The Big Get Bigger: Five Companies Now Attract Half of All Ad Spend

The Big Get Bigger: Five Companies Now Attract Half of All Ad Spend

Advertising & Promotions — Wed., Sep. 13, 2023

Five companies are expected to attract over half of global advertising spend in 2023 and 2024, according to WARC. Advertising revenue among this group of five is expected to grow by 9.1% in 2023 and by 10.7% in 2024.

Global ad spend is forecast to grow by 4.4% in 2023 to reach a total of $963.5 billion, and by 8.2% in 2024. Social media, CTV, and retail media are expected to be the fastest-growing channels in 2024.

The US is forecast to account for almost a third of global spend in 2023, with politics-related ad spend growing by 504% in 2024. The research was based on data from 100 markets and 40 media owners.

... continue reading below
Sign up for free to read the full article.
Enter your email address to continue reading

The Big Get Bigger: Five Companies Now Attract Half of All Ad Spend

Don't worry ... it's FREE!

Already a member? Sign in now.

Related Articles

How Decision-Makers Perceive B2B Ads on LinkedIn

How Decision-Makers Perceive B2B Ads on LinkedIn

Most business decision-makers say B2B ads on LinkedIn have clear messaging but lack emotional appeal, according to recent research.

How Brands Can Responsibly Roll Out AI as Government Regulations Tighten

How Brands Can Responsibly Roll Out AI as Government Regulations Tighten

Discover how the FTC's crackdown on deceptive AI claims affects marketing, why transparency matters, and how brands can ethically incorporate AI. Read more.

How to Stop Overpaying for Google Ads: Three Smarter Bidding Strategies

How to Stop Overpaying for Google Ads: Three Smarter Bidding Strategies

Discover effective strategies for optimizing Google Ads bidding to reduce wasted spend and boost campaign efficiency. Learn more.

How to Safeguard Brand Reputation in an Increasingly Risky Digital Landscape

How to Safeguard Brand Reputation in an Increasingly Risky Digital Landscape

See how brand safety and suitability frameworks can help protect your brand from harmful associations and content risks. Safeguard your brand. Read more.

The Impact of Privacy Laws on Digital Advertising

The Impact of Privacy Laws on Digital Advertising

Most advertising decision-makers expect privacy laws will impact their ability to deliver personalized digital ads campaigns, according to recent research.

The Rapid Growth of Spotify as an Advertising Platform

The Rapid Growth of Spotify as an Advertising Platform

Spotify has achieved double-digital growth in its ad business over the past six quarters, according to recent research.

Subscribe to the MarketingProfs Today newsletter