In-App Advertising - Ivory Coast

  • Ivory Coast
  • Ad spending in the In-App Advertising market in Ivory Coast is forecasted to reach US$32.01m in 2024.
  • The expected annual growth rate (CAGR 2024-2029) is 8.13%, leading to a projected market volume of US$47.32m by 2029.
  • The average ad spending per mobile internet user in the In-App Advertising market in Ivory Coast is projected to be US$1.30 in 2024.
  • When compared globally, China is anticipated to generate the highest ad spending, reaching US$132.60bn in 2024.
  • Ivory Coast's In-App Advertising market shows a growing trend towards interactive and personalized ad experiences to engage tech-savvy consumers effectively.

Key regions: China, Europe, United States, Asia, Germany

 
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Analyst Opinion

The In-App Advertising market in Ivory Coast is experiencing significant growth and development.

Customer preferences:
In Ivory Coast, there is a growing demand for mobile apps among the population. With the increasing availability of smartphones and affordable mobile data plans, more people are using mobile apps for various purposes such as social networking, entertainment, and e-commerce. This rise in mobile app usage has created a favorable environment for in-app advertising.

Trends in the market:
One of the key trends in the In-App Advertising market in Ivory Coast is the shift towards programmatic advertising. Programmatic advertising allows advertisers to automate the buying and selling of ad inventory, making it more efficient and cost-effective. This trend is driven by the increasing adoption of real-time bidding platforms and the need for targeted and personalized advertising. Another trend in the market is the rise of native advertising. Native ads blend seamlessly with the content of the app, providing a non-disruptive and engaging user experience. This form of advertising is gaining popularity among advertisers in Ivory Coast as it allows them to reach their target audience in a more subtle and effective way.

Local special circumstances:
Ivory Coast has a young and tech-savvy population, which contributes to the growth of the In-App Advertising market. The majority of the population falls within the age group that is most active in using mobile apps and engaging with digital content. This demographic factor makes Ivory Coast an attractive market for app developers and advertisers. Additionally, the increasing internet penetration rate in Ivory Coast is driving the growth of the In-App Advertising market. As more people gain access to the internet, the potential audience for in-app advertising expands, creating more opportunities for advertisers to reach their target market.

Underlying macroeconomic factors:
The economic stability and growth in Ivory Coast play a significant role in the development of the In-App Advertising market. With a stable economy and a growing middle class, more people have disposable income to spend on smartphones and mobile data plans, leading to increased app usage and in-app advertising opportunities. Furthermore, the government's focus on promoting digital entrepreneurship and innovation has created a favorable environment for the In-App Advertising market. Initiatives such as the establishment of technology hubs and the implementation of policies to support the growth of the digital economy have attracted investment and fostered the development of the app ecosystem in Ivory Coast. In conclusion, the In-App Advertising market in Ivory Coast is experiencing growth and development due to the increasing popularity of mobile apps, the shift towards programmatic advertising, and the rise of native advertising. The young and tech-savvy population, along with the increasing internet penetration rate, contribute to the market's growth. The stable economy and government support for the digital economy further fuel the development of the In-App Advertising market in Ivory Coast.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on in-app advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers ad spending on advertisements displayed within a mobile application.

Modeling approach:

The market size is determined through a combined top-down and bottom-up approach. We use market data from independent databases, the number of application downloads from data partners, survey results taken from our primary research (e.g., the Consumer Insights Global Survey), and third-party reports to analyze and estimate global in-app advertising spending. To analyze the markets, we start by researching digital advertising in mobile applications for each advertising format, incidents of in-app and mobile browser usage, as well as the time spent in mobile apps by categories. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, mobile users, and digital consumer spending. Lastly, we benchmark key countries and/or regions (e.g., global, the United States, China) with external sources.

Forecasts:

We apply a variety of forecasting techniques, depending on the behavior of the relevant market. For instance, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year.

Overview

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