Zenith Report: Social Media Ad Spend To Overtake Newspapers By 2020

Zenith Report: Social Media Ad Spend To Overtake Newspapers By 2020
SHARE
THIS



A new report by ad agency Zenith in the US has found (many would argue hardly unsurprisingly, too) that ad spend on social media around the globe will overtake spends for newspapers in the next four years.

It also follows a provocative article on B&T yesterday that came with the rather dire warning that 2017 would be the year that digital started killing off traditional medias such as print and TV.

The report, titledAdvertising Expenditure Forecasts, found that spending on social media is growing at 20 per cent per year and would be worth $US50.2 billion by 2019. That was compared to $US50.7 billion for newspapers in the same period. By 2020, the report said, social will be “comfortably ahead”.

And it was good news all round in the Zenith report. It predicted that global ad spend would be up 4.4 per cent in 2016 and predicted the same increase for 2017. Zenith forecasts ad spend to growth 4.4 percent in 2018 and 4.1 percent in 2019.

By 2019, advertising on platforms such as Facebook and Twitter will account for 20 per cent of all internet advertising, the report revealed.

Online video is another fast-growing area, with ad spend on that format growing 18 per cent per year. By 2019, online video advertising expenditure will total $US35.4 billion globally, ahead of the $US25 billion for radio. However, the report noted that online video advertising is  still nowhere near the size of the TV market.

The report stated: “Social media platforms have benefited from the rapid adoption of mobile technology, using it to embed themselves into their users’ daily lives. For many users, social media is the focal point of their social lives as well as their main source of news. Social media ads blend seamlessly into the news feed, and are much more effective than interruptive banner formats, especially on mobile devices.”

On ad spends generally, the report noted: “Global ads pend growth has been remarkably stable since 2010, growing at between 4 percent and 5 percent a year, generally at or below the growth rate of global GDP (gross domestic product). Before the financial crisis, advertising would typically exaggerate the wider economy, growing faster in times of expansion and shrinking faster during recessions, with frequent changes in year-on-year growth rates. More recently the global ad market appears to have entered a phase of more stable growth.”

 

 

 

 

 

Latest News

IsoWhey launches #YouGotThis Weight Management Campaign Via Indie Agency Urban
  • Advertising
  • Campaigns

IsoWhey launches #YouGotThis Weight Management Campaign Via Indie Agency Urban

Australia’s leading health and wellbeing brand IsoWhey has launched its latest national campaign, ‘#YouGotThis’. Created by Urban, the campaign highlights the real-life struggles Australians face on their weight management journey. A journey made easier through perseverance, and a little help from IsoWhey. The #YouGotThis campaign is IsoWhey’s biggest marketing investment to date, with executions running […]

Taking A stand? Just Do It…Maybe
  • Marketing
  • Opinion

Taking A stand? Just Do It…Maybe

In this guest post, creative and strategy director at WE Buchan, David Coupland (pictured below), takes a look at the fallout from Nike’s Colin Kaepernick campaign and says what it also does is show the importance brands now play in our lives… Nike’s decision to feature Colin Kaepernick as the face of their 30th anniversary “Just Do It” campaign […]

Opinion

by B&T Magazine

B&T Magazine
How To Optimise Branded Keywords
  • Marketing
  • Opinion

How To Optimise Branded Keywords

In this guest post, CEO of Delacon, Michael Center (pictured below) talks the value of branded keywords for marketers and offer his tips on getting the best from yours… Branded keywords are an essential part of the digital marketing strategy for many large businesses. Trading on the recognition and equity of a brand’s name, some of the country’s […]

Opinion

by B&T Magazine

B&T Magazine
OLYMPUS DIGITAL CAMERA
  • Marketing
  • Opinion

Expertise First, Influence Second: When Influence Is A By-Product Of Expertise

In this guest post, Taryn Williams, CEO and founder of influencer and creative talent marketplace theright.fit, explains why influence should be a by-product of success, not the foundation for it… Like any form of advertising and promotion, influencer marketing is not without its controversies. Earlier this year Australia’s Federal Minister for Health, Greg Hunt, ordered […]

Opinion

by B&T Magazine

B&T Magazine
Ford & Facebook Invite Aussies To Personalise 2018 Mustang With New In-App Experience
  • Campaigns
  • Marketing
  • Technology

Ford & Facebook Invite Aussies To Personalise 2018 Mustang With New In-App Experience

Ford Australia has unveiled a new innovation that showcases the iconic Ford Mustang through a collaboration Facebook and Instagram. The interactive campaign invites Facebook and Instagram communities to take part in a live poll to identify Australia’s ultimate Mustang design. Targeting performance car fans, along with design lovers and image-conscious consumers, Ford and its partner […]