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Digital Audio Advertising - Pakistan

Pakistan
  • Ad spending in the Digital Audio Advertising market in Pakistan is forecasted to reach US$720.30k in 2024.
  • The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of 11.63%, leading to a projected market volume of US$1.39m by 2030.
  • With a projected market volume of US$6.59bn in 2024, the majority of revenue is expected to be generated the United States.
  • In the Digital Audio Advertising market in Pakistan, the number of listeners is estimated to reach 0.0users by 2030.
  • The average ad spending per user in the Digital Audio Advertising market in Pakistan is projected to be US$0.07 in 2024.
  • Within the Digital Audio Advertising market in Pakistan, 65% of the total ad spending will be generated through mobile in 2030.
  • Pakistan's digital audio advertising market is rapidly growing, with a surge in programmatic ad buying and increased investment in podcast sponsorships.

Definition:
Digital Audio Advertising includes all ad revenue generated through pre- and in-stream audio ads that appear in music (music also includes all kinds of radio services) and podcast streaming services. Formats can be single spots, tandem spots, or popular special advertising formats such as presenting, on-air promotions, and infomercials, directly embedded in the audio file or dynamically inserted.

Structure:
  • Music streaming advertising is ad supported on music-streaming services
  • Podcast advertising is ad supported for ads placed within podcast channels

Additional information:
Digital Audio Advertising comprises advertising spending, users, and average revenue per user. The market only displays B2B spending. Figures are based on advertising spending and exclude agency commissions, rebates, production costs, and taxes. Key players in Digital Audio Advertising include Amazon Music, Apple Music, YouTube Music, Tencent Music, and Spotify. For more information on the data displayed, use the info button right next to the boxes.

In-Scope

  • Digital Audio Advertising through pre- and in-Stream Audio Ads that appear in music and podcast streaming services

Out-Of-Scope

  • Banner or Video ads included only in the web player of the streaming service
Audio Advertising: market data & analysis - Cover

Market Insights report

Audio Advertising: market data & analysis

Study Details

    Ad Spending

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    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

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Analyst Opinion

    The Digital Audio Advertising market in Pakistan has been experiencing significant growth in recent years, driven by changing customer preferences and the increasing availability of digital audio platforms.

    Customer preferences:
    In Pakistan, there has been a shift in customer preferences towards digital audio platforms for consuming music and other audio content. This can be attributed to the convenience and accessibility offered by these platforms, allowing users to listen to their favorite music anytime and anywhere. Additionally, the rise of smartphones and affordable internet data plans has further fueled the adoption of digital audio platforms among the Pakistani population.

    Trends in the market:
    One of the key trends in the Digital Audio Advertising market in Pakistan is the growing popularity of music streaming services. These platforms not only provide a wide range of music options but also offer personalized playlists and recommendations based on user preferences. Advertisers are capitalizing on this trend by leveraging targeted advertising on these platforms to reach their desired audience. This allows for more effective and efficient advertising campaigns, as advertisers can tailor their messages to specific demographics or user interests. Another trend in the market is the emergence of podcasts as a popular form of digital audio content. Podcasts have gained traction in Pakistan, with a growing number of listeners tuning in to various genres such as news, entertainment, and self-improvement. Advertisers are recognizing the potential of podcast advertising to engage with a highly engaged and captive audience. By sponsoring or placing advertisements within podcasts, brands can reach listeners in a more intimate and immersive manner.

    Local special circumstances:
    Pakistan has a large and young population, which presents a unique opportunity for advertisers in the Digital Audio Advertising market. The youth in Pakistan are early adopters of new technologies and are more likely to engage with digital audio platforms. Advertisers can leverage this demographic to target their messaging and promote their products or services effectively.

    Underlying macroeconomic factors:
    The increasing availability and affordability of smartphones and internet data plans in Pakistan have played a crucial role in the growth of the Digital Audio Advertising market. As more people gain access to digital audio platforms, the potential audience for advertisers expands. Additionally, the overall economic growth in Pakistan has led to an increase in discretionary spending, which can be harnessed by advertisers to promote their offerings through digital audio advertising. In conclusion, the Digital Audio Advertising market in Pakistan is witnessing significant growth due to changing customer preferences, the rise of digital audio platforms, and the increasing availability of smartphones and internet data plans. Advertisers are capitalizing on these trends by leveraging targeted advertising on music streaming services and podcasts. With a large and young population, Pakistan presents a unique opportunity for advertisers to reach a highly engaged audience. The underlying macroeconomic factors, such as the affordability of smartphones and discretionary spending, further contribute to the growth of the market.

    Reach

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    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.

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    Audio Advertising: market data & analysis - BackgroundAudio Advertising: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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