Market Insights Advertising & Media Advertising

Direct Messaging Advertising - Argentina

Argentina

Ad spending in the Direct Messaging Advertising market in Argentina is forecasted to reach US$325.90m in 2024.
The market is expected to experience an annual growth rate (CAGR 2024-2029) of 0.77%, leading to a projected market volume of US$338.60m by 2029.
Direct Mail Advertising holds the largest market share in Argentina with a volume of US$237.30m in 2024.
When compared globally, the United States leads in ad spending with US$29,980.00m in 2024.
The average ad spending per capita in the Direct Messaging Advertising market is anticipated to be US$7.08 in Argentina in 2024.
Direct Messaging Advertising in Argentina is experiencing a surge in personalized campaigns, leveraging local cultural nuances to drive engagement and brand loyalty.

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

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Analyst Opinion

The Direct Messaging Advertising market in Argentina is experiencing significant growth and development.

Customer preferences: Customers in Argentina are increasingly using messaging platforms as a means of communication. With the rise of smartphones and the proliferation of messaging apps, such as WhatsApp and Facebook Messenger, people are relying more on these platforms to stay connected with friends, family, and businesses. This shift in customer behavior has created a new opportunity for advertisers to reach their target audience directly through direct messaging advertising.

Trends in the market: One of the key trends in the Direct Messaging Advertising market in Argentina is the increasing adoption of chatbots. Chatbots are automated messaging systems that can interact with customers in a conversational manner. They can provide information, answer questions, and even complete transactions. Many businesses in Argentina are leveraging chatbots to enhance their customer service and improve the overall customer experience. This trend is expected to continue as more businesses recognize the benefits of using chatbots in their direct messaging advertising strategies. Another trend in the market is the personalization of direct messaging advertising. With the vast amount of data available, advertisers in Argentina are able to tailor their messages to individual customers based on their preferences, behavior, and demographics. This personalized approach helps to increase engagement and conversion rates, as customers are more likely to respond to messages that are relevant to their interests and needs.

Local special circumstances: Argentina has a large and active social media user base, with a high percentage of the population using platforms such as Facebook and Instagram. This provides a fertile ground for direct messaging advertising, as these platforms often have integrated messaging features. Additionally, the prevalence of smartphones in Argentina further facilitates the use of direct messaging advertising, as people can easily access messaging apps on their mobile devices.

Underlying macroeconomic factors: The growth of the Direct Messaging Advertising market in Argentina is also influenced by macroeconomic factors. The country has been experiencing economic challenges in recent years, with high inflation and a fluctuating currency. As a result, businesses are looking for cost-effective advertising solutions that can deliver measurable results. Direct messaging advertising offers a relatively low-cost option compared to traditional forms of advertising, making it an attractive choice for businesses in Argentina. In conclusion, the Direct Messaging Advertising market in Argentina is growing due to customer preferences for messaging platforms, the adoption of chatbots, the personalization of advertising messages, the prevalence of social media usage, and the economic circumstances in the country. This market is expected to continue to develop as more businesses recognize the benefits of direct messaging advertising and leverage it to reach their target audience effectively.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on Direct Messaging Advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising by businesses via e-mail, SMS, direct mail, messengers, web push, telemarketing, and instant messaging.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights), as well as performance factors (e.g., user penetration, usage). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, number of internet users, number of smartphone users, internet coverage, and number of urban households. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, 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. The main drivers are GDP per capita, consumer spending per capita, and 4G coverage.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from Consumer Insightsis reweighted for representativeness.