Global Digital Ad Spending Market Size By Platform(Mobile, Desktop, Laptop), By Advertising format(Display Ads, Social media, Search Ads), By End-user vertical(Automotive, Healthcare & Pharmacy, BFSI, Retail & e-Commerce), By Geographic Scope And Forecast
Report ID: 308643|No. of Pages: 202
Global Digital Ad Spending Market Size By Platform(Mobile, Desktop, Laptop), By Advertising format(Display Ads, Social media, Search Ads), By End-user vertical(Automotive, Healthcare & Pharmacy, BFSI, Retail & e-Commerce), By Geographic Scope And Forecast
Digital Ad Spending Market Size and Forecast
Digital Ad Spending Market size was valued at USD 410 billion in 2020, and it is expected to reach USD 1250 billion by 2030 followed by growing at a CAGR of 10.2% from 2023 to 2030.
Digital transformation all around the world is one of the biggest drivers of the digital ad spending market. With the latest advancement in the telecommunication industry, users can access high-speed data with the help of 4G and 5G technologies. It has also increased the demand for digital advertising in every sector. The Global Digital Ad Spending Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Digital Ad Spending Market Definition
Digital advertising can be defined as the process of using digital platforms for delivering marketing messages to the target audience. With the help of digital ad spending, companies can attract more website traffic and get more exposure. Besides this, it can also help in encouraging customers to make purchasing decisions. Digital advertising is an easy and fast way by which different brands can find the right audience and keep them engaged. It can be observed that the digital ad spending market is one of the important parts of the Information Technology sector.
Over the years, digital transformation has increased the commercial use of digital platforms and brought about the evolution of digital advertising. In addition, digital advertising has also offered new models for advertising businesses. It has developed new market trends as well as players in the global market.
In other words, digital ad spending refers to the expenditure that is made on digital platforms and devices such as mobile devices, computers, tablets, and laptops. It can be observed that the marketing budgets have spread around a wide range of media. Determining digital ad spending can help in knowing where the market is developing. The growth in the digital ad spending market is not showing any sign of stopping.
Various companies were hit by COVID-19, which resulted in a demand for creating better and more effective marketing strategies on digital platforms. With the help of digital advertising such companies recovered from the losses they faced during COVID-19. The rapidly increasing number of users on the digital platform is also increasing the demand for the digital ad spending market across the globe.
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Digital Ad Spending Market Overview
It can be analyzed that consumers are spreading more than 7 hours on daily basis on digital platforms. When COVID-19 hit various businesses, companies decided to promote their business and expand their reach through digital advertising. Hence, COVID-19 had a positive impact on the digital ad spending market. The Digital Ad Spending Market was observed to be improved during as well as post-COVID-19. With the latest technological advancements, the digital ad spending market is booming, and it is expected to grow more over the forecast period. Digital platforms are helping companies increase customer engagement and create more attractive content associated with their business.
Digital transformation all around the world is one of the biggest drivers of the digital ad spending market. With the latest advancement in the telecommunication industry, users can access high-speed data with the help of 4G and 5G technologies. It has also increased the demand for digital advertising in every sector. Digital advertising platforms enable users to interact with online content on multiple devices. The integration of the latest technologies like artificial intelligence (AI), the Internet of Things (IoT), cloud computing, and machine learning with every vertical of the organization has also enhanced the adoption of digital platforms.
However, a lower return on investment can impede the growth in the digital ad spending market. Digital advertising requires a long-term digital marketing strategy which might take months or sometimes years to enjoy the return on investment. Such unpredictable nature of this market has made it difficult for companies to forecast their profits. Besides this, uncertainty may also be created due to a lack of short-term return on investment which can impede the growth in the digital ad spending market.
The digital ad spending market has numerous opportunities to grow in the forecast years. Digitalization and the latest technological advancements are the main reason for elevating more opportunities in the digital ad spending market. Many big companies are going to invest in this market to gain more profit in their businesses. The emergence of advertising in healthcare, automotive, retail & e-Commerce, BFSI, and other sectors has provided lucrative opportunities for growth in this market.
Digital Ad Spending Market: Segmentation Analysis
The Digital Ad Spending Market is Segmented by Platform, Advertising format, End-user vertical, and region.
Digital Ad Spending Market, By Platform
• Mobile
• Desktop
• Laptop
Different advertisements are available for mobile devices such as click-to-call, click-to-download, banner ads, and image text. Due to the increasing popularity of mobile marketing, the mobile platform is expected to grow more in the coming years followed by the desktop and laptop platforms.
Digital Ad Spending Market, By Advertising Format
• Display Ads
• Social media
• Search Ads
• Video Ads
It can be analyzed that the top companies are spending more on display ads and this segment is dominating the market. With the help of such trends, revenue opportunities are also developing in various companies. Other segments including social media, search ads, and video ads are also expected to grow significantly in the coming years.
Digital Ad Spending Market, By End-User Vertical
• Automotive
• Healthcare & Pharmacy
• BFSI
• Retail & e-Commerce
• Education
• IT & Telecom
It can be analyzed that the retail and e-commerce segment is dominating others and it is expected to grow more. A slow rate of growth is also expected in the healthcare and pharmacy segment. Other segments are also forecasted to achieve better growth including automotive, BFSI, Education, IT & Telecom.
Digital Ad Spending Market, By Geography
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
It can be analyzed that North America is dominating the digital ad spending market. The reason behind this is the escalation in spending on advertising. However, another region like Asia Pacific is also predicted to experience higher growth during the forecasted period. Besides this, Europe, and LAMEA are also developing their digital ad spending market.
Key Players
The primary players in the digital ad spending market are Microsoft Corp., Google LLC, Facebook Inc., Twitter Inc., Amazon, Alphabet Inc., Meta Platforms Inc., Effective Spend, Omnicom Group Inc., and Power Digital Marketing.
These companies are integrating with the latest technologies to deliver a better solution for advertising all over the world.
Key Developments
- In May 2022, the written word media declared to launch Reader Reaches Amazon Ads for authors as well as publishers. It is a data-driven ads solution that can provide a simpler way for the authors by which they can run ads and easily advertise them.
- In September 2021, Microsoft advertising also started allowing businesses to show their dedication and align with customer values. This initiative is helping build genuine relationships, and trust with the customers based on exclusive advertisements.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Microsoft Corp., Google LLC, Facebook Inc., Twitter Inc., Amazon, Alphabet Inc., Meta Platforms Inc., Effective Spend, Omnicom Group Inc., and Power Digital Marketing. |
| SEGMENTS COVERED | By Platform, By Advertising format, By End-user vertical, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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Data Collection Matrix
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Industry Analysis Matrix
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