Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
The TV & Video Advertising market in Australia is experiencing significant growth and development.
Customer preferences: Customer preferences in the TV & Video Advertising market in Australia are shifting towards digital platforms. With the increasing popularity of streaming services and online video content, consumers are spending more time watching videos on their smartphones, tablets, and smart TVs. This shift in consumer behavior has created new opportunities for advertisers to reach their target audience through digital channels. Additionally, consumers are becoming more selective in the content they consume and are demanding personalized and relevant advertisements.
Trends in the market: One of the key trends in the TV & Video Advertising market in Australia is the rise of programmatic advertising. Programmatic advertising allows advertisers to automate the buying and selling of ad inventory, making it more efficient and cost-effective. This trend is driven by the increasing availability of data and advanced targeting capabilities, which enable advertisers to deliver personalized and relevant ads to their audience. Programmatic advertising also offers real-time optimization and measurement, allowing advertisers to adjust their campaigns based on performance data. Another trend in the market is the integration of TV and digital advertising. Advertisers are increasingly adopting a multi-channel approach, combining traditional TV advertising with digital channels to reach a wider audience. This integration allows advertisers to extend their reach and engage with consumers across different platforms and devices. Furthermore, the convergence of TV and digital advertising provides advertisers with more opportunities for targeting and measurement, enabling them to optimize their campaigns and improve ROI.
Local special circumstances: Australia has a highly developed media industry, with a strong presence of both local and international broadcasters. This competitive landscape provides advertisers with a wide range of options for TV & Video Advertising. Additionally, Australia has a high level of internet penetration and smartphone adoption, making it an attractive market for digital advertising. The country also has a strong creative industry, which contributes to the production of high-quality content for TV and digital platforms.
Underlying macroeconomic factors: The growth of the TV & Video Advertising market in Australia is supported by several macroeconomic factors. Australia has a stable economy and a high standard of living, which translates into higher consumer spending on entertainment and media. The country also has a strong advertising industry, with advertisers investing heavily in TV and digital advertising to reach their target audience. Furthermore, the rapid technological advancements and the increasing availability of high-speed internet have contributed to the growth of the digital advertising market in Australia.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Data coverage:
Data encompasses enterprises (B2B). Figures are based on TV and video advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers traditional TV advertising (non-digital formats such as terrestrial TV, cable TV, satellite TV, and linear TV) and digital video advertising (video ad formats: web-based, app-based, on social media, and connected devices).Modeling approach:
Market size is determined by a combined top-down and bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party reports, web traffic, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, media consumption, internet users, consumer spending, and digital consumer spending.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.Additional notes:
Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.Notes: Based on IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights