E-mail Advertising - Finland | Statista Market Forecast

Ad spending in the E-mail Advertising market in Finland is forecasted to reach US$29.49m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of 2.40%, leading to an estimated market volume of US$34.01m by 2030.
When compared globally, the United States will lead in ad spending with US$3.40bn in 2024.
The average ad spending per internet user in the E-mail Advertising market is projected to be US$5.84 in 2024.
In Finland, the e-mail advertising market is flourishing as companies leverage targeted campaigns to reach tech-savvy consumers in a digital-first society.

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 Finland is experiencing steady growth due to several key factors.

Customer preferences: In Finland, customers have shown a strong preference for email as a means of communication. This is supported by the fact that Finland has one of the highest internet penetration rates in the world, with a large percentage of the population having access to the internet. Additionally, Finnish consumers are known for their high level of digital literacy and are comfortable with engaging with online content, including email advertisements.

Trends in the market: One of the key trends in the Email Advertising market in Finland is the increasing use of personalized and targeted email campaigns. Advertisers are leveraging data analytics and customer insights to create highly tailored email advertisements that resonate with individual recipients. This approach has been proven to be more effective in capturing the attention of consumers and driving higher conversion rates. Additionally, there is a growing trend towards integrating email advertising with other digital marketing channels, such as social media and mobile advertising, to create a seamless and cohesive customer experience. Another trend in the market is the rise of mobile email advertising. With the increasing use of smartphones and tablets, more and more consumers are accessing their emails on mobile devices. Advertisers are recognizing this shift in consumer behavior and are optimizing their email campaigns for mobile devices, ensuring that the advertisements are responsive and user-friendly on smaller screens. This trend is expected to continue as mobile usage continues to grow in Finland.

Local special circumstances: Finland has a highly developed digital infrastructure, which has facilitated the growth of the Email Advertising market. The country has a high-speed internet connection and widespread access to mobile networks, making it easy for advertisers to reach a large audience. Additionally, Finland has a strong culture of data privacy and security, which has led to increased consumer trust in email advertising. Advertisers are able to collect and use customer data in a transparent and ethical manner, which has further enhanced the effectiveness of email advertising campaigns.

Underlying macroeconomic factors: Finland has a stable and prosperous economy, which has contributed to the growth of the Email Advertising market. The country has a high standard of living and a strong purchasing power, making it an attractive market for advertisers. Additionally, Finland has a highly educated workforce and a culture of innovation, which has fostered the development of digital technologies and marketing strategies. These underlying macroeconomic factors have created a favorable environment for the Email Advertising market to thrive in Finland.

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.