17.12.2024 Media industry
First Trillion Dollars. Advertising Market 2024 and Forecasts for 2025
DUG
GroupM (part of WPP), in its cyclical report "This Year Next Year," summarizing the past year and predicting trends for the next, has published the latest forecasts for global advertising markets. The estimated advertising market growth rate in 2024 is as high as 9.5%, bringing its value globally to over 1 trillion dollars in 2024 (excluding political advertising spending in the US) – a symbolic barrier the advertising market has crossed for the first time in history.
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illustration: Bing AIThe annual value of the global advertising market has surpassed the 1 trillion dollar mark for the first time in history this year, following a year-on-year growth of 9.5%. Such high global growth dynamics are driven, among others, by the strong performance of the largest ad sellers, recovery in key markets (led by China and the US), and, above all, the rapid development of the digital channel.
- For 2025, GroupM analysts forecast a global growth rate of 7.7%
- and the global market to exceed 1.1 trillion dollars by the end of 2025.
Digital advertising remains the strongest channel – the report estimates its growth in 2024 reached 12.4% globally. In 2025, digital will account for 72.9% of the global advertising pie. Within digital, retail media is growing particularly dynamically, projected to reach a value of $176.9 billion in 2025, for the first time surpassing television (including streaming).
Out-of-home advertising (OOH) grew by 10.5% in 2024 and maintains its stable share in the global advertising industry (around 5% of the total media mix) – mainly due to rapid growth in DOOH (Digital OOH), which is expected to account for 42% of total OOH revenues in 2025. Global audio advertising revenues will remain stable in 2025, while print advertising will continue to experience declines due to increasing digitization and the growing influence of AI.
All 10 of the largest advertising markets recorded growth in 2024, although to varying degrees. The US and China remain the two largest markets, with total advertising revenues at the end of 2024 expected to be up year-on-year by 9.0% and 13.5%, respectively. The UK holds third place, just ahead of Japan. Germany and France maintain their positions, followed by Canada, Brazil, India, and Australia.
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