Telemarketing - India

India

Highlights

Ad spending in the Telemarketing market in India is forecasted to reach US$140.70m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of 3.01%, leading to a projected market volume of US$168.20m by 2030.
When compared globally, the United States will generate the highest ad spending (US$4.62bn in 2024).
The average ad spending per capita in the Telemarketing market in India is projected to be US$0.10 in 2024.
India's telemarketing in the advertising market is leveraging cultural diversity to create targeted campaigns and enhance customer engagement.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Telemarketing Advertising market in India has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in India have shifted towards digital channels, with an increasing number of consumers using smartphones and accessing the internet. This has created new opportunities for telemarketing advertising, as companies can reach a larger audience through mobile and online platforms. Additionally, the rise of e-commerce in India has further fueled the demand for telemarketing advertising, as companies look to promote their products and services to online shoppers. In terms of trends in the market, there has been a shift towards personalized and targeted telemarketing advertising campaigns. Companies are leveraging data analytics and artificial intelligence to better understand customer behavior and preferences, allowing them to tailor their marketing messages to specific segments of the population. This has resulted in higher conversion rates and improved return on investment for businesses. Another trend in the market is the increasing use of voice-based telemarketing advertising. With the proliferation of voice assistants and smart speakers, companies are exploring new ways to engage with consumers through voice interactions. This includes interactive voice response systems, voice-based surveys, and voice-enabled promotions. This trend is expected to continue as voice technology becomes more prevalent in India. Local special circumstances in India also contribute to the development of the telemarketing advertising market. The country has a large and diverse population, with different languages and cultural preferences. As a result, companies need to adapt their telemarketing advertising strategies to cater to these regional differences. This includes using local languages and dialects in marketing messages, as well as incorporating cultural references and customs. Underlying macroeconomic factors also play a role in the growth of the telemarketing advertising market in India. The country has been experiencing steady economic growth, which has led to an expansion of the middle class and an increase in disposable income. This has created a larger consumer base for companies to target through telemarketing advertising. Additionally, the government's focus on digitalization and initiatives such as the Digital India campaign have further boosted the adoption of telemarketing advertising in the country. In conclusion, the Telemarketing Advertising market in India is developing rapidly due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Companies are increasingly using personalized and targeted telemarketing advertising campaigns, as well as voice-based interactions, to engage with consumers. The diverse population and regional differences in India require companies to adapt their strategies accordingly. The country's economic growth and government initiatives also contribute to the expansion of the telemarketing advertising market.

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.