drives business value? The perspective of organizational learning and social Capital. Information and Management, 57(3), 103200. https://doi.org/10.1016/j.im.2019.103200

Downloads

Published

2024-09-09

How to Cite

Noviana, A. S. ., Sina, H. K. ., Damayanti, N. R. ., & Dirgantara, I. M. B. . (2024). Digital Marketing Trends, Challenges and Opportunities for SMEs: A Systematic Literature Review. Journal of Marketing and Emerging Economics, 4(5), 183–195. Retrieved from https://openaccessjournals.eu/index.php/jmee/article/view/2662

Issue

Section

Articles