DUBLIN, Nov. 18, 2021 /PRNewswire/ — The “Digital Advertising Global Market Opportunities And Strategies To 2030: COVID-19 Growth and Change” report has been added to ResearchAndMarkets.com’s offering.
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The global digital advertising market reached a value of nearly $374.2 billion in 2020, having increased at a compound annual growth rate (CAGR) of 15.7% since 2015. The market is expected to grow from $374.2 billion in 2020 to $763.6 billion in 2025 at a rate of 15.3%.
The market is expected to grow from $ 763.6 billion in 2025 to $1,449.0 billion in 2030 at a CAGR of 13.7%.
The digital advertising market consists of the sales of advertising services by entities (organizations, sole traders and partnerships) that plan, develop, create and manage advertisement and promotional activities in digital media. Only goods and services traded between entities or sold to end consumers are included.
Digital advertising delivers promotional content to users through various online and digital channels such as social media, email, search engines, mobile apps, affiliate programs and websites to show advertisements and messages to audiences. Digital advertising allows companies to reach the right people with the right message at the right time, thus generating a better return on investment.
Growth in the historic period resulted from strong economic growth in emerging markets, increased internet penetration, government initiatives in developing economies, rising penetration of e-commerce, increased availability of mobile devices, rapid development in technology and increase in social media usage. Factors that negatively affected growth in the historic period were increased use of ad-blockers, skilled workforce shortages, government regulations and data privacy issues.
Going forward, Increasing expenditure by end-use industries, rising urbanization, increasing adoption of 5G networks and internet of things (IoT) will drive the growth. Factors that could hinder the growth of the digital advertising market in the future include stringent regulations, intense competition, and security challenges and data collation.
The digital advertising market is segmented by platform into mobile ads, desktop ads, digital TV and others. The desktop ads market was the largest segment of the digital advertising market segmented by platform, accounting for 43.4% of the total in 2020. Going forward, the digital TV segment is expected to be the fastest growing segment in the digital advertising market, at a CAGR of 15.6% during 2020-2025.
The digital advertising market is segmented by ad format into digital display ads, internet paid search, social media, online video and others. The internet paid search market was the largest segment of the digital advertising market segmented by ad format, accounting for 30.7% of the total in 2020. Going forward, the online video segment is expected to be the fastest growing segment in the digital advertising market, at a CAGR of 20.6% during 2020-2025.
The digital advertising market is segmented by industrial vertical into media and entertainment, consumer goods & retail industry, banking, financial service & insurance, telecommunication IT sector, travel industry, healthcare sector, manufacturing & supply chain, transportation and logistics, energy, power, and utilities, and others.
The others market was the largest segment of the digital advertising market segmented by industrial vertical, accounting for 24.3% of the total in 2020. Going forward, the travel industry segment is also expected to be the fastest growing segment in the digital advertising market, at a CAGR of 17.2% during 2020-2025.