Digital Ad Spending Market Report 2025 (Global Edition)

Global Digital Ad Spending Market Report 2024 Market Size Split by Ad Format (Display Ads, Social Media, Native Advertising, Search Ads, Video Ads, Others), by Platform (Mobile, Desktop, DOOH), by Ent...

Digital Ad Spending Market Report Description

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Digital Ad Spending Market Insights Video

Competitive Landscape of the Digital Ad Spending Market

In the Digital Ad Spending market's competitive landscape, numerous key competitors drive innovation and growth. The market is dominated by major tech companies, but the rise of programmatic platforms, mobile-first advertising solutions, and the emergence of new players are driving competitive dynamics. As the digital advertising ecosystem continues to grow, competition will intensify, requiring businesses to stay agile and innovative.

Top Companies Market Share in Digital Ad Spending Industry: (In no particular order of Rank)

• Atheer Inc.
• Barco N.V.
• Blippar.com Ltd.
• Curiscope
• Dell Technologies Inc.
• EON Reality Inc.
• Google LLC
• Honeywell International Inc.
• HP Development Company
• HTC Corporation
• Magic Leap Inc.
• Manus Machinae B.V.
• Microsoft Corporation
• Nokia Corporation
• Oculus
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Digital Ad Spending Market

Which Region Dominates the Digital Ad Spending Market in 2024?

According to Cognitive Market Research, North America currently dominates the Digital Ad Spending market, and the region is expected to have significant growth during the projected period. North America ranks among the highest in the world for internet penetration, with nearly 90% of its population having internet access. According to ITU estimates, around 5.4 billion people, or 67% of the global population, were using the internet in 2023, reflecting a 45% increase since 2018. In Canada, internet usage among individuals aged 15 and older has reached 95%, up from 92% in 2020. The most significant growth occurred among Canadians aged 75 and older, with internet usage rising from 62% in 2020 to 72% in 2022. The expansion of high-speed broadband and 5G networks has significantly improved connectivity, leading to increased online activity and providing advertisers with greater opportunities to engage their audiences through digital channels.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The e-commerce boom, especially in regions like China and Southeast Asia, has significantly driven digital ad spending as brands increasingly target online consumers. In India, the e-commerce industry is projected to reach USD 300 billion by 2030, showcasing substantial growth. The Indian e-retail market is expected to exceed USD 160 billion by 2028, with estimates for 2023 placing its value between USD 57 billion and USD 60 billion, representing a noteworthy increase from previous years. This growth translates to an annual addition of USD 8 billion to USD 12 billion since 2020. Data indicates that the e-commerce market share in Tier-3 cities rose from 34.2% in 2021 to 41.5% in 2022. The B2C e-commerce sector is anticipated to grow steadily during the forecast period, with a compound annual growth rate (CAGR) of 8.68% from 2023 to 2027. The Gross Merchandise Value (GMV) of the Government e-marketplace (GeM) platform doubled in FY24, surpassing INR 4 lakh crore (approximately USD 47.96 billion), fueled by a 205% increase in service procurement, which accounted for nearly 50% of the total GMV. As online shopping continues to surge, businesses are placing greater emphasis on digital advertising strategies, including search engine marketing (SEM), social media ads, and mobile ads, to effectively engage with online shoppers.

The current report Scope analyzes Digital Ad Spending Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Digital Ad Spending

According to Cognitive Market Research, the global Digital Ad Spending market size was estimated at USD 621451.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 248580.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Digital Ad Spending market with a market size of USD 196130.12 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. In the U.S., the demand for the Digital Ad Spending market is driven by the increasing reliance on online platforms for consumer engagement, fueled by the rapid growth of e-commerce and social media usage.
• The Canada Digital Ad Spending market had a market share of USD 29829.68 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. In Canada, the demand for the Digital Ad Spending market is driven by the rising penetration of high-speed internet and mobile devices, which enable consumers to access digital content seamlessly.
• The Mexico Digital Ad Spending market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 22620.84 million in 2024.

