The Digital Ad Spending Global Market Report 2023, provides comprehensive information on the digital ad spending market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Digital Ad Spending Global Market Report 2023, the global digital Ad spending market size is expected to grow from $0.53 trillion in 2022 to $0.6 trillion in 2023 at a compound annual growth rate (CAGR) of 12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global digital Ad spending market size is expected to reach $0.93 trillion in 2027 at a CAGR of 11.7%.
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Advancements in technology are the key trend gaining popularity in the digital ad spending market. Major companies operating in the market are introducing new technologies such as artificial intelligence, augmented reality (AR), virtual reality (VR), machine learning, and blockchain technology to sustain position in the market. For instance, in January 2023, Verizon Media, a US-based technology company that provides technology, communications, information, and entertainment products and services, launched the Next-Gen Solutions suite, which provides relevant ad experiences independent of cookies or mobile app IDs. It uses content and real-time data signals, such as weather, location, and device types, to power machine-learning algorithms that connect advertisers with relevant audiences without the need for user-level profiles or browser storage. Furthermore, Verizon Media’s Next-Gen Buying feature uses machine-learning algorithms to help advertisers connect with relevant audiences without needing cookies, mobile app IDs, browser storage, or creating user-level profiles.
The digital ad spending market is segmented:
1) By Add Format: Display Ads, Social Media, Native Advertising, Search Ads, Video Ads, Other Add Format
2) By Platform: Mobile, Laptop, Desktop
3) By End User: Retail, Health care, Automotive, Media And Entertainment, Education, Transport And Tourism, IT And Telecom
North America was the largest region in the digital ad spending market in 2022.
The table of contents in TBRC’s digital ad spending market report includes:
1. Executive Summary
2. Digital Ad Spending Market Characteristics
3. Digital Ad Spending Market Trends And Strategies
4. Digital Ad Spending Market – Macro Economic Scenario
5. Digital Ad Spending Market Size And Growth
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26. Africa Digital Ad Spending Market
27. Digital Ad Spending Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Ad Spending Market
29. Digital Ad Spending Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Microsoft corporation
- Google LLC
- Meta Platforms Inc
- Hulu LLC
- Ignite Visibility LLC
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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