Listen to this articleGlobal advertising market to see record growth of 23.8% to $771 billion this year and hit $1 trillion in 2025.
Advertising spending for 2021 is on track to hit $771 billion, according to Warc, which also reports that this is the largest increase (23.8%) it has recorded in four decades of monitoring.
Spending is forecast to rise by a further 12.5% and 8.3% in 2022 and 2023, respectively, Looking further ahead, adspend is on course to reach $1 trillion in 2025.
However, three companies—Meta, Alphabet and Amazon—will absorb more than half of that.
A few other highlights from Warc’s Global Advertising Trends report, available to Warc members (a sample is available here):
- In 2023 the ecommerce sector will double more than double 2020’s level of spending to reach a total of $137.2 billion.
- Social media was the fastest-growing online sector in 2021, with spend rising 41.9% to $188.8 billion.
- Alphabet is the world’s largest media owner and Google the largest individual platform: its advertising revenue will rise by 40.6% to $146.3 billion this year, taking 79.7% of all search spend and 19.0% of all advertising spend worldwide.
- Google’s growth is set to ease to 14.8% in 2022, though 57% of practitioners surveyed by Warc are planning to increase spend on the platform next year.
- Advertising spend on online audio rose by a third to $5.4 billion in 2021, with podcast spend up 50.9% and streaming up 28.4%.
Source: Campaign Asia-Pacific
APPIES Asia Pacific 2022 is happening in Malaysia!
Submissions Deadline: 15 November 2021
Announcement of Finalists: 29 December 2021
Judging & Presentations: 25 & 26 January 2022
Winners Announcement: 22 February 2022
Download the entry kit here.
Submit your entry here.
APPIES Asia Pacific is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.
MARKETING Magazine is not responsible for the content of external sites.
The APPIES is an annual event that presents a rare opportunity for creative, media, digital and marketing agencies or brands to present their best campaigns to the industry.
This is the only event where Live Presentations meets Live Judging.
Similar to TED Talks, The APPIES is the chance for great presenters with outstanding work to show it off to some of the industry’s most important industry leaders.
This year’s winners will receive Gold, Silver or Bronze trophies for 10 categories, and 7 special Best of Best categories (red trophies) that require no submissions!
Campaign entries must have run between June 2022 to May 2023
For more details visit https://appies.com.my/ or contact Vishnu
