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Online Advertising Market

Global Market Study on Online Advertising: Rise in Adoption of Email and Content Marketing Positively Impacting Demand for Digital Advertising

Online Advertising Market Segmented By Social Media Advertising, Search Engine Advertising (including PPC), Email Marketing, Display Advertising, Native Advertising Ad Format on Mobile Advertising, Web/Desktop Advertising Platform

Online Advertising Market Outlook (2023-2033)

The global market share of the online advertising market was estimated to have held the market share of US$ 193,455.1 Mn in 2022, this number is estimate to reach US$ 209,125.0 Mn in 2023 and over the forecast period, the number is estimated to reach US$ 529,399.5 Mn by 2033 by growing at a CAGR of 9.7% over the forecast period.

Online advertising, that is also known as internet advertising is a form of marketing that is done over the internet, intended to target the online users. The advertisement may be in the form of digital posters, videos, GIFs, social media posts etc.

The benefit of online advertising over traditional advertising is that, online advertising allows the company to save a lot money and the end users that are targeted with the online advertisements, are often their target market.

North America held the largest market share of 28.1% for the year 2022 and East Asia was estimated to have held the second largest market share of 21.1%.

Online Advertising Market Size (2022)

US$ 193,455.1 Mn

Projected Market Value (2033)

US$ 529,399.5 Mn

Global Market Growth Rate (2023-2033)

9.7%

Search Engine Market Share (2022)

26.5%

US Market Share (2022)

16.5%

Retail Market Share (2022)

18.2%

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What Factors Allow the Online Advertising Market to Grow?

“Growth in Online Users and Time Spent on the Internet, Help the Online Advertising Market Grow ”

The online presence of people has increased over the past few years and will continue to grow because of internet and smartphone penetration, social media engagement, creation of content in vernacular languages and growth in the e-commerce businesses and the online presence of several businesses, will help the online advertising market grow over the forecast period.

  • In January 2023, four giant European telecom companies, Orange, Telefonica, Vodafone and Deutsche telecom informed the European Commission about the formation of a digital identification solution for online advertising. The focus of this solution will be to ensure that there will be no unethical or illegal collection and processing of data.
  • In January 2023, Meta announced that starting from February 2023, advertisers on Instagram and Facebook will not be able to see a user’s gender and the posts they make for advertising purposes and will only have access to the users age and location.
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Which factor is driving the Opportunity in the U.S. for Online Advertising?

“Presence of Several Large Social Media Platforms Helps US Dominate the Online Advertising Market”

US is home to several large social media platforms and search engines that are used for online advertising such as Google, Twitter, Facebook, YouTube etc. This automatically gives US an upper hand when it comes to the online advertising market.

High internet penetration and being the third most populated country, allows the number of internet users to be one of the highest globally.

Due to these reasons, the market for online advertising was estimated to have held the largest market share of 23.3% in 2022.

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Why is India a Growing Market for the Online Advertising Market?

“Growth in E-Commerce Driving the Market for Online Advertising in India”

The market for online advertising in India is a highly promising one because of a growing e-commerce industry, high internet penetration and a large number of smart phone users and is estimated to grow at a CAGR of 11.7% over the forecast period.

However, because of the various unethical and dishonest methods that have been carried out by advertisers over the past years, ASCI (Advertising Standards Council of India) has interfered and has placed regulations for the online advertising activities. This will make the online advertising environment safe for the end consumers and allow the competition among companies more fair.

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Why Germany is a Strong Market for Online Advertising?

“Popularity of Online Shopping Allows Online Advertisements to Perform Well ”

Germany is the most populated European country and is highly developed allowing the market to flourish in this region and held a market share of 12.4% in 2022. Proper regulations for online advertising are in place and the growth in online shopping will allow the market for online advertising to grow in this country.

Category-wise Insights

Why Search Engine Advertising Held the Largest Market Share?

“Search Engine Act as A Gateway for Internet Users, allowing it to Dominate the Online Advertising Market”

Search engines are often treated as a gateway to the internet by numerous people and depending upon search they make and the websites they are shown. Whenever visiting a new website, the website is initially visited from a search engine.

Due to this search engines, primarily Google, are an important component of the internet, and this creates space for numerous companies to advertise their products and services. Many websites are not large and depend upon the advertisements placed on the website pages by the search engine.

Due to these reasons, search engines held the largest market share of 26.5% in 2022 and are estimated to maintain dominance over the forecast period for the online advertising market.

Which Application Segment of the Online Advertising Market Holds a Larger Share Market?

“Retail Holds a Major Market Share by Application”

Retail held the largest market share for online advertising in 2022 of 18.2% and is estimated to maintain dominance over the forecast period.

The reason for this dominance is that the products and services of the retail sector can appeal to a vast number of end users and the growth of e-commerce businesses has helped grow the popularity of online deliveries. These factors are playing a major role in the accelerated growth of the online advertising market.

Competitive Landscape

Online advertising companies need to first build a substantial user base before they could successfully deploy commercials upon their platforms, hence making it important for the users with a provide quality and engaging platform.

  • In January 2023, Google is ensuring the safety of ad platforms for participants, advertisers, and publishers. Google also revealed the Privacy Virtual world initiative, a collaboration with the advertising business to develop a more private internet.
  • In January 2023, Adfluence Hub introduces a campaign tracker tool as well as instant payment to influencers.

Recent developments related to key players providing the online advertising market have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Online Advertising Market Report Scope

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2018-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Ad Format
  • Platform
  • Vertical
  • Region

Key Companies Profiled

  • Amazon
  • AOI Pro. Inc.
  • Baidu, Inc.
  • Facebook, Inc.
  • Google LLC
  • LinkedIn Corporation
  • Microsoft Corporation
  • Twitter
  • Adobe Inc
  • Verizon Media
  • IAB Europe
  • Criteo
  • Novicom Marketing Group
  • Info Cubic Japan
  • Gaie Inc.

Pricing

Available upon Request

Key Segments of Online Advertising Market Research

By Ad Format:

  • Social Media Advertising
  • Search Engine Advertising (including PPC)
  • Email Marketing
  • Display Advertising
  • Native Advertising
  • Others

By Platform:

  • Mobile Advertising
  • Web/Desktop Advertising

By Vertical:

  • Automotive
  • Healthcare & Medical
  • Retail & CPG
  • Education
  • Media & Entertainment
  • BFSI
  • Travel & Hospitality
  • Telecom
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

  • Amazon.
  • AOI Pro. Inc.
  • Baidu, Inc.
  • Facebook, Inc.
  • Google LLC
  • LinkedIn Corporation
  • Microsoft Corporation
  • Twitter
  • Adobe Inc
  • Verizon Media
  • IAB Europe
  • Criteo
  • Novicom Marketing Group
  • Info Cubic Japan
  • Gaie Inc.

- Frequently Asked Questions -

In 2022, demand for the online advertising market amounted to US$ 7,829.5 Mn.

The global online advertising market is estimated to grow at a CAGR of 24.7% over the forecast period.

The market for online advertising market is forecasted to have a market value of US$ 87,866.1 Mn by 2033.

Demand for the online advertising market in China is projected to rise at 25.6% CAGR over the forecast period.

In 2022, North America online advertising market held a dominant market share of 28.5%.

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