Categories: Media & Entertainment

Broadband Internet Services Global Market Report 2024

The Internet Advertising by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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https://www.thebusinessresearchcompany.com/report/internet-advertising-global-market-report

According to The Business Research Company’s Internet Advertising, The internet advertising market size has grown rapidly in recent years. It will grow from $523.31 billion in 2023 to $619.23 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to shift in consumer behavior, social media influence, e-commerce boom.

The internet advertising market size is expected to see rapid growth in the next few years. It will grow to $1178.93 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to regulatory changes, video dominance, global connectivity. Major trends in the forecast period include data analytics and targeting, emergence of new platforms, artificial intelligence integration, mobile-first approach, programmatic advertising growth, native advertising evolution, interactive and immersive content, voice search and smart speakers, cross-channel integration.

Rising internet penetration is expected to propel the growth of the internet advertising market going forward. The internet has essentially made lives more convenient and more accessible. It has brought the entire world to its fingertips. The internet provides the capability to search for almost any information through a computer, mobile phone, and another personal digital assistant. The internet has changed marketing by creating modern technology ecosystems, customizing and immersive campaigns for consumers. For instance, according to a report published in November 2022 by the International Telecommunication Union (ITU), the United Nations agency specializing in information and communication technologies, the number of internet users reached approximately 5.3 billion in 2022, an increase of 6.1% compared to 2021. , Therefore, the rising internet penetration is driving the growth of the internet advertising market.

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The internet advertising market covered in this report is segmented –

1) By Ad Format Type: Search Engine Advertising or Search Engine Marketing, Display Advertising, Mobile Advertising, Social Media Advertising, Video Advertising, Online Classifieds Ads, Other Ad Formats

2) By Platform Type: Mobile, Desktop and Laptop, Other Platforms

3) By Pricing Model Type: Cost Per Thousand (CPT), Performance Based Advertising, Hybrid, Other Pricing Models

4) By Enterprise Size: Large Enterprises, Small and Medium-Sized Enterprises

5) By Industry: Automotive, Healthcare, Media and Entertainment, BFSI, Education, Retail and Consumer Goods, Transport and Tourism, IT and Telecom, Other Industries

Technological advancements have emerged as the key trend gaining popularity in the internet advertising market. Major companies operating in the internet advertising sector are focused on introducing new technologies to maximize productivity and sustain their market position. For instance, in February 2022, Google Ads, an online advertising platform developed by Google, introduced the new Search Ads 360. Through this newly developed platform, more data will be managed and processed than ever. This will create new enterprise innovations that will centralize and scale user work. Secondly, it will provide immediate management support for most new Google Ads features, such as performance max and discovery campaigns.

The internet advertising market report table of contents includes: