How much is the digital marketing industry worth in 2024?

If that's not impressive enough, the digital advertising market is forecast to continue growing and reach $667.6 billion in 2024 and surpass $730 billion in 2025.

How big is the digital marketing market in 2025?

The market is expected to grow from $374.2 billion in 2020 to $763.6 billion in 2025 at a rate of 15.3%. The market is expected to grow from $ 763.6 billion in 2025 to $1,449.0 billion in 2030 at a CAGR of 13.7%.

How big is the digital advertising market in the world?

Digital Advertising Market Size & Trends The global digital advertising market size was valued at USD 365.37 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 15.5% from 2023 to 2030.

What is the revenue of digital advertising?

Key stat: Digital ad spend worldwide will hit $601.84 billion this year, up 9.5% from $549.51 billion in 2022, according to our forecast. Beyond the chart: Total media ad spend worldwide will hit $897.26 billion in 2023, which is up just 5.8% over last year.

What is the advertising industry's forecast for 2024?

Estimates for global 2024 advertising growth range between 4.6% and 7.2%, nearly double the projected 2023 growth of 2%-5%. Macroeconomic improvement in the second half of 2023 and an upbeat outlook for the economy in 2024 are expected to drive this growth.

What does Forbes say about digital marketing in 2024?

Overall, digital marketing offers a dynamic and rewarding career path for those interested in the intersection of technology and marketing. Benefits of Pursuing a Career in Digital Marketing: Lucrative Salary Potential: As Forbes predicts, digital marketing is set to become the highest paying job of 2024.

Will chat gpt replace digital marketing?

No, ChatGPT cannot replace digital marketing. ChatGPT is an artificial intelligence language model that can provide information, answer questions, and engage in conversations.

How big is the digital advertising market in 2030?

According to a new report, published by KBV research, The Global Digital Advertising Market size is expected to reach $1041.9 billion by 2030, rising at a market growth of 14.5% CAGR during the forecast period. The Services segment is experiencing a CAGR of 16% during (2023 - 2030).

What is the growth outlook for digital marketing?

According to Market.us, The Global Digital Marketing Market is poised for significant growth, with sales projected to reach USD 1,310.3 billion by 2033, indicating a robust 13.6% compound annual growth rate (CAGR) from 2024 to 2033.

What is the world's largest digital advertising company?

WPP Plc (NYSE:WPP) holds the distinction of being the largest advertising-holding company globally, measured by annual revenues. With a wide range of services encompassing traditional and digital advertising, public relations, and consulting, WPP Plc (NYSE:WPP) caters to clients worldwide.

What is the growth rate of the digital advertising industry?

Growth for total US digital ad spending this year will reach 7.8%, its slowest pace in 14 years, according to our forecast. The growth rate will pick up from 2024 through to the end of our forecast period in 2027, when growth will be more than 10% each year.

Who earns the most online advertising revenue?

Digital advertising revenue of leading online companies 2012-2023. In 2023, Meta Platforms earned over 131 billion U.S. dollars in digital revenue through online advertising. In 2022, search market leader Google generated 224.47 billion U.S. dollars through digital advertising channels.

Who spends the most on digital advertising?

Retail is nearly twice as big a player as any other industry. Retail will spend $73.55 billion on digital advertising in 2023, over $34 billion more than the second-place spender, consumer packaged goods (CPG).

Ad revenue major digital ad sellers worldwide 2024 | Statista (2024)

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Advertising revenue of major digital ad-selling companies worldwide in 2024 (in billion U.S. dollars) Statistics on " Advertising worldwide " Other statistics that may interest you Advertising worldwide Statistics Topics FAQs

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Published by

Julia Faria,

Feb 22, 2024

In 2024, Google was forecast to generate 190.5 billion U.S. dollars in global online advertising revenue, securing the tech giant's top spot among leading digital ad sellers worldwide. This was followed by Meta with an ad revenue of 146.3 billion U.S. dollars, while Amazon clinched bronze with a revenue of 52.7 billion.