In-App Advertising - Northern Europe

  • Northern Europe
  • Ad spending in the In-App Advertising market in Northern Europe is forecasted to reach US$3,531.00m in 2024.
  • The market is expected to experience a compound annual growth rate (CAGR 2024-2029) of 8.33%, leading to a projected market volume of US$5,267.00m by 2029.
  • The average ad spending per mobile internet user in the In-App Advertising market is projected to be US$108.40 in 2024.
  • When compared globally, China is anticipated to generate the highest ad spending amounting to US$132.80bn in 2024.
  • In Northern Europe, Finland leads in innovative In-App Advertising strategies, leveraging advanced technology and user-centric approaches for optimal campaign performance.

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

 
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Analyst Opinion

The In-App Advertising market in Northern Europe has been experiencing significant growth in recent years, driven by changing customer preferences and the increasing popularity of mobile devices. Customer preferences in Northern Europe have shifted towards mobile devices, with a large proportion of the population owning smartphones and tablets. This has led to an increase in the amount of time spent on mobile apps, creating a lucrative opportunity for advertisers to reach their target audience through in-app advertising. Furthermore, consumers in Northern Europe are increasingly using ad-blocking software on their desktop computers, making in-app advertising a more effective and efficient way to reach them. Trends in the market show that advertisers are investing more in in-app advertising in Northern Europe. This is driven by the fact that mobile apps offer a highly targeted and personalized advertising experience, allowing advertisers to reach their audience with relevant and engaging content. In addition, the use of programmatic advertising technