Web Push Advertising - Eastern Africa

  • Eastern Africa
  • Ad spending in the Web Push Advertising market in Eastern Africa is forecasted to reach US$3.82m in 2024.
  • The market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 3.28%, leading to a projected market volume of US$4.49m by 2029.
  • When compared globally, the United States is anticipated to generate the highest ad spending amounting to US$1,206.00m in 2024.
  • The average ad spending per internet user in the Web Push Advertising market is projected to be US$0.03 in 2024.
  • In Eastern Africa, the uptake of Web Push Advertising is steadily increasing as companies capitalize on the region's growing digital landscape.

Key regions: China, Australia, Germany, United Kingdom, France

 
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Analyst Opinion

Web Push Advertising is experiencing significant growth in Eastern Africa, driven by customer preferences for personalized and targeted marketing campaigns. This emerging market is witnessing a surge in the adoption of web push notifications as a cost-effective and efficient way for businesses to engage with their customers. Customer preferences in Eastern Africa are shifting towards more personalized and relevant advertising. Consumers are increasingly seeking customized experiences and are more likely to respond to advertisements that align with their interests and needs. Web push notifications provide businesses with the ability to deliver targeted messages directly to their customers' devices, making it an effective tool for reaching and engaging with their target audience. Trends in the market indicate that businesses in Eastern Africa are recognizing the value of web push advertising and are investing in this technology to enhance their marketing strategies. The use of web push notifications allows businesses to deliver real-time updates, promotions, and personalized offers to their customers, resulting in increased customer engagement and conversion rates. This trend is particularly evident in industries such as e-commerce, travel, and entertainment, where businesses are leveraging web push advertising to drive sales and improve customer loyalty. Local special circumstances in Eastern Africa also contribute to the growth of the web push advertising market. The region has witnessed a rapid increase in smartphone penetration, with more consumers accessing the internet through their mobile devices. This presents a significant opportunity for businesses to leverage web push notifications as a direct channel to reach their target audience. Additionally, the relatively low cost of implementing web push advertising compared to traditional advertising methods makes it an attractive option for businesses, especially small and medium-sized enterprises (SMEs) with limited marketing budgets. Underlying macroeconomic factors further support the development of the web push advertising market in Eastern Africa. The region is experiencing economic growth, with a rising middle class and increasing disposable incomes. This has led to an expansion of the consumer market, creating more opportunities for businesses to target and engage with potential customers. Furthermore, the growing internet penetration rate in Eastern Africa provides a favorable environment for web push advertising, as more consumers have access to online platforms and are receptive to digital marketing campaigns. In conclusion, the Web Push Advertising market in Eastern Africa is witnessing significant growth due to customer preferences for personalized marketing, the adoption of web push notifications by businesses, local special circumstances such as smartphone penetration and cost-effectiveness, and underlying macroeconomic factors such as economic growth and increasing internet penetration. This market trend presents a promising opportunity for businesses in the region to enhance their marketing strategies and effectively engage with their target audience.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on Web Push Advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers the advertising budget used for distributing web push 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.

Overview

  • Ad Spending
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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