This is how digital ad spending will change, according to a new study
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Digital advertising will soon take a major step toward becoming a reality, with an estimated $100 billion in revenue being generated by the sector by 2021.
The report by digital ad research company AdPilot found that, by 2021, digital ad spend will be more than triple the amount it is today.
The report estimates that by 2022, digital advertising will be spending an average of $3.9 billion a day, a 25 percent increase from today.
The increase is driven by a shift toward digital ads, and the shift will come from both consumers and advertisers.
“Digital ad spending is on the rise, but this trend is more pronounced for brands than for consumers, who are not spending as much on digital,” said AdPilots executive director Michael J. McDonough.
“As advertisers and marketers, we are seeing a growing need for our customers to be informed and connected with advertisers and the brands that they trust, and consumers are responding to the trend by buying more digital ads.”
The report also found that by 2021 digital advertising spending will be an average $5.4 billion per day, an increase of over 60 percent over today.
Advertisers have always relied heavily on digital advertising, as it has become the go-to platform for their advertising campaigns.
But with digital ad revenue increasing, advertisers are now starting to invest in their digital offerings in a bid to grow revenue and position themselves to take advantage of future growth.
“We expect digital advertising to grow at an average annualized rate of $8.2 billion by 2021,” McDonoches said.
“That growth rate is more than double the growth rate of the broader U.S. advertising industry.
And it’s a significant leap from where it is currently.
Digital advertising is expected to account for 70 percent of the U.K. advertising market by 2021.”
AdPilot is based at the University of Michigan, and it surveyed nearly 500 digital ad experts to see what they thought digital ad advertising would look like by 2021 and how consumers are spending it.
The study was based on data from more than 10,000 ads that were purchased over the course of the year.
The study found that the shift to digital advertising is not necessarily driven by consumer demand.
The researchers found that consumers are not purchasing more digital advertising at the same time they are buying more conventional advertising.
In fact, they found that traditional advertisers spend more on digital ad purchases than digital advertising does.
“Consumers are purchasing less of their ads on traditional advertising channels than they did three years ago,” Mcdonoches explained.
“The same is true for digital ad buyers.
Consumers are buying less of digital advertising as opposed to digital ads.
This is partly due to increased cost of doing business for consumers in this digital age.
Consumers’ willingness to pay more for digital ads reflects increased awareness and willingness to spend on digital.”
McDonough said that advertisers will see the impact of digital ad investments from the consumer’s perspective.
Consumers will be paying more for ads because they will now be able to choose where to spend their money, which is more convenient for them and their advertisers.
This, in turn, will mean increased consumer engagement with the brands they’re interacting with, McDonohs said.
“With consumers spending more online, advertisers will have a better understanding of how consumers want to interact with brands,” McDONOCHS said.
According to AdPiliots CEO David L. Cohen, digital ads are expected to play a key role in the next several years.
“The growth of digital has the potential to transform advertising in a number of ways.
This will be especially true for advertisers, as digital ad budgets are expected grow by over 100 percent by 2021 compared to 2021,” Cohen said.
Digital advertising will soon take a major step toward becoming a reality, with an estimated $100 billion in revenue being…
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