Traditional media, including print and TV, still draw large audiences in Switzerland and this is where advertisers are focusing spend. Concerns about digital privacy, especially on social platforms, are widespread and a result, advertisers are approaching social media advertising with caution. This has led to low digital ad spending overall. However, as consumers become more trusting of digital, spend is expected to follow. Indeed, growth has already started: This year, digital spend in Switzerland will increase more than 7% to $1.09 billion.
“Even though digital’s share of the total ad market in Switzerland is small, more than half of the amount spent on digital advertising this year will go to mobile,” said Jasmine Enberg, forecasting analyst at eMarketer. “That’s a reflection of the country’s high smartphone penetration rate, which is on par with some of the most advanced markets in the region like the Nordics and the Netherlands.”