Marketing Tomorrow
Tomorrow's marketing insights today
'It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.'
(Charles Darwin)

RSS feed Get updates via RSS just point your reader to here




Global 'Out of Home' Adspend to Hit $40.8bn by 2016

Bottom Line: Consultancy PwC predicts the global out-of-home advertising market will grow at a compound annual growth rate [CAGR] of 5.0% over the next four years to reach $40.8 billion.


Despite the projected increase, the out-of-home ad sector [billboards, bus shelters, kiosks, transport displays, sports arena displays and captive ad networks such as elevators] is predicted to lag slightly behind overall global advertising growth through 2016, reducing the sector's share of global ad revenues [6.6% in 2011] to 6.2% in 2016. According to PwC the main growth driver is ...

[Estimated timeframe: Q3 2012 - 2016]

... digital technology powering electronic billboards and other displays.

Another key factor favouring out-of-home is the increased fragmentation of other media making OOH appealing to advertisers wanting to reach mass audiences.

At the same time, the expansion of captive video networks will aid advertisers seeking to target specific audiences not accessible via other media formats.

Out-of-home also goes hand in hand with increased mobile ad spending as advertisers seek media that reach people when they are shopping. 

IndonesiaRussia, and India will be the fastest-growing countries for out-of-home spending through 2016, with CAGRs of 11.2%, 11.0%, and 10.9% respectively. Latin America will be the fastest-growing region during the next five years [CAGR 7.6%].

In 2011 Japan and China together generated 36% of total global spending. The US is the largest market with 20% of global revenues.

Factual data only is sourced from the original attributed article. The data is then enhanced by additional research and comment.

Email this article Source: PwC.com
MT article URL: http://www.marketingtomorrow.com/article.aspx?id=5864



Site constructed by ECats, designed by Tim Newton of UntitledMedia