Global Adspend To Rise in 2010
Two recent studies auger well for 2010. In one, figures from ZenithOptimedia predict that global advertising expenditure will increase by 2.2% to USD 456 billion. This is up from an Dec./09 forecast, when the media agency predicted worldwide ad spending would rise by 0.9% in 2010.
Developed markets, including Western Europe and North America, posted a decline of 12.1% in 2009, but conditions are now becoming more stable, so should be down only about 0.8% in 2010.
Central and Eastern Europe, however, will see totals up by 5.7% this year; the Middle East should be up 4.7%; Asia Pacific is set to see revenues increasing by 10%.
This latter, however, excludes Japan, where the recession has been considerably more challenging.
ZenithOptimedia also suggested that the global ad market would increase by 4.1% in 2011 and a further 5.3% in 2012.
The second study – by Chetan Sharma, the Issaquah, Washington-based consultancy – noted that 7 billion apps were downloaded by mobile phone users around the world in 2009, generating more than USD 4 billion in revenue.
Chetan Sharma assessed trading conditions in 40 countries worldwide, and reported that the telecoms category had proved relatively resilient during the economic downturn. It estimated that there were 4.6 billion live mobile subscriptions by the end of 2009, including 750 million in China and 525 million in India.
Asia delivered the highest percentage of app downloads, but North America supplied the majority of revenues, 12% of which were derived from mobile advertising.
Further predictions for this year included the growth of m-commerce, particularly in Japan, where it is expected to do much better than mobile advertising.
Categories: DailyDOOH Update
ZenithOptimedia’s prediction that the global ad market will rise in 2010 is great news for the advertising industry, but might be even better for digital signage. The digital signage industry weathered the recession well— according to PQ Media, it actually grew two percent in 2009, a period in which most advertising sectors struggled. The fact that 2010 will see growth in ad spend presents an opportunity for digital signage to really break out. Advertisers are moving an increasing number of dollars from traditional media into more effective emerging mediums. Digital signage presents a great opportunity for advertisers looking at alternative advertising options so it’s likely we’ll see a good amount of newly increased ad spend dedicated to this medium. We discuss similar digital signage news frequently on our blog. You can check it out at http://www.A2aMEDIA.com.
by JR of A2aMEDIA on Apr 14, 2010 at 21:10 @923