Advertising media owners' revenue is expected to reach 39 billion British pounds in 2022, with close to 70 percent attributed to internet advertising. The next highest spending areas for advertising include television and newsbrands. However, newsbrands and magazines are the two media that have seen net adverting spend fall during measured period.
Digital and social media spend
Internet advertising spend accounts for close to two thirds of the total spend in the UK. Advertising via the internet allows advertisers to bring promotional content to consumers using online technologies. It includes, among others, advertisements placed on social media platforms and search engines, banner ads on desktop as well as mobile websites and promotional messages delivered via email.
Growth of media spend in the UK
Whether it is for the purpose of increasing sales, product awareness, increasing market share or to promote brand loyalty, the simple fact is that brands will continue to advertise to try and put themselves ahead of the competition. In 2022, the highest growth in ad spend in the UK is forecast for cinema, at over 200 percent, followed by digital out-of-home at 34 percent. In total, the industry is expected to see 10.7 percent year-on-year growth that year.
Advertising media owners revenue in the United Kingdom (UK) from 2014 to 2027, by medium
(in million GBP)
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GroupM. (June 13, 2022). Advertising media owners revenue in the United Kingdom (UK) from 2014 to 2027, by medium (in million GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/
GroupM. "Advertising media owners revenue in the United Kingdom (UK) from 2014 to 2027, by medium (in million GBP)." Chart. June 13, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/
GroupM. (2022). Advertising media owners revenue in the United Kingdom (UK) from 2014 to 2027, by medium (in million GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/
GroupM. "Advertising Media Owners Revenue in The United Kingdom (Uk) from 2014 to 2027, by Medium (in Million Gbp)." Statista, Statista Inc., 13 Jun 2022, https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/
GroupM, Advertising media owners revenue in the United Kingdom (UK) from 2014 to 2027, by medium (in million GBP) Statista, https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/ (last visited November 22, 2024)
Advertising media owners revenue in the United Kingdom (UK) from 2014 to 2027, by medium (in million GBP) [Graph], GroupM, June 13, 2022. [Online]. Available: https://www.statista.com/statistics/248766/advertising-spending-in-the-uk-by-media/