Audio Advertising - Georgia

  • Georgia
  • Georgia is expected to see ad spending in the Audio Advertising market reach US$2.54m by 2024.
  • The country's largest market is Traditional Radio Advertising, with a market volume of US$1.98m in 2024.
  • When compared globally, the United States will lead in ad spending with US$19,560.00m in 2024.
  • The average ad spending per listener in the Traditional Radio Advertising market is projected to be US$1.29 in 2024.
  • In Georgia, the Audio Advertising market is rapidly expanding, with a growing number of businesses investing in targeted audio campaigns to reach their audience effectively.

Key regions: China, Asia, Australia, France, Germany

 
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Analyst Opinion

The Audio Advertising market in Georgia has been steadily growing in recent years, driven by changing customer preferences and the increasing popularity of audio streaming platforms.

Customer preferences:
Customers in Georgia are increasingly turning to audio streaming platforms for their entertainment needs. These platforms offer a wide range of music and podcast options, allowing users to customize their listening experience. As a result, traditional radio advertising is losing its appeal, and advertisers are shifting their focus to audio advertising on streaming platforms. This change in customer preferences has contributed to the growth of the Audio Advertising market in Georgia.

Trends in the market:
One of the key trends in the Audio Advertising market in Georgia is the rise of programmatic advertising. Programmatic advertising allows advertisers to target their audience more effectively by using data and algorithms to automate the buying and selling of ad inventory. This trend is particularly relevant in the audio advertising space, as it enables advertisers to reach their target audience with personalized and relevant messages. Programmatic audio advertising is becoming increasingly popular in Georgia, as advertisers recognize its potential to maximize their return on investment. Another trend in the market is the increasing use of voice-activated devices. Smart speakers and voice assistants like Amazon Echo and Google Home have gained popularity in Georgia, and this has created new opportunities for audio advertising. Advertisers can now reach consumers through voice-activated devices, delivering their messages in a more interactive and engaging way. This trend is expected to drive further growth in the Audio Advertising market in Georgia.

Local special circumstances:
Georgia has a strong music and entertainment culture, with a rich history of traditional music and dance. This cultural heritage has contributed to the popularity of audio streaming platforms in the country. Georgian consumers have a strong affinity for music and are eager to discover new artists and genres. This presents a unique opportunity for advertisers to connect with their target audience through audio advertising, leveraging the strong emotional connection that music can create.

Underlying macroeconomic factors:
The growing Audio Advertising market in Georgia is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income. As a result, consumers are more willing to spend on entertainment and leisure activities, including audio streaming services. This economic growth has created a favorable environment for the Audio Advertising market to thrive. In conclusion, the Audio Advertising market in Georgia is developing due to changing customer preferences, the rise of programmatic advertising, the increasing use of voice-activated devices, the country's strong music and entertainment culture, and favorable macroeconomic conditions. As audio streaming platforms continue to gain popularity and advertisers seek more targeted and engaging ways to reach their audience, the Audio Advertising market in Georgia is expected to continue its growth trajectory.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on audio advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers traditional radio advertising (broadcasting programs on terrestrial radio stations or networks) and digital audio advertising (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, 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.

Overview

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