Unbelievable Global Growth of Advertising and Marketing industry.


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Uploaded on Dec 9, 2020

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Unbelievable Global Growth of Advertising and Marketing industry.

UNBELIEVABLE GLOBAL GROWTH OF THE ADVERTISING AND MARKETING INDUSTRY INTRODUCTION  For hundreds of years, advertisement has grown to become a central driving force behind the global economy.  The third decade of the 21st century wil l see a new wave of technical possibi l i t ies reach the market. Source: www.smallbizgenius.net ADVANCE TECHNOLOGY  As ads gets a face-l i ft, virtual and augmented reality can bloom, with old methods bound for the scrap heap.  We pored over an assortment of credible promotional surveys to paint a clearer image of the current landscape and recognise increasing developments within the industry. Source: www.smallbizgenius.net STATISTICS OF UNBELIEVABLE GLOBAL GROWTH SOCIAL MEDIA  Budgets for ads on social media have doubled globally, from $16 bil l ion in 2014 to $31 bil l ion in 2016. Source: www.smallbizgenius.net DIGITAL AND MOBILE  In 2019, spending on digital ads worldwide was projected at US$ 333.25 bi l l ion.  The market is rising at an impressive pace and is predicted to reach $517 bi l l ion in 2023. Source: www.sasblogs.net GOOGLE ADS  Google, the American multinational technology corporation, generated 116 bi l l ion US dollars in digital advertisement sales in the 2018 fi scal year.  Facebook and Twitter made 55 and 2.6 bi l l ion U.S. dol lars on advertising, respectively in comparison. Source: Wikipedia ADVERTISING COSTS  Average advertising costs are between $9,000 and $10,000 a month for small business operations that use Google Ads as part of their online advertising campaign.  For online ad targeting, 76 percent of advertisers struggle to use behavioural data. Source: www.smallbizgenius.net INDIAN MARKET SIZE  India's digital advertising industry is projected to expand to cross the Rs 25,500 crore (US$ 3.8 bil l ion) mark by 2020 at a compound annual growth rate (CAGR) of 33.5 percent. Source: www.smallbizgenius.net VISUAL ADVERTISING  84 percent of people foresee the production of content by brands.  Around 45 percent of B2C marketers claim that visual advertising is their most valuable content form, while 88 percent of B2B marketers agree that content production makes the company a rel iable and trustworthy platform for their audience. Source: www.smallbizgenius.net PUBLICITY CAMPAIGN  Chanel produced the most costly publicity campaign of al l t ime. It cost $33 mil l ion, of which Nicole Kidman, who appeared in the video, was paid $3 mil l ion. Source: www.pngtree.net DISPLAYING THE BRAND REPEATEDLY  Advert isers also employ a "aff ective condit ion" tact ic where they take a product and put i t next to other products for which people are good.  Detergent brands often al ign themselves with infants, sunl ight, and roses, for instance, even i f detergent has l i t t le to do with those things.  Displaying the brand repeatedly alongside feel -good pictures helps individuals care of the product more posit ively. Source: www.crowdspring.net