The tv advertising market size has grown strongly in recent years. It will grow from $129.61 billion in 2023 to $137.9 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The historical growth can be ascribed to widespread reach and audience engagement, effectiveness in brand building, prime time programming, credibility, trust, and the dominance of traditional advertising.
The tv advertising market size is expected to see strong growth in the next few years. It will grow to $172.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The forecasted growth can be attributed to cross-channel integration and omnichannel campaigns, targeted advertising capabilities, data analytics for ad performance, interactive and shoppable ad formats, and adaptation to changing viewer habits. Major trends in the forecast period include innovations in ad formats and creatives, data privacy compliance in targeted advertising, localization, and regional targeting strategies, as well as the rise of branded content and sponsorships, along with real-time ad campaign adjustments.
The growth of the TV advertising market is expected to be propelled by the increased utilization of over-the-top (OTT) media services. OTT platforms, such as Netflix, Amazon Prime Video, and Disney+, offer non-skippable video advertisements that are 100% viewable by subscribers. Subscription-Supported Video-on-Demand Services on these platforms contribute to the non-skippable nature of ads. Projections indicate a substantial increase in OTT ad spending, reaching an estimated $2.373 billion by 2025, signifying the rapid expansion of advertising on streaming services. Therefore, the surge in over-the-top (OTT) media service usage is a driving force in the TV advertising market.
Programmatic TV advertising is gaining popularity in the TV advertising market. This form of advertising involves the automated purchase of digital advertisements using algorithms and machines, eliminating human intervention and making the process efficient and cost-effective. Programmatic advertising allows organizations to publish numerous ads across various platforms without limitations. It addresses the need for expanded ad reach as audience consumption patterns change. Programmatic TV sets, associated with programmatic advertising, enable audiences to watch OTT platforms on TV. For example, when viewing content on a programmatic TV set, in-stream ads can appear in the video player, running as frequently as desired and enhancing reach to the target audience.
Key companies in the TV advertising market are innovating with ad formats such as Connected TV (CTV) ads. CTV ads are video advertisements delivered through streaming services or apps on smart TVs, taking advantage of the growing popularity of streaming services and the shift toward digital consumption. In September 2023, Microsoft launched a new video ad product that utilizes audience data to enhance ad-serving opportunities and boost conversion rates by targeting high-value customers. Microsoft's extensive audience intelligence, a compilation of verified first-party data from multiple sources, is designed to connect advertisers with their desired audience.
In January 2021, LG Electronics acquired Alphonso for $80 million, strengthening its smart TV business portfolio to compete with major players such as Vizio, Samsung, Amazon, and Roku. Alphonso's proprietary technology and TV data services enable agencies and brands to plan, execute, and monitor interactive connected TV advertising in over 40 countries. Alphonso, an Indian-based company, operates at the intersection of television media, machine learning, and big-data analytics.
Major companies operating in the tv advertising market report are Comcast Corporation, The Walt Disney Company, Viacom Inc., WPP PLC, Publicis Groupe, Columbia Broadcasting System, Omnicom Group, Omnicom Group Inc., Cox Communication, Discovery Communications Inc., Vivendi SA, DENTSU INC., Time Warner Cable, British Broadcasting Corporation, Ogilvy & Mather Worldwide Inc., Univision Communication, Sinclair Broadcast Group, Gray Television Inc., Leo Burnett Worldwide, Havas WORLDWIDE INDIA PRIVATE LIMITED, BBDO Worldwide Inc., McCann Worldgroup, MullenLowe Group, Saatchi & Saatchi, Sun TV Network, Droga5 LLC, Fisher Communication, The Richards Group, TV Today Network, Jacob Tyler Brand & Digital Agency, Gumas Advertising L.L.C., Daniel Brian Advertising, BayCreative Inc., INNOVATIVE PRODUCTION GROUP, ThreeSixtyEight, LiveRail Inc., Division of Labor, THIEL, Anchour, R/Greenberg Associates, Anomaly Partners LLC, Deutsch Welle, Forsman & Bodenfors, M&C Saatchi Sport and Entertainment, Foote Cone & Belding Global, Crispin Porter + Bogusky, GSD&M Idea City LLC, Barton F. Graf, 22squared, Goodby Silverstein & Partners.
North America was the largest region in the TV advertising market in 2023. Western Europe was the second largest region in the global TV advertising market. The regions covered in the tv advertising market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the tv advertising market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The TV advertising market consists of revenue earned by entities by providing services such as planning, developing, creating and managing advertisement and promotional activities in television. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The primary types of TV advertising services include terrestrial, multichannel, and online. Multichannel advertising encompasses the dissemination of marketing messages through various media channels, including email, social media, print, mobile, display ads, and television. These services are delivered through platforms such as cable television and satellite television, utilizing both advertisements and subscription models. Different time slots for TV ads range from 20 seconds to 60 seconds and more.
The TV advertising market research report is one of a series of new reports that provides TV advertising market statistics, including TV advertising industry global market size, regional shares, competitors with a TV advertising market share, detailed TV advertising market segments, market trends and opportunities, and any further data you may need to thrive in the TV advertising industry. This TV advertising market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The tv advertising market size is expected to see strong growth in the next few years. It will grow to $172.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The forecasted growth can be attributed to cross-channel integration and omnichannel campaigns, targeted advertising capabilities, data analytics for ad performance, interactive and shoppable ad formats, and adaptation to changing viewer habits. Major trends in the forecast period include innovations in ad formats and creatives, data privacy compliance in targeted advertising, localization, and regional targeting strategies, as well as the rise of branded content and sponsorships, along with real-time ad campaign adjustments.
The growth of the TV advertising market is expected to be propelled by the increased utilization of over-the-top (OTT) media services. OTT platforms, such as Netflix, Amazon Prime Video, and Disney+, offer non-skippable video advertisements that are 100% viewable by subscribers. Subscription-Supported Video-on-Demand Services on these platforms contribute to the non-skippable nature of ads. Projections indicate a substantial increase in OTT ad spending, reaching an estimated $2.373 billion by 2025, signifying the rapid expansion of advertising on streaming services. Therefore, the surge in over-the-top (OTT) media service usage is a driving force in the TV advertising market.
Programmatic TV advertising is gaining popularity in the TV advertising market. This form of advertising involves the automated purchase of digital advertisements using algorithms and machines, eliminating human intervention and making the process efficient and cost-effective. Programmatic advertising allows organizations to publish numerous ads across various platforms without limitations. It addresses the need for expanded ad reach as audience consumption patterns change. Programmatic TV sets, associated with programmatic advertising, enable audiences to watch OTT platforms on TV. For example, when viewing content on a programmatic TV set, in-stream ads can appear in the video player, running as frequently as desired and enhancing reach to the target audience.
Key companies in the TV advertising market are innovating with ad formats such as Connected TV (CTV) ads. CTV ads are video advertisements delivered through streaming services or apps on smart TVs, taking advantage of the growing popularity of streaming services and the shift toward digital consumption. In September 2023, Microsoft launched a new video ad product that utilizes audience data to enhance ad-serving opportunities and boost conversion rates by targeting high-value customers. Microsoft's extensive audience intelligence, a compilation of verified first-party data from multiple sources, is designed to connect advertisers with their desired audience.
In January 2021, LG Electronics acquired Alphonso for $80 million, strengthening its smart TV business portfolio to compete with major players such as Vizio, Samsung, Amazon, and Roku. Alphonso's proprietary technology and TV data services enable agencies and brands to plan, execute, and monitor interactive connected TV advertising in over 40 countries. Alphonso, an Indian-based company, operates at the intersection of television media, machine learning, and big-data analytics.
Major companies operating in the tv advertising market report are Comcast Corporation, The Walt Disney Company, Viacom Inc., WPP PLC, Publicis Groupe, Columbia Broadcasting System, Omnicom Group, Omnicom Group Inc., Cox Communication, Discovery Communications Inc., Vivendi SA, DENTSU INC., Time Warner Cable, British Broadcasting Corporation, Ogilvy & Mather Worldwide Inc., Univision Communication, Sinclair Broadcast Group, Gray Television Inc., Leo Burnett Worldwide, Havas WORLDWIDE INDIA PRIVATE LIMITED, BBDO Worldwide Inc., McCann Worldgroup, MullenLowe Group, Saatchi & Saatchi, Sun TV Network, Droga5 LLC, Fisher Communication, The Richards Group, TV Today Network, Jacob Tyler Brand & Digital Agency, Gumas Advertising L.L.C., Daniel Brian Advertising, BayCreative Inc., INNOVATIVE PRODUCTION GROUP, ThreeSixtyEight, LiveRail Inc., Division of Labor, THIEL, Anchour, R/Greenberg Associates, Anomaly Partners LLC, Deutsch Welle, Forsman & Bodenfors, M&C Saatchi Sport and Entertainment, Foote Cone & Belding Global, Crispin Porter + Bogusky, GSD&M Idea City LLC, Barton F. Graf, 22squared, Goodby Silverstein & Partners.
North America was the largest region in the TV advertising market in 2023. Western Europe was the second largest region in the global TV advertising market. The regions covered in the tv advertising market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the tv advertising market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The TV advertising market consists of revenue earned by entities by providing services such as planning, developing, creating and managing advertisement and promotional activities in television. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The primary types of TV advertising services include terrestrial, multichannel, and online. Multichannel advertising encompasses the dissemination of marketing messages through various media channels, including email, social media, print, mobile, display ads, and television. These services are delivered through platforms such as cable television and satellite television, utilizing both advertisements and subscription models. Different time slots for TV ads range from 20 seconds to 60 seconds and more.
The TV advertising market research report is one of a series of new reports that provides TV advertising market statistics, including TV advertising industry global market size, regional shares, competitors with a TV advertising market share, detailed TV advertising market segments, market trends and opportunities, and any further data you may need to thrive in the TV advertising industry. This TV advertising market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. TV Advertising Market Characteristics3. TV Advertising Market Trends and Strategies20 seconds32. Global TV Advertising Market Competitive Benchmarking33. Global TV Advertising Market Competitive Dashboard34. Key Mergers and Acquisitions in the TV Advertising Market
4. TV Advertising Market - Macro Economic Scenario
5. Global TV Advertising Market Size and Growth
6. TV Advertising Market Segmentation
60 seconds
7. TV Advertising Market Regional and Country Analysis
8. Asia-Pacific TV Advertising Market
9. China TV Advertising Market
10. India TV Advertising Market
11. Japan TV Advertising Market
12. Australia TV Advertising Market
13. Indonesia TV Advertising Market
14. South Korea TV Advertising Market
15. Western Europe TV Advertising Market
16. UK TV Advertising Market
17. Germany TV Advertising Market
18. France TV Advertising Market
19. Italy TV Advertising Market
20. Spain TV Advertising Market
21. Eastern Europe TV Advertising Market
22. Russia TV Advertising Market
23. North America TV Advertising Market
24. USA TV Advertising Market
25. Canada TV Advertising Market
26. South America TV Advertising Market
27. Brazil TV Advertising Market
28. Middle East TV Advertising Market
29. Africa TV Advertising Market
30. TV Advertising Market Competitive Landscape and Company Profiles
31. TV Advertising Market Other Major and Innovative Companies
35. TV Advertising Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
TV Advertising Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on tv advertising market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for tv advertising? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Service Type: Terrestrial; Multichannel; Online
2) By delivery platform: Cable Television; Satellite Television
3) By Broadcasting services: Advertisement; Subscription
4) By Time slot: 20 seconds; 60 seconds; More than 60 seconds
Key Companies Mentioned: Comcast Corporation; The Walt Disney Company; Viacom Inc.; WPP plc; Publicis Groupe
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Comcast Corporation
- The Walt Disney Company
- Viacom Inc.
- WPP plc
- Publicis Groupe
- Columbia Broadcasting System
- Omnicom Group
- Omnicom Group Inc
- Cox Communication
- Discovery Communications Inc.
- Vivendi SA
- DENTSU INC.
- Time Warner Cable
- British Broadcasting Corporation
- Ogilvy & Mather Worldwide Inc.
- Univision Communication
- Sinclair Broadcast Group
- Gray Television Inc.
- Leo Burnett Worldwide
- Havas WORLDWIDE INDIA PRIVATE LIMITED
- BBDO Worldwide Inc.
- McCann Worldgroup
- MullenLowe Group
- Saatchi & Saatchi
- Sun TV Network
- Droga5 LLC
- Fisher Communication
- The Richards Group
- TV Today Network
- Jacob Tyler Brand & Digital Agency
- Gumas Advertising L.L.C.
- Daniel Brian Advertising
- BayCreative Inc
- INNOVATIVE PRODUCTION GROUP
- ThreeSixtyEight
- LiveRail Inc.
- Division of Labor
- THIEL
- Anchour
- R/Greenberg Associates
- Anomaly Partners LLC
- Deutsch Welle
- Forsman & Bodenfors
- M&C Saatchi Sport and Entertainment
- Foote Cone & Belding Global
- Crispin Porter + Bogusky
- GSD&M Idea City LLC
- Barton F. Graf
- 22squared
- Goodby Silverstein & Partners
Methodology
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