Onar Holding Corporation’s Flagship Agency, Storia, Secures Significant Contract Expansion
Onar Holding Corporation (OTCQB: ONAR), a prominent marketing technology company and network of marketing agencies, recently announced a substantial contract expansion with a subsidiary of a globally recognized machinery and industrial equipment manufacturer. Storia, Onar Holding’s flagship agency, secured this agreement, resulting in a notable increase in ongoing marketing spend.
Impact on Storia
The contract expansion brings six figures annually to Storia’s revenue. This substantial financial boost will enable the agency to expand its team, invest in advanced marketing technologies, and enhance its services. With this increased capacity, Storia is poised to attract more clients and deliver more impactful marketing campaigns.
Impact on the Marketing Industry
The marketing industry is witnessing a growing trend of companies investing more in marketing efforts to differentiate themselves and reach their audiences effectively. This trend is particularly prevalent in the industrial sector, where manufacturers are increasingly recognizing the importance of digital marketing and branding in a highly competitive market. Onar Holding’s success with Storia’s contract expansion underscores this trend and could lead to more opportunities for marketing agencies specializing in industrial marketing.
Additional Insights
According to a report by Technavio, the global marketing technology market is expected to grow at a compound annual growth rate (CAGR) of over 15% from 2021 to 2026. This growth is driven by the increasing use of marketing technologies, such as artificial intelligence, machine learning, and data analytics, to improve marketing ROI and deliver personalized customer experiences.
Moreover, the industrial sector is a significant contributor to the global economy. According to the World Bank, the manufacturing sector accounted for about 16% of the global GDP in 2020. As manufacturers invest more in marketing technologies and marketing agencies, the impact on the economy could be substantial.
Conclusion
Onar Holding Corporation’s contract expansion with a subsidiary of a global machinery and industrial equipment manufacturer is a testament to the growing importance of marketing in the industrial sector. Storia, Onar Holding’s flagship agency, will benefit significantly from this agreement, enabling the agency to expand its team, invest in advanced marketing technologies, and attract more clients. This trend could lead to more opportunities for marketing agencies specializing in industrial marketing and contribute to the growth of the marketing technology market and the global economy as a whole.
- Onar Holding Corporation’s flagship agency, Storia, secures a substantial contract expansion with a global machinery and industrial equipment manufacturer.
- The agreement adds six figures annually to Storia’s revenue.
- The financial boost will enable Storia to expand its team, invest in advanced marketing technologies, and enhance its services.
- The marketing industry is witnessing a growing trend of companies investing more in marketing efforts, particularly in the industrial sector.
- The global marketing technology market is expected to grow at a CAGR of over 15% from 2021 to 2026.
- The industrial sector, which accounted for about 16% of the global GDP in 2020, is a significant contributor to the economy.
