About Interactive Advertising
Interactive advertising plays an important role in the current marketplace as internet penetration continues to climb at astounding rates across the world. It refers to a promotional technique and developing two-way communication between brand and consumer that consists of feedback from those to whom the advertisements are directed
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 14.25% |
Interactive Advertising market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development.. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Interactive Advertising market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Grey Global Group (United States), Wieden+Kennedy (United States), Butler, Shine, Stern & Partners (United States), Ogilvy (United States), BBDO (United States), Crispin Porter + Bogusky (United States), Interpublic Group (IPG) (United States), Deutsch Inc. (United States) and Droga5 (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Interactive Advertising market by Type (Videos, Social Media, Internet, Mobile Advertising and Others), Application (Retail and Consumer Goods, BFSI, IT & Telecommunication, Media and Entertainment, Travel, Transportation, Supply Chain and Logistics, Healthcare, Energy & Power and Utilities and Education and Government) and Region.
On the basis of geography, the market of Interactive Advertising has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Advertising Type, the sub-segment i.e. Online Interactive Advertising will boost the Interactive Advertising market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancement that includes reaching to mass audience in less time, Emergence of innovative ideas and Increasing media technology
Market Growth Drivers:
Increasing adoption of smartphone users, Rising social media networks and online and offline internet integration and Surging digitization across emerging economies
Challenges:
Lack of awareness in underdeveloped countries
Restraints:
High cost of online advertising in various regions, Lack of skills and marketing skills and Adoption of network technology to filter the ads
Opportunities:
Increasing growth of e-commerce
Market Leaders and their expansionary development strategies
In October 2018, Interpublic Group (IPG) has completed its acquisition of Acxiom LLC (formerly known as Acxiom Marketing Solutions), which will operate as a stand-alone unit within IPG. and In April 2018, The Interactive Advertising Bureau’s Tech Lab has acquired DigiTrust, a nonprofit consortium of programmatic platforms that intends to offer a standardized identifier for ad targeting
In December 2022, BBDO Singapore and Boom Digital Media, the one-stop creative TikTok specialist, announced a new exclusive alliance to help clients and brands create new opportunities and capitalize on virality in the digital world. The new partnership brings together BBDO’s integrated expertise with Boom Digital’s experience in social media and a team of experts, including Boom Digital founder Ming Wei, mingweirocks, one of Southeast Asia’s most followed TikTok creators. In addition to having 35 million followers on social media, he has created comedy skits and videos that have gained more than 10 billion views with his father, Daddy Ming.
Key Target Audience
Investors and consultants, Government Organizations, Research/Consultancy firms, Technology solution providers, IT Solution Providers and Advertising Companies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.