Digital Video Advertising Market Size, Share, And Growth Report 2032

Digital Video Advertising Market Size

The global digital video advertising market size was worth around USD 10.22 billion in 2023 and is predicted to grow to around USD 52.34 billion by 2032 with a compound annual growth rate (CAGR) of roughly 19.9% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the digital video advertising market on a global and regional level.

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Global Digital Video Advertising Market: Overview

Digital video advertising is the online ads displayed in the form of video. It is the practice of displaying promotional content to audiences through digital channels. Digital channels include search engines e-mails and social media affiliate marketing mobile apps. Digital video format is more effective due to audio visual effects. These effects have a positive impact on the global digital video advertising market when used for product’s advertisements and demonstrations, How To Guides and many more. Digital advertising reaches a larger audience and its powerful tool to spread your brand stories and provide personalization services.

Global Digital Video Advertising Market: Growth Factors

There are many growth factors that boosted the global digital video advertising market. The technological advancements and changing consumer behavior had majorly contributed to the growth in the global digital video advertising market.

The advertisers are adopting new and innovative ways to promote their content with changing consumer behavior. The flexibility of videos to reach larger audiences and on varied platforms had led the advertisers to adopt video advertising strategies to reach the customers in an interactive manner to convert their purposes.

Development in the technology in film industry and cinematography like vertical filming and 360 degree digital videos had propagated advertisers to attract audiences in innovative ways. These developments help in getting the attention of the users without making them realize it's a marketing technique on them.

Increased engagement of audiences at social media applications is witnessing a major expansion in the Global digital video advertising market. Introduction of Augmented reality (AR) in digital marketing technology and availability of high speed internet at affordable prices had contributed a lot in flourishing this sector.

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Global Digital Video Advertising Market: Segmentation

The global digital video advertising market can be fragmented into format, category, type, industry vertical, and region.

The type segment can be further classified into desktop and mobile segments. The desktop segment holds the largest market share. Changing lifestyle and consumer preferences had shown a significant shift from TV viewership to desktop and laptops. The mobile segment is also showing significant increase in market share in recent years. The growth in the market attributes to the increasing penetration of smartphones and easy access of them anytime, anywhere.

By Industry, the market is segmented into retail, automotive, financial services, telecom, consumer goods & electronics, media & entertainment, others.

Digital Video Advertising Market: Report Scope

Global Digital Video Advertising Market: Regional Analysis

North America holds the highest market share in the global digital video advertising market. The increased penetration of smartphones attributes to growth in the region.

With the emergence of short video apps like Kuaishou and Tik Tok in countries like India China, and Japan, there is significant increase in the market share of video advertising market in Asia Pacific region and the region is forecasted to have highest CAGR in recent years. European subcontinent has major attraction in online advertisement markets especially in Germany and the UK Owing to high rates of adoption of smartphones. Middle East Asia is also showing steady growth in the market share.

Global Digital Video Advertising Market: Competitive Players

Owing to the growth rates in the industry, the organizations all over the world have started video bidding strategies to provide better quality advertisements to attract the audience. Several companies started investing in the better infrastructure of development centers and operational bases to attract the talent thus facilitating their business growth.

Some of the prominent players in the industry are:

• Longtail Ad Solutions
• Verizon Media
• Conversant LLC
• Viant Technology LLC.

The Global Digital Video Advertising Market is segmented as follows:

By Type 

• Desktop
• Mobile 

By Industry 

• Retail
• Automotive
• Financial Services
• Telecom
• Consumer Goods & Electronics
• Media & Entertainment
• Others

Global Digital Video 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.