Europe Digital Ad Spending

According to Cognitive Market Research, the global Digital Ad Spending market size was estimated at USD 621451.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 186435.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• The United Kingdom Digital Ad Spending market had a market share of USD 31321.16 million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. In the UK, the demand for the Digital Ad Spending Market is driven by the country's rapid growth of e-commerce and the increasing reliance on online platforms for shopping and services.
• The France Digital Ad Spending market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 17152.06 million in 2024.
• According to Cognitive Market Research, the German Digital Ad Spending market size was valued at USD 36914.23 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. In Germany, the demand for the Digital Ad Spending Market is driven by the strong economy and a high level of internet penetration, leading to greater consumer engagement online.
• The Italy Digital Ad Spending market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 16033.45 million in 2024.
• The Russia Digital Ad Spending market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 28897.50 million in 2024.
• The Spain Digital Ad Spending market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD 15287.71 million in 2024
• The Luxembourg Digital Ad Spending market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 5779.50 million in 2024.
• The Portugal Digital Ad Spending market is projected to witness growth at a CAGR of 7.3% during the forecast period, with a market size of USD 3915.15 million in 2024.
• The Greece Digital Ad Spending market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 2237.23 million in 2024.
• The Rest of Europe's Digital Ad Spending market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 28897.50 million in 2024.

Asia Pacific Digital Ad Spending

According to Cognitive Market Research, the global Digital Ad Spending market size was estimated at USD 621451.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 142933.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Digital Ad Spending market size was valued at USD 64320.24 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. In China, the demand for the Digital Ad Spending market is driven by increasing investment in digital marketing by advertisers, particularly in online video ads.
• The Japan Digital Ad Spending market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 19724.87 million in 2024.
• The India Digital Ad Spending market had a market share of USD 17152.06 million in 2024 and is projected to grow at a CAGR of 12.8% during the forecast period. India's significant increase in online shopping and social media engagement, driving the market.
• The South Korean Digital Ad Spending market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 14293.39 million in 2024.
• The Australian Digital Ad Spending market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 7432.56 million in 2024.
• The South East Asia Digital Ad Spending market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 9862.44 million in 2024.
• The Rest of Asia Pacific Digital Ad Spending market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 10148.30 million in 2024.

South America Digital Ad Spending

According to Cognitive Market Research, the global Digital Ad Spending market size was estimated at USD 621451.6 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 31072.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Digital Ad Spending market size was valued at USD 13299.06 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. In Brazil, the demand for the Digital Ad Spending market is driven by the rising popularity of video content and mobile advertising.
• Argentina's Digital Ad Spending market had a market share of USD 5220.19 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Argentina, the demand for the Digital Ad Spending market is driven by the young and tech-savvy population that increasingly relies on digital platforms for information and shopping.
• Colombia's Digital Ad Spending market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 2765.46 million in 2024.
• Peru's Digital Ad Spending market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 2547.95 million in 2024.
• Chile's Digital Ad Spending market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 2237.23 million in 2024.
• The Rest of Latin America's Digital Ad Spending market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 5002.69 million in 2024.

Middle East and Africa Digital Ad Spending

According to Cognitive Market Research, the global Digital Ad Spending market size was estimated at USD 621451.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 12429.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

• The GCC Countries Digital Ad Spending market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 5319.63 million in 2024. Digital Ad Spending sales flourish due to rapid advancements in digital infrastructure, and a growing preference for online shopping among consumers.
• The Egypt Digital Ad Spending market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 1305.05 million in 2024.
• The South Africa Digital Ad Spending market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 1963.79 million in 2024. In South Africa, the demand for the Digital Ad Spending Market is driven by the rising use of smartphones and social media, which has significantly changed consumer behavior and advertising strategies.
• The Turkey Digital Ad Spending market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 1068.90 million in 2024.
• The Nigeria Digital Ad Spending market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 1305.05 million in 2024.
• The Rest of the MEA Digital Ad Spending market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1466.63 million in 2024.

Digital Ad Spending Market Analysis

Digital Ad Spending Market Ad Format Segment Analysis

According to Cognitive Market Research, Display Ads are likely to dominate the Digital Ad Spending Market over the forecast period. As more consumers spend time online across various platforms, the demand for engaging advertising formats has risen. Display ads, which can be strategically placed on websites, social media platforms, and apps, capitalize on this increased digital consumption by effectively capturing user attention. The proliferation of digital platforms—such as social media, news websites, and blogs—provides advertisers with numerous opportunities to display their ads to targeted audiences.

Social Media is the fastest-growing segment in the Digital Ad Spending Market. Users spend significant time on social media, with many checking their accounts multiple times a day. This high engagement provides advertisers with ample opportunities to deliver ads to users in an environment where they are already actively consuming content. Social media offers a range of ad formats, including image ads, video ads, carousel ads, stories, and sponsored posts. This diversity allows brands to choose formats that best suit their marketing objectives and engage their audience effectively.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Digital Ad Spending Industry. Request a Free Sample PDF!

Digital Ad Spending Market Platform Segment Analysis

According to Cognitive Market Research, the Mobile segment holds the largest share of the market. Users are spending more time on mobile applications compared to desktop browsing. Reports indicate that mobile apps account for around 90% of the total mobile internet usage, emphasizing the importance of app-based advertising. The rise of e-commerce has seen consumers increasingly prefer shopping via mobile devices. This trend has prompted brands to invest in mobile advertising to capture the attention of on-the-go consumers.

In the Digital Ad Spending Market, Desktop has been expanding at a rapid pace. The desktop platform is particularly effective for B2B advertising, as professionals frequently use desktop devices for work-related activities. Advertisements targeting this demographic are often more successful on desktop, where users are engaged in tasks that align with the products and services being advertised. Many B2B companies utilize webinars and online training sessions that are best viewed on desktops, leading to increased desktop ad spending to promote such events and attract attendees.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Digital Ad Spending Enterprise Size Segment Analysis

Digital Ad Spending Market End-Use Segment Analysis

According to Cognitive Market Research, The SMES segment holds the largest market share. Many SMEs are recognizing the importance of establishing an online presence to reach a broader audience. The pandemic accelerated digital transformation, with businesses investing more in digital marketing channels to connect with consumers. Affordable and user-friendly digital marketing tools and platforms (like social media and email marketing) have become increasingly accessible, enabling SMEs to implement effective advertising strategies without the need for extensive resources.

In the Digital Ad Spending market, the rapidly growing sector is the Large Enterprise category. Large enterprises typically have larger marketing budgets, allowing them to allocate substantial resources to digital advertising. This trend is driven by the recognition that digital channels can deliver significant returns on investment (ROI) compared to traditional media. As digital marketing becomes more complex and multifaceted, large enterprises are investing in specialized marketing teams, including digital strategists, data analysts, and content creators. This leads to more comprehensive and innovative digital advertising campaigns.

• SMES
• Large Enterprise

Digital Ad Spending End User Segment Analysis

Digital Ad Spending Market End User Segment Analysis

According to Cognitive Market Research, The Retail & e-commerce segment holds the largest market share. The surge in online shopping, accelerated by the COVID-19 pandemic, has led retailers to focus more on digital advertising. With consumers increasingly preferring to shop online for convenience and safety, retailers are investing heavily in digital ad campaigns to capture this growing market. Retailers are leveraging data analytics to understand consumer preferences better, allowing for personalized marketing. Digital advertising enables targeted campaigns that resonate with specific audience segments, improving engagement and conversion rates.

In the Digital Ad Spending market, the rapidly growing sector is the Media & Entertainment category. The rise of streaming platforms like Netflix, Hulu, Disney+, and Spotify has transformed how audiences consume content. These platforms are increasingly relying on digital advertising to reach viewers, driving growth in digital ad spending within the media and entertainment sector. As consumers shift away from traditional media, such as TV and print, media companies are reallocating their advertising budgets to digital channels. This shift has fueled the growth of digital advertising to capture the attention of audiences who spend more time online.

• Retail & eCommerce
• BFSI
• Automotive
• IT & Telecom
• Media & Entertainment
• Healthcare
• Government
• Transportation
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion