E-mail Advertising - Southern Europe

  • Southern Europe
  • Ad spending in the E-mail Advertising market in Southern Europe is forecasted to reach US$0.40bn in 2024.
  • The market is expected to experience an annual growth rate (CAGR 2024-2029) of 3.71%, leading to a projected market volume of US$0.48bn by 2029.
  • When compared globally, the United States will generate the highest ad spending (US$3,396.00m in 2024).
  • The average ad spending per internet user in the E-mail Advertising market is projected to be US$1.95 in 2024.
  • In Italy, the trend of integrating personalized content in e-mail advertising campaigns is gaining momentum in the competitive advertising market of Southern Europe.

Key regions: Japan, Germany, United States, Europe, Asia

 
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Analyst Opinion

The Email Advertising market in Southern Europe is experiencing steady growth and development.

Customer preferences:
Customers in Southern Europe are increasingly relying on email as a primary means of communication, both personally and professionally. Email offers a convenient and efficient way for individuals and businesses to stay connected, share information, and conduct transactions. As a result, email advertising has become an effective tool for marketers to reach their target audience in this region.

Trends in the market:
One of the key trends in the Email Advertising market in Southern Europe is the increasing adoption of mobile devices. With the widespread use of smartphones and tablets, people are accessing their emails on the go, making it crucial for marketers to optimize their email campaigns for mobile devices. Responsive design and mobile-friendly content are becoming essential to ensure that emails are easily readable and engaging on smaller screens. Another trend in the market is the growing emphasis on personalization. Customers in Southern Europe are more likely to engage with email advertisements that are tailored to their individual preferences and needs. Marketers are leveraging customer data and advanced analytics to segment their target audience and deliver personalized email content. This approach not only increases customer engagement but also improves the overall effectiveness of email advertising campaigns.

Local special circumstances:
Southern Europe is known for its vibrant and diverse culture, which presents both opportunities and challenges for email advertisers. Each country in the region has its own unique language, traditions, and consumer behavior. Marketers need to take these cultural nuances into account when designing their email campaigns to ensure that they resonate with the local audience. Additionally, Southern Europe has a high level of internet penetration, which provides a wide reach for email advertising. However, there are also concerns about privacy and data protection, which may require marketers to comply with strict regulations and gain the trust of their customers.

Underlying macroeconomic factors:
The Email Advertising market in Southern Europe is influenced by several macroeconomic factors. The region has been experiencing economic growth, which has led to an increase in consumer spending power. This provides a favorable environment for marketers to invest in email advertising and reach a larger audience. Additionally, Southern Europe has a strong presence of small and medium-sized enterprises (SMEs), which are increasingly recognizing the value of email marketing as a cost-effective way to promote their products and services. Furthermore, the region has a large tourism industry, attracting visitors from all over the world. Email advertising allows businesses in the tourism sector to target these tourists and promote their offerings. In conclusion, the Email Advertising market in Southern Europe is growing due to customer preferences for email communication, the adoption of mobile devices, and the emphasis on personalization. Marketers need to consider the local special circumstances, such as cultural nuances and data protection regulations, to effectively engage with the audience in this region. The underlying macroeconomic factors, including economic growth, the presence of SMEs, and the tourism industry, further contribute to the development of the Email Advertising market in Southern Europe.

Methodology

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.

Overview

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