Asia-Pacific to be largest ad market by 2014
By Maisie McCabe, campaignlive.co.uk, Thursday, 11 October 2012 10:40AM
Asia-Pacific is expected to overtake North America to become the biggest regional ad market by the end of 2014, fuelled by an expansion in digital advertising and growth in China, new research suggests.
According to the report, from eMarketer and Starcom MediaVest Group, advertising will be worth $197.39 billion (£123.28 billion) in Asia-Pacific in 2014, when North America is predicted to be worth £192.84 billion.
China is expected to become the world's second-largest ad market in 2013, behind the US, and then the second-largest digital advertising market the following year, also behind the US.
Global adspend is expected to rise from an estimated $538.75 billion in 2012 to $676.17 billion by 2016 - an increase of 15.5 per cent.
Meanwhile, the Western European ad market is expected to rise from $120.64 billion in 2012 to $131.99 billion in 2016, but the region's share of global adspend will decline from 22.4 per cent to 19.5 per cent.
The report predicts that the proportion of ad budgets spent online in the UK will increase from 35.7 per cent of the ad market in 2012 to an estimated 44 per cent by 2016.Follow @MaisieMcCabe
This article was first published on campaignlive.co.uk
- Designer/Illustrator/Children's Designer Premier Media plus excellent benefits, Central London
- Lead User Experience Designer -London - £55,000-£65,000 Digital Gurus £60 - £70 per annum, London
- Senior Account Manager Gemini Search £34000.00 - £38000.00 per annum, City of London
- Powerpoint and Infographics presentation designer 30 to 40k+ Digital Gurus £30 - £45 per annum, London
- Web Development Manager NG Digital Marketing 30-35k DOE, South West
Chronicles of Cannes – Day Two: The Redux
Annie Leibovitz explained the art of bringing a story down to a single moment, and shared the inspiration behind the campaign she created with Disney making tales as old as time relevant to today. We heard from Astro Teller, Captain of Moonshots at Google (yes, really) reinforcing the importance of storytelling in driving audacious invention. Mother warned us to hang on to the joy of craft and keep our brains happy in order not to become advertising douchebags. And Facebook discussed scalable creativity.