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Online Ad Spending Will Grow 20.2% This Year
Online ad spending is returning to pre-recession growth levels, with steady increases projected through 2015 as marketers continue to invest more in digital channels.
eMarketer expects U.S. online advertising spending to reach $31.3 billion this year, a dramatic 20.2% increase over 2010 spending. By 2015, nearly $50 billion will be spent on online ads in the US.
“The internet has become as fundamental as television to advertisers,” said eMarketer principal analyst David Hallerman. “As consumers continue to increase their time spent online and as a resurgent economy continues to bolster ad budgets, we’re going to continue to see an influx of dollars toward the internet. More ad formats, such as video, and more channels, especially social media and mobile, are also key contributors to the spending gains.”
Online video ads continue to be the fastest-growing format, with an increase of more than 52% predicted this year. Spending on sponsorships is rising quickly as they experience a resurgence due to branding-oriented campaigns.
Banners, search, and classifieds and directories will also show strong increases this year.
source: Cable Spots 6/9/2011