Instant Messaging Advertising - Greece

Greece

Highlights

Ad spending in the Instant Messaging Advertising market in Greece is forecasted to reach US$316.10k in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of 2.38%, leading to a projected market volume of US$364.10k by 2030.
When compared globally, the United States will contribute the most to 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$0.04 in 2024.
Greece's Instant Messaging Advertising market is experiencing a surge in personalized chatbot campaigns, enhancing customer engagement and brand interaction.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Instant Messaging Advertising market in Greece has been experiencing steady growth in recent years, driven by changing customer preferences and the increasing popularity of instant messaging platforms.

Customer preferences: Greek consumers have shown a growing preference for instant messaging as a means of communication. This is partly due to the convenience and efficiency of instant messaging, which allows users to send messages and multimedia content in real-time. As a result, advertisers have recognized the potential of reaching a large and engaged audience through instant messaging platforms.

Trends in the market: One of the key trends in the Instant Messaging Advertising market in Greece is the integration of advertising within the messaging experience. Advertisers are increasingly leveraging the interactive nature of instant messaging platforms to create engaging and personalized advertising campaigns. This includes incorporating branded stickers, sponsored messages, and interactive chatbots that allow users to directly engage with brands. Another trend in the market is the rise of influencer marketing on instant messaging platforms. Influencers, who have a large and dedicated following on these platforms, are being utilized by brands to promote their products or services. This form of advertising allows brands to tap into the trust and authenticity that influencers have built with their audiences, resulting in more effective and targeted advertising campaigns.

Local special circumstances: Greece has a high smartphone penetration rate, with a significant portion of the population using smartphones for instant messaging. This provides a favorable environment for instant messaging advertising, as advertisers can reach a large number of potential customers through these platforms. Additionally, Greece has a strong social media culture, with many individuals using instant messaging platforms as their primary means of communication. This further enhances the effectiveness of instant messaging advertising in the Greek market.

Underlying macroeconomic factors: The growth of the Instant Messaging Advertising market in Greece is also influenced by macroeconomic factors. The Greek economy has been recovering from the financial crisis in recent years, leading to increased consumer spending and confidence. This has resulted in more businesses investing in advertising to capitalize on the growing market opportunities. Additionally, the tourism industry, which is a significant contributor to the Greek economy, has also benefited from the use of instant messaging advertising to attract international visitors. In conclusion, the Instant Messaging Advertising market in Greece is experiencing growth due to changing customer preferences, the integration of advertising within the messaging experience, the rise of influencer marketing, local special circumstances such as high smartphone penetration and a strong social media culture, and underlying macroeconomic factors such as the recovering economy and the tourism industry. These factors contribute to the overall development and expansion of the Instant Messaging Advertising market in Greece.

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.