Product Placement In Blogs And Social Media Is Boosting Global Advertising Spend
Posted by ananth on June 18th, 2018
With the emergence of social media, blogging and online sharing, advertising agencies are increasingly placing advertisements on these platforms, in a version of marketing known as influencer marketing. This integrates advertisements by locating them appropriately within the context of the media such as blogs and social media sites such as Twitter and Facebook. Popular bloggers and celebrities are paid to spread positive messages about brands and products.
Other drivers for the growth of the global advertising and public relations market include e-commerce companies' increasing use of marketing tools such as search engine optimization, pay-per-click campaigns, online advertising, and in-site and email promotions. Digitalization, increased internet penetration and smartphone usage, social networking on websites such as Facebook, Instagram, Snapchat and Pinterest are increasing internet advertising, programmatic advertising and mobile advertising. As a result demand for professional advertising, public relations and related services is rising. Offsetting these trends are decreasing demand for traditional print and broadcast advertising, especially in the world's largest market, the USA, where the newspaper and magazine advertising industry's revenues fell by over 17% between 2015 and 2016.
As a result of these conflicting trends global expenditure on advertising and public relations, which includes advertising, public relations, media purchases, outdoor advertising and direct mail, grew at 5.2% year on year from 2012, to reach 1 billion in 2016. That paceof growth is continuing, so that by 2020 the market will be worth 4 billion. It will grow faster - at 7.5% or more - in regions such as Asia and the Middle East where the large young population in emerging economies, and large-scale migration to cities, are creating new consumer needs and wants.
The advertising, public relations and related services market is fragmented, although there are several large global players. The top five competitors in the market made up only 9.2% of the total market in 2016. Publicis Groupe was the largest competitor with a 2.2% share, followed by Omnicom Group with 2.1%, WPP with 2.0%, Interpublic with 1.6% and Dentsu with 1.4%.
Where to Learn More
Advertising, Public Relations, And Related Services Global Market Report 2018 from The Business Research Company for information on the following:
Markets Covered: Advertising agencies, promotional products, public relations, direct mail advertising, bill board and outdoor advertising, News Syndicates buying agencies, News Syndicates representative firms, Print advertising distribution
About The Business Research Company.
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Joined: June 11th, 2018
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