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Instant Messaging Advertising - Belgium

Belgium
  • Ad spending in the Instant Messaging Advertising market in Belgium is forecasted to reach US$670.00k in 2024.
  • The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of 0.00%, leading to a projected market volume of US$670.10k by 2030.
  • In a global context, the United States will generate the highest ad spending (US$74.28m in 2024).
  • The average ad spending per internet user in the Instant Messaging Advertising market is estimated to be US$0.06 in 2024.
  • Belgium's Instant Messaging Advertising market is rapidly growing, with companies leveraging innovative strategies to target audiences effectively and efficiently.

Definition:

Instant Messaging Advertising refers to advertising that delivers promotional messages to potential customers through online chat platforms or applications. This type of ad spending covers various ad formats that appear within or alongside instant messaging conversations, such as instant messaging on Facebook messenger or applications such as WhatsApp, Line, and WeChat.

Additional information:

Instant Messaging 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 instant messaging advertisements
  • Software fees for creating and distributing instant messaging advertisements

Out-Of-Scope

  • Service agencies
  • Consultant fees
  • Production costs
  • Design services
Direct Messaging Advertising: market data & analysis - Cover

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Direct Messaging Advertising: market data & analysis

Study Details

    Ad Spending

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Instant Messaging Advertising market in Belgium is experiencing significant growth due to the increasing popularity of instant messaging platforms among consumers.

    Customer preferences:
    Belgian consumers are increasingly using instant messaging platforms as a primary mode of communication, which has created a lucrative opportunity for advertisers. This shift in consumer behavior can be attributed to the convenience and efficiency of instant messaging compared to traditional communication methods such as phone calls or emails. Additionally, the younger demographic, which forms a significant portion of the user base, prefers instant messaging as it allows for real-time interaction and multimedia sharing.

    Trends in the market:
    One major trend in the Instant Messaging Advertising market in Belgium is the integration of targeted advertising within messaging apps. Advertisers are leveraging user data and advanced targeting techniques to deliver personalized advertisements to consumers based on their demographics, interests, and behavior. This trend is driven by the increasing demand for relevant and engaging content, as consumers are more likely to respond positively to advertisements that align with their preferences. Another trend is the rise of native advertising within instant messaging platforms. Native ads seamlessly blend into the user interface of the messaging app, appearing as part of the conversation or as sponsored content. This approach allows advertisers to reach consumers in a non-intrusive manner, enhancing the overall user experience. Native advertising is particularly effective in capturing the attention of users who are accustomed to the messaging app's interface and are more likely to engage with content that feels familiar.

    Local special circumstances:
    Belgium has a high smartphone penetration rate, with a significant portion of the population relying on mobile devices for instant messaging. This mobile-centric behavior creates a unique opportunity for advertisers to target consumers on-the-go, reaching them at various touchpoints throughout the day. Advertisers can leverage location-based targeting to deliver relevant advertisements to consumers based on their proximity to physical stores or specific locations.

    Underlying macroeconomic factors:
    The growth of the Instant Messaging Advertising market in Belgium is also influenced by macroeconomic factors such as the overall economic stability and consumer spending power. As the economy continues to recover and consumer confidence improves, advertisers are investing more in digital advertising channels, including instant messaging platforms. Additionally, the increasing adoption of e-commerce in Belgium has created a demand for digital advertising as businesses seek to reach consumers online. In conclusion, the Instant Messaging Advertising market in Belgium is thriving due to the growing popularity of instant messaging platforms among consumers. Advertisers are capitalizing on this trend by integrating targeted and native advertising within messaging apps to deliver personalized and non-intrusive content. The high smartphone penetration rate and mobile-centric behavior in Belgium further contribute to the market's growth. Additionally, macroeconomic factors such as economic stability and the rise of e-commerce play a significant role in driving advertising investments in the country.

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Methodology

    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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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    Advertising worldwide – statistics & facts

    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.
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