Digital Audio Advertising - Central Africa

  • Central Africa
  • The Digital Audio Advertising market in Central Africa is forecasted to reach US$3,275.00k in 2024.
  • The market is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 4.49%, leading to a projected market volume of US$4,079.00k by 2029.
  • With a projected market volume of US$6,586.00m in 2024, the majority of revenue will be generated the United States.
  • By 2029, the number of listeners in the Digital Audio Advertising market is expected to reach 8.6m users.
  • The average ad spending per user in the Digital Audio Advertising market is projected to be US$0.53 in 2024.
  • In 2029, 77% of total ad spending in the Digital Audio Advertising market is expected to come from mobile.
  • Central Africa is experiencing a surge in demand for targeted Digital Audio Advertising, reflecting a growing interest in innovative marketing strategies in the region.

Key regions: United States, France, India, Asia, Japan

 
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Analyst Opinion

Digital audio advertising is experiencing significant growth in Central Africa, driven by changing customer preferences and the increasing availability of digital platforms. Customer preferences in Central Africa are shifting towards digital audio platforms for entertainment and information. With the increasing penetration of smartphones and the internet, more people are accessing digital audio content, such as music streaming services and podcasts. This trend is particularly popular among the younger population, who are more tech-savvy and prefer on-demand and personalized content. As a result, advertisers are recognizing the potential of reaching their target audience through digital audio advertising. Trends in the market indicate that advertisers are allocating more of their budgets towards digital audio advertising in Central Africa. This is due to the growing popularity of digital audio platforms, which offer precise targeting capabilities and measurable results. Advertisers can reach their desired audience based on demographics, interests, and listening habits, ensuring that their messages are delivered to the right people at the right time. Additionally, digital audio advertising allows for interactive and engaging ad formats, enhancing the overall user experience. Local special circumstances in Central Africa contribute to the development of the digital audio advertising market. Traditional media channels, such as radio and television, have limited reach in remote areas, making it difficult for advertisers to effectively target these regions. Digital audio platforms, on the other hand, can reach a wider audience, including those in rural areas with limited access to traditional media. This provides advertisers with the opportunity to expand their reach and connect with previously untapped markets. Underlying macroeconomic factors also play a role in the growth of the digital audio advertising market in Central Africa. The region has been experiencing economic growth, leading to an increase in disposable income and consumer spending. This creates a favorable environment for advertisers, as consumers have more purchasing power and are more receptive to advertising messages. Additionally, the digital infrastructure in Central Africa is improving, with better internet connectivity and increased smartphone penetration. This enables more people to access digital audio platforms, further fueling the growth of digital audio advertising. In conclusion, the digital audio advertising market in Central Africa is developing due to changing customer preferences, the increasing availability of digital platforms, and favorable macroeconomic factors. Advertisers are recognizing the potential of reaching their target audience through digital audio advertising and are allocating more of their budgets towards this medium. The local special circumstances, such as limited reach of traditional media channels and improving digital infrastructure, further contribute to the growth of the market. As Central Africa continues to embrace digitalization, the digital audio advertising market is expected to thrive in the coming years.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on digital audio advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers pre- and in-stream audio ads and podcast streaming ads.

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, media consumption, internet users, 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.

Overview

  • Ad Spending
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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