The ad spending winter of 2022 and early 2023 was mild and short-lived, as we predicted. And after a solid H2 2023, things are looking up across the board for 2024.
After two years of uncertainty, the worldwide ad market has stabilized, and spending is set to accelerate. Digital advertising is looking particularly healthy, and numerous national markets—and companies—are in line for standout growth.
Key Question: What is the outlook for total media ad spending and digital ad spending worldwide and by country in 2024?
Key Stat: Growth will spike in 2024 for digital ad spending, traditional ad spending, and total media ad spending. The last time all three metrics accelerated was in 2021, in the immediate aftermath of 2020’s pandemic-driven collapse.
Here’s what’s in the full report
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Table of Contents
Executive Summary
The ad industry can exhale
Ad spending growth will accelerate across the board in 2024
India, China, and the US will overshadow every other country in 2024
Five companies will account for more than 70% of global digital ad revenues
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