Telemarketing - Eastern Asia

Eastern Asia

Highlights

Ad spending in the Telemarketing market in Eastern Asia is forecasted to reach US$2.97bn in 2024.
The market is expected to experience an annual growth rate (CAGR 2024-2030) of 1.38%, leading to a projected market volume of US$3.22bn by 2030.
When compared globally, the United States is anticipated to generate the highest ad spending (US$4.62bn in 2024).
The average ad spending per capita in the Telemarketing market is estimated to be US$1.82 in 2024.
In South Korea, the telemarketing sector in the advertising market is increasingly leveraging AI technologies to personalize customer interactions and enhance campaign effectiveness.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Telemarketing Advertising market in Eastern Asia is experiencing significant growth and development.

Customer preferences: Customers in Eastern Asia are increasingly turning to telemarketing advertising as a way to reach a larger audience and promote their products or services. Telemarketing offers a direct and personalized approach to marketing, allowing companies to engage with potential customers on a more personal level. Additionally, customers in Eastern Asia appreciate the convenience and efficiency of telemarketing, as it allows them to receive information and make purchasing decisions without leaving their homes or offices.

Trends in the market: One trend in the Telemarketing Advertising market in Eastern Asia is the increasing use of mobile devices. With the widespread adoption of smartphones and tablets, more and more people in the region are accessing the internet and conducting business on the go. This has created new opportunities for telemarketing companies to reach customers through mobile advertising and SMS marketing campaigns. Additionally, the rise of social media platforms has also contributed to the growth of telemarketing in Eastern Asia, as companies can now engage with customers through platforms such as WeChat and Line. Another trend in the market is the focus on data analytics and targeting. Telemarketing companies in Eastern Asia are investing in advanced analytics tools and technologies to better understand customer behavior and preferences. By analyzing data on customer demographics, purchasing patterns, and online behavior, companies can tailor their telemarketing campaigns to specific target audiences, increasing the chances of success.

Local special circumstances: One special circumstance in the Telemarketing Advertising market in Eastern Asia is the cultural diversity of the region. Eastern Asia is home to several countries with distinct languages, cultures, and consumer preferences. Telemarketing companies operating in the region need to navigate these cultural differences and develop strategies that resonate with each country's unique characteristics. This may involve hiring local staff who are familiar with the cultural nuances and preferences of each country, as well as adapting marketing messages and approaches to suit the local market.

Underlying macroeconomic factors: The strong economic growth in Eastern Asia is a key driver of the Telemarketing Advertising market. As countries in the region continue to develop and urbanize, there is a growing middle class with increasing purchasing power. This presents a vast market for companies to target through telemarketing campaigns. Additionally, the region's high internet penetration rate and technological advancements provide a solid foundation for the growth of telemarketing advertising. As more people gain access to the internet and digital devices, the potential reach and effectiveness of telemarketing campaigns in Eastern Asia will continue to expand.

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.