Digital Banner Advertising - CIS

CIS

Highlights

Ad spending in the Digital Banner Advertising market in the CIS country is forecasted to reach US$1.49bn in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of 5.42%, leading to a projected market volume of US$2.04bn by 2030.
When compared globally, the majority of ad spending will originate from the United States (US$67.12bn in 2024).
The average ad spending per internet user in the Digital Banner Advertising market is projected to be US$6.84 in 2024.
Within the Digital Banner Advertising market, 59% of total ad spending is estimated to be generated through mobile in 2030.
In the CIS region, Digital Banner Advertising is experiencing a surge in demand, driven by the increasing internet penetration and focus on online marketing strategies.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Digital Banner Advertising market in CIS is experiencing significant growth and development, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the CIS region are increasingly shifting towards digital platforms and online advertising. With the rapid growth of internet penetration and smartphone usage, consumers are spending more time online and engaging with digital content. This has created a demand for digital banner advertising as companies seek to reach their target audience in a more targeted and cost-effective manner. Trends in the market also contribute to the development of the Digital Banner Advertising market in CIS. Advertisers are increasingly adopting programmatic advertising, which uses automated technology to target specific audiences and optimize ad placements. This allows for greater efficiency and effectiveness in reaching the desired target market. Additionally, the use of data analytics and artificial intelligence is helping advertisers to better understand consumer behavior and tailor their advertising strategies accordingly. Local special circumstances in the CIS region further drive the growth of the Digital Banner Advertising market. The region is home to a large and diverse population, with different languages, cultures, and preferences. This presents both challenges and opportunities for advertisers, as they need to adapt their campaigns to resonate with the local audience. Furthermore, the relatively low cost of digital advertising compared to traditional forms of advertising makes it an attractive option for businesses operating in the CIS region. Underlying macroeconomic factors also play a role in the development of the Digital Banner Advertising market in CIS. The region has been experiencing economic growth, with increasing disposable incomes and a growing middle class. This has led to higher consumer spending and increased demand for products and services. As businesses seek to capitalize on this growth, they are investing more in advertising and marketing, including digital banner advertising. In conclusion, the Digital Banner Advertising market in CIS is developing rapidly due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. As consumers increasingly turn to digital platforms and online advertising, advertisers are adapting their strategies to reach their target audience more effectively. With the use of programmatic advertising, data analytics, and artificial intelligence, advertisers are able to optimize their campaigns and tailor them to the diverse population in the CIS region. The relatively low cost of digital advertising compared to traditional forms of advertising also makes it an attractive option for businesses operating in the CIS region. With the region's economic growth and increasing consumer spending, the Digital Banner Advertising market in CIS is expected to continue its upward trajectory.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on digital banner advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers digital banner advertising on websites accessed via desktop PCs, on mobile-enabled websites, in apps, or on social media.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use market data from industry reports and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. Then we benchmark key countries or regions (United States, China, Europe, Asia, and Africa) results with country-specific advertising organizations or associations. 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, 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.