Posts tagged with "advertisements"

PR-Social Media Ad Spending to Jump 15% YoY & Hit $105B in 2021

After a sharp fall in March, digital ad spending has witnessed a strong growth worldwide, as millions of consumers shifted from brick-and-mortar stores to webshops amid the COVID-19 outbreak.

According to data presented by Finaria.it, social media ads, as one of the fastest-growing segments of the digital advertising industry, are expected to continue booming and hit $105bn in spending in 2021, a 15% jump year-over-year.

Global Social Media Ad Spending Surged by 68% in Three Years

In 2017, brands and media buyers spent $54.4bn on social media advertising worldwide, revealed Statista Global Consumer Survey. Over the next two years, this figure jumped by 57% to $85.7bn.

Although the COVID-19 pandemic triggered a sharp fall in the global digital advertising industry between January and March 2020, the market recovered in the second and third quarter of the year. As a result, global social media ad spending is expected to hit $91.3bn this year, a 6.5% increase compared to 2019 figures.

The Statista data also revealed the social media advertising segment is set to witness the second-largest increase in spending in 2021, growing by $13.7bn in a year. Only the search advertising segment is expected to see a more considerable boost in spending and grow by 16% YoY to $172.2bn in 2021.

Statistics show the increasing trend is set to continue in the following years, with social media ad spending rising to $124.6bn by 2025.

Mobile Ads to Hit 80% Market Share

The average ad spending per social media user is expected to amount to $31.90 in 2020, slightly more than a year ago. In the next five years, this figure is forecast to rise to $36.67.

Statista data also showed that in 2017, 71% of the total social media ad spending was generated through mobile devices. Mobile advertising continued growing in the last three years and hit a 79% market share in 2020. Statistics indicate this figure is set to jump to 80% next year, and by the end of 2025, mobile ads will account for 83% of total social media ad spending.

Analyzed by geography, the United States represents the world’s leading market in social media advertising, expected to hit $37.8bn in spending in 2020, a 4.5% increase in a year. This figure is forecast to jump by 16% and reach $44.1bn in 2021.

As the second-largest market globally, social media ad spending in China is expected to grow by 11.3% YoY to $24.9bn in 2020. United Kingdom, Japan, and Australia follow with $5.7bn, $2.4bn, and $2bn, respectively.

Mina Tocalini, 360 Magazine, Burger

Burger King VS McDonald’s

Burger King and McDonald’s are at it again. Burger King Finland places outdoor ads outside its competitors restaurants promising free delivery – if you set your order’s pickup location to a McDonald’s restaurant.

“Nearly every district in Helsinki has a McDonald’s restaurant. Sadly Burger King is not quite as common. We feel for the whopper-less city dwellers of these regions. We know how it feels like to yearn for the taste of our juicy flame-grilled burgers. But lucky for them, there’s an easy fix”, says Kaisa Kasila, Brand Manager of Burger King.

Burger King turns local McDonald’s into their delivery hot-spots. Helsinkians can order out Burger King and pick up their order from their nearest McDonald’s restaurants free of charge from the 29th of June to the 1st of July.

A local food delivery and takeout app Wolt (similar to UberEats) is in with the prank.

Burger King and McDonald’s have created a global prank war. Earlier this year in Scandinavia Burger King made “The Moldy Whopper” – a small jab at McDonald’s. The experiment wasn’t tasty, but more of a unique way to show how the classic burger is free of artificial preservatives.

And just because nothing is sacred, Burger King has pulled pranks on other franchises as well, like Star Wars.

Follow Burger King: Facebook | Instagram | Twitter | YouTube

Contextual Advertising Report

In a recent study conducted by GumGum, the world’s leading computer vision technology company, 61% of US respondents reported they would continue to keep spending on contextual advertising. So what is contextual advertising, and why is it so important?

Contextual advertising is a form of artificial intelligence with the goal of creating targeted advertisements for its consumers. The advertisements are selected by an automated system based on the user and the content they enjoy. This approach allows companies to be more specific about the content they distribute and helps them deliver emotionally relevant branded messages.

GumGum recognizes the power of artificial intelligence and contextual advertising. They are dedicated to extracting valuable information from the public and proprietary data sets to implement it for industries across the board. With this knowledge, GumGum with the help of The Drum Studios, decided to conduct a study on contextual advertising. By doing so, GumGum determined the overall growing interest of this type of targeted advertising and why it has become so valuable for businesses.

I wanted to see if you would be interested in connecting with an executive from GumGum to discuss the recent study on contextual advertising. They are also available to discuss the misconceptions of artificial intelligence and contextual advertising. For more information on this study watch, A Walk Down Contextual Lane created by GumGum.