Instant Messaging Advertising - Baltics

Baltics

Highlights

Ad spending in the Instant Messaging Advertising market in Baltics is forecasted to reach US$157.00k in 2024.
The market is expected to exhibit an annual growth rate (CAGR 2024-2030) of 2.71%, leading to a projected market volume of US$184.30k by 2030.
In a global context, the United States will account for the highest ad spending (US$74.28m in 2024).
The average ad spending per internet user in the Instant Messaging Advertising market is projected to be US$0.03 in 2024.
In the Baltics, Instant Messaging Advertising is gaining traction among businesses looking to target tech-savvy consumers in Estonia, Latvia, and Lithuania.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Instant Messaging Advertising market in Baltics is experiencing significant growth and development due to the increasing popularity of instant messaging apps and the changing preferences of consumers.

Customer preferences: In recent years, there has been a shift in consumer behavior, with more people relying on instant messaging apps for communication and social interaction. This has created a lucrative opportunity for advertisers to reach their target audience through these platforms. Instant messaging apps offer a convenient and efficient way for advertisers to engage with consumers, as they provide a direct and personalized communication channel. Additionally, the ability to share multimedia content, such as images and videos, within these apps has further enhanced the advertising potential.

Trends in the market: One of the key trends in the Instant Messaging Advertising market in Baltics is the increasing adoption of mobile advertising. With the widespread use of smartphones and the availability of high-speed internet, mobile advertising has become a popular choice for advertisers to reach their target audience. Instant messaging apps are predominantly used on mobile devices, making them an ideal platform for mobile advertising campaigns. Advertisers are leveraging the capabilities of these apps to deliver targeted and personalized advertisements to users based on their demographics, interests, and location. Another trend in the market is the rise of influencer marketing through instant messaging apps. Influencers, who have a large following on these platforms, are collaborating with brands to promote their products or services. This form of advertising is effective as it leverages the trust and influence that influencers have built with their followers. By partnering with influencers, brands can tap into their audience and gain credibility and visibility.

Local special circumstances: The Instant Messaging Advertising market in Baltics is unique due to the specific characteristics of the region. The Baltics, comprising Estonia, Latvia, and Lithuania, have a high internet penetration rate and a tech-savvy population. This makes the region an attractive market for instant messaging apps and advertisers. Additionally, the Baltics have a strong startup ecosystem, with several homegrown instant messaging apps gaining popularity in the region. This provides advertisers with the opportunity to collaborate with local platforms and target the Baltic audience more effectively.

Underlying macroeconomic factors: The growth of the Instant Messaging Advertising market in Baltics is also influenced by macroeconomic factors. The region has experienced steady economic growth in recent years, leading to an increase in consumer spending power. This has resulted in a higher demand for products and services, which in turn has driven the need for advertising. Advertisers are capitalizing on this economic growth by investing in instant messaging advertising to promote their offerings and attract customers. In conclusion, the Instant Messaging Advertising market in Baltics is witnessing significant growth and development due to the changing preferences of consumers and the unique characteristics of the region. Advertisers are leveraging the popularity of instant messaging apps to reach their target audience more effectively and deliver personalized and engaging advertisements. With the rise of mobile advertising and influencer marketing, the market is expected to continue growing in the coming years.

Data coverage:

The data encompasses B2B enterprises. Figures are based on Instant Messaging Advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers the advertising budget used for distributing instant messaging 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 users.

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.