E-mail Advertising - Chile | Statista Market Forecast

Ad spending in the E-mail Advertising market in Chile is forecasted to reach US$28.74m by 2024.
The sector is expected to demonstrate an annual growth rate (CAGR 2024-2030) of 2.65%, leading to an estimated market volume of US$33.62m by 2030.
When compared globally, the United States is anticipated to generate the highest ad spending (US$3.40bn in 2024).
The projected average ad spending per internet user in the E-mail Advertising market is US$1.58 for 2024.
Chilean companies are increasingly leveraging targeted email advertising campaigns to reach niche markets effectively in the competitive advertising landscape.

Definition:

E-mail Advertising spending refers to the advertising budget allocated by advertisers to their e-mail marketing campaigns, specifically focusing on the budget for the creation and distribution of e-mail advertisements.

Additional information:

E-mail Advertising comprises advertising spending 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. For more information on the data displayed, use the info button right next to the boxes. In scope: |The advertising budget used for e-mail advertisements |Software fees for creating and sending e-mail advertisements

The advertising budget used for e-mail advertisements
Software fees for creating and sending e-mail advertisements

Service agencies
Consultant fees
Production costs
Design services

The Email Advertising market in Chile has been experiencing significant growth in recent years.

Customer preferences: Chilean consumers have shown a strong preference for digital advertising, with email being one of the most effective channels for reaching them. Email advertising allows companies to directly target their audience, delivering personalized messages and offers. Chilean consumers appreciate this level of customization and are more likely to engage with emails that are relevant to their interests and needs. Additionally, with the increasing use of smartphones in Chile, email advertising has become even more accessible and convenient for consumers.

Trends in the market: One of the key trends in the Email Advertising market in Chile is the growing adoption of automation and personalization. Companies are increasingly using email marketing platforms that allow them to automate their campaigns and deliver personalized content to their subscribers. This not only saves time and resources for businesses but also enhances the customer experience by delivering more relevant and timely messages. Another trend in the market is the integration of email advertising with other digital marketing channels. Companies in Chile are recognizing the importance of an omnichannel approach and are leveraging email advertising to complement their social media, search engine marketing, and content marketing efforts. By integrating these channels, companies can create a cohesive and consistent brand experience for their customers.

Local special circumstances: Chile has a highly connected population, with a high internet penetration rate and a strong digital culture. This makes it an ideal market for email advertising, as consumers are accustomed to engaging with brands online. Furthermore, Chile has a growing middle class with increasing purchasing power, which presents a lucrative opportunity for businesses to target this segment through email advertising.

Underlying macroeconomic factors: Chile has experienced steady economic growth in recent years, which has contributed to the expansion of the Email Advertising market. As the economy grows, businesses have more resources to invest in marketing and advertising, including email campaigns. Additionally, the increasing digitalization of the economy has created a favorable environment for email advertising to thrive. In conclusion, the Email Advertising market in Chile is developing rapidly due to customer preferences for digital advertising, the adoption of automation and personalization, the integration of email advertising with other digital marketing channels, the high internet penetration rate in Chile, the growing middle class, and the favorable macroeconomic factors. As companies continue to recognize the effectiveness of email advertising in reaching and engaging with their target audience, the market is expected to further expand in the coming years.

Data coverage:

The data encompasses B2B enterprises. Figures are based on E-mail Advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers the advertising budget used for creating and sending e-mail advertisements.

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 Global survey), 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, and internet coverage. 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 internet 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 the Statista Consumer Insights Global survey is reweighted for representativeness.

This report presents a comprehensive analysis and additional information on the Advertising & Media market, in a PDF format.

All advertising markets across the globe win, yet some win more than others. Ad spending worldwide reached almost 733 billion U.S. dollars in 2023, up less than three percent from the previous year. For comparison, in 2022, Switzerland ranked 20th among the leading economies by gross domestic product (GDP) with a result exceeding 800 billion dollars. Whereas global ad revenues concentrate in areas with either large populations or high purchase power – preferably both – their evolution depends on a larger set of indicators. It was forecast that, in 2024, South Asia will be the world's fastest-growing ad market, and the only out of nine with a double-digit increase rate: 12.1 percent. The second-placed region, comprising the United States and Canada, was projected to see its ad expenditure rise 7.6 percent.