Internet Advertising Market Size, Share, Growth Analysis Report 2032

Internet Advertising Market Industry Prospective

According to the report published by Zion Market Research, the global Internet Advertising Market size was valued at USD 426.92 Billion in 2023 and is predicted to reach USD 746.13 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.4% during the forecast period. The report analyzes the global Internet Advertising Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the nternet Advertising industry.

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Global Internet Advertising Market: Overview

Internet advertising is a mode of promoting products and services through the internet using advertising and marketing techniques. Email marketing, native advertising, web push, search engine marketing, mobile advertising, display ads, social media ads, and video advertising are some of the types of internet advertising. Internet advertising helps to gain visibility, obtain positive ROI, retain clients, enter a new market, and improve the image of the brand. It also offers opportunities for several businesses to reach target customers through mobile phones and computers using video production ads, simple banner ads, and pop-ups. The business sectors adopting internet advertising include entertainment, healthcare, retail, banking, education, media, and consumer packaged goods.

Global Internet Advertising Market: Growth Factors

Increasing penetration of the internet across the world, a rise in adoption of tablets & smartphones, and an increase in the use of e-commerce platforms are some of the key aspects fostering the growth of the global internet advertising market. Additionally, internet advertising offers easy global coverage at an affordable cost. Nowadays most people, especially millennials, search for information related to products & services through search engines. Internet advertising makes it easy to exhibit various offers in front of more than 4.3 billion users of the web across the world. It is also been observed that the minimum cost required to reach the audience of approximately 2000 is approximately 3 times lesser than compared to any methods of traditional advertising. Remarketing is also one of the techniques used by internet advertising that enables the creation of personalized advertisements and can be used by small as well as large advertisers.

Thus, with the ease of targeting a large audience at an affordable budget, most of the companies ranging from small businesses to large enterprises are using internet advertising which in turn is boosting the growth of the global market. Moreover, rapidly growing digital industries and huge investments by the key players at a rapid pace are also some of the factors that are contributing to the growth of the market. Furthermore, the introduction of innovative features, formats & platforms, and the rising use of artificial intelligence will lead to several opportunities that may fuel the growth of the global internet advertising market. However, complicated analytics and high competition may hinder the growth of the global internet advertising market.

The demand for internet advertising is expected to rise at a significant rate in the COVID-19 pandemic. Strict lockdown imposed by several governments around the world halted or restricted physical movements. People are stuck in the home for a longer period and the only way to communicate was through the internet. These factors are fueling the demand for internet advertising. It has been observed that the use of mobile applications, social platforms, and online streaming channels increased at a rapid rate in this current pandemic situation hence providing better opportunities to promote or advertise products through this channel.

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Global Internet Advertising Market: Segmentation Analysis

The global internet advertising market is bifurcated based on platform type, ad format, pricing model, enterprise size, industry vertical, and region.

Based on the platform type, the global Internet advertising market is split into desktop & laptop, smartphones, and others. The ad format segment is divided into display advertising, search engine advertising, mobile advertising, online classifieds ads, video advertising, and others.

Based on the pricing model, the global internet advertising market is the cost per thousand (CPT)/cost-per-mille (CPM), performance-based advertising, hybrid, and others.

Based on the enterprise size, the market is divided into large enterprises and small & medium enterprises. The industry vertical segment is divided into automotive, media & entertainment, healthcare, education, BFSI, retail & consumer goods, transport & tourism, IT & Telecom, and others.

Internet Advertising Market: Report Scope

Global Internet Advertising Market: Regional Analysis

North America is estimated to dominate the global internet advertising market, owing to growing investments in digital advertising. For instance, the 2020 elections in the U.S have significantly increased the rate of digital advertising. However, the rapid growth of the internet advertising market is expected to be observed in the Asia Pacific. Factors such as a large number of smartphone users, high use of mobile applications, and social media sites in this region are expected to boost the market growth over the forecast period.

Global Internet Advertising Market: Competitive Players and Segments

• International Business Machines Corporation
• Verizon Communications Inc.
• Alibaba Group Holding Limited
• Amazon.com, Inc.
• Microsoft Corporation
• Google LLC
• Hulu LLC.
• Facebook, Inc.
• Twitter Inc., and Baidu, Inc

By Format

• Search Engine Marketing
• Display Advertising
• Classifieds
• Mobile Advertising
• Digital Video Advertising
• Lead Generation
• Rich Media

By Vertical

• Automotive
• Banking
• Financial Services
• Insurance (BFSI)
• Consumer Packaged Goods (CPG)
• Education
• Healthcare
• Industrial
• Media & Entertainment
• Retail
• Telecommunication & Information Technology-Enabled Services (ITES)
• Transport
• Tourism

Global Internet Advertising Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.