Measuring the world of advertising is tricky and when it comes to how much is spent on digital advertising, the task becomes harder yet. Part of the difficulty has to do with how one defines the market being measured, as is always the case when dealing with market sizes. But, in the case of an industry that is still forming and evolving, definitions are crucial. Clear definitions of what is being measured are not always provided by those reporting on these markets or those reporting on those reports. So use this market size data as a general guide to a market whose boundaries are a bit… fluid.
Today’s market size post is the size of the market for digital advertising based on two estimates of how much will be spent worldwide on digital advertising in 2013. The range presented is made up of the two estimates, sources for which are also provided. Worth noting is the fact that these estimates place spending on digital advertising at around one-fifth of the spending on all advertising.
Geographic reference: World
Year: 2013
Market size: $95 to $117 billion
Source: John Bussey, “When Google Brainstorms, The Online World Shudders,” Wall Street Journal, September 27, 2013, page B1. Michael Sebastian, “Ad Spending Forecast Revised Downward,” AdAge, August 14, 2013, available online here.
Original source: eMarketer and GroupM
Posted on October 9, 2013