Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 168.96 Million | USD 486.55 Million | 12.47% | 2023 |
Zion Market Research has published a report on the global In-App Advertising Market, estimating its value at USD 168.96 Million in 2023, with projections indicating that it will reach USD 486.55 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 12.47% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the In-App Advertising industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
In-app advertising is a proficient monetization strategy for mobile publishers and the developers of the app are paid for providing the advertising services in their mobile apps. Apparently, sophisticated data tracking and user targeting facility available in in-app advertising tool has assisted the advertisers in reaching target audience and potential customers with ease.
Reportedly, apps are capturing large proportion of consumer attention. Moreover, only a single person makes use of mobile equipment and it signifies that the app on a specific device is closely related to owner habits & personal traits. The in-app advertising can influence the consumer purchasing patterns as well as consumer cues.
With in-app advertising being fastest expanding form of promotions via mobile device, the market is likely to gain traction over the forecasting years. In past, twitter and Facebook were few of the apps available on mobile but recently there is gamut of applications available to smartphone & mobile users. Businesses have tagged it and hence are trying to increase their profitability by influencing the consumer buying behaviour through promotional activities like in-app advertising. Furthermore, in-app advertising activities provide high click through rate as compared to web browsing and this will create lucrative growth avenues for the market in the years ahead.
Furthermore, advertisements presented via in-apps achieve better targeting and hence can boost the market demand. In-app advertising helps the firms in creating value for their products or services through ad campaigns. All these aforementioned factors are likely to generate new growth avenues for the market over the forecast timespan.
Report Attributes | Report Details |
---|---|
Report Name | In-App Advertising Market |
Market Size in 2023 | USD 168.96 Million |
Market Forecast in 2032 | USD 486.55 Million |
Growth Rate | CAGR of 12.47% |
Number of Pages | 110 |
Key Companies Covered | Flurry, Inc., Tune, Inc., One by AOL, Tapjoy, Inc., Google AdMob, Glispa GmbH, BYYD Inc., Amobee, Inc., InMobi, and Chartboost |
Segments Covered | By Platform, By Ad-Format, By Application Type And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The growth of the market in the sub-continent over the forecast timespan is due to increase in the smartphone penetration along with improvement in the internet infrastructure facilities in countries like China, India, and Philippines. Swift urbanization and rise in demand for online shopping activities will prompt the regional market growth over the estimated timespan.
The global in-app advertising market is led by players like:
By Platform
By Ad-Format
By Application Type
By Region
FrequentlyAsked Questions
The growth of the market in the sub-continent over the forecast timespan is due to increase in the smartphone penetration along with improvement in the internet infrastructure facilities in countries like China, India, and Philippines. Swift urbanization and rise in demand for online shopping activities will prompt the regional market growth over the estimated timespan.
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