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Telemarketing - Belgium

Belgium
  • In Belgium, ad spending in the Telemarketing market is forecasted to reach US$43.72m in 2024.
  • The market is anticipated to exhibit an annual growth rate (CAGR 2024-2030) of -3.54%, leading to an estimated market volume of US$35.21m by 2030.
  • When compared globally, the United States is expected to generate the highest ad spending (US$4.62bn in 2024).
  • The average ad spending per capita in the Telemarketing market is projected to be US$3.73 in 2024.
  • Telemarketing in Belgium's advertising market is seeing a shift towards personalized messaging to enhance customer engagement and drive sales.

Definition:

Telemarketing refers to a type of advertising which allows for promoting products and services and conveying advertising messages through direct communication with potential customers via telephone calls. This market covers various ad spending associated with telemarketing.

Additional information:

Telemarketing 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 telemarketing advertisements
  • Software fees for creating and distributing telemarketing advertisements
  • Cellular fees

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 Telemarketing Advertising market in Belgium has been steadily developing over the years, driven by changing customer preferences and the influence of local special circumstances.

    Customer preferences:
    In Belgium, customers have shown a growing preference for personalized and targeted advertising. They are more likely to respond positively to telemarketing campaigns that are tailored to their specific needs and interests. This has led to an increase in the use of data analytics and customer segmentation techniques by telemarketing companies in order to deliver more relevant and effective advertising messages.

    Trends in the market:
    One of the key trends in the Telemarketing Advertising market in Belgium is the shift towards digital channels. With the increasing popularity of smartphones and the internet, telemarketing companies are leveraging these platforms to reach a wider audience. Mobile telemarketing campaigns, such as SMS and app-based advertising, have gained traction due to their ability to target customers on-the-go. Additionally, the use of social media platforms for telemarketing purposes has also witnessed significant growth in recent years. Another trend in the market is the emphasis on compliance and data protection. The implementation of the General Data Protection Regulation (GDPR) in the European Union has had a significant impact on the telemarketing industry in Belgium. Companies are now required to obtain explicit consent from customers before contacting them for marketing purposes. This has led to a more transparent and ethical approach to telemarketing, with a focus on building trust and maintaining customer privacy.

    Local special circumstances:
    Belgium has a diverse linguistic landscape, with three official languages - Dutch, French, and German. This poses a unique challenge for telemarketing companies as they need to communicate with customers in their preferred language. Companies that are able to provide multilingual telemarketing services have a competitive advantage in the market.

    Underlying macroeconomic factors:
    The Telemarketing Advertising market in Belgium is also influenced by macroeconomic factors. The country has a stable economy with a high GDP per capita, which indicates a strong purchasing power among consumers. This provides opportunities for telemarketing companies to target affluent customers who are more likely to make high-value purchases. Furthermore, Belgium has a well-developed infrastructure and a high level of internet penetration, which facilitates the growth of telemarketing activities. The availability of reliable telecommunications networks and internet connectivity ensures that telemarketing campaigns can reach a wide audience across the country. In conclusion, the Telemarketing Advertising market in Belgium is developing in response to changing customer preferences, the adoption of digital channels, compliance with data protection regulations, and the unique linguistic landscape of the country. These trends, along with the underlying macroeconomic factors, contribute to the growth and evolution of the telemarketing industry in Belgium.

    Global Comparison

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2B enterprises. Figures are based on Telemarketing Advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers the advertising budget used for distributing advertisements via telemarketing.

    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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