[ad_1]
Nearly 1/5th of Advertising Services Sales to be Contributed by Consumer Goods Industry by 2032
The advertising services market research report published by Fact.MR delves into key observations concerning prominent expansion parameters prevailing across key segments for the upcoming decade. It provides details about growth drivers, trends, and opportunities across leading segments, including mode of service, end- use industry, and region.
NEW YORK, Oct. 21, 2022 /PRNewswire/ — The global advertising services market is projected to reach US$ 665 Billion in 2022. Growth in the market is poised to expand at a CAGR of 7.2% during the forecast period (2022-2032). Rising demand for social media advertising services for businesses such as retail, consumer goods, and others is propelling the growth.
Advertising services platforms enables app developers to generate revenue without charging consumers for the usage of their apps. On the basis of the information gathered by the applications and cache files, in-app adverts aid in reaching a focused audience while also being cost-effective.
Furthermore, numerous firms interact with their target audience via various marketing platforms and encourage consumers to publish reviews and leave comments on their goods and services. Brands may more effectively contact their target demographic in this way. These elements are boosting in-app advertising’s adoption that will lead to drive the growth.
Get A Sample Copy of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=7720
As per the study, China is considered to be one of the nations that spends the most money on advertising globally. As proliferation of e-commerce and digital payment grows, key companies are investing significant amount on in-app internet advertising.
According to the American Psychological Association, advertisers are likely to pay over US$ 12 Billion every year to woo the millennials as they are likely to watch 40,000 commercials annually. With numerous industries such as consumer goods, retail, IT, manufacturing going digital, the need for advertising services is expected to burgeon at a robust pace, exceeding US$ 1,332 Billion by 2032.
Key Takeaways:
- The US advertising agency services is anticipated to grow at a CAGR of 6.9% between 2022 and 2032.
- Sales in China advertising services agencies market are slated to grow at 8.5% CAGR during the assessment period.
- In terms of end-use industry, the consumer goods …
Full story available on Benzinga.com
[ad_2]
Source link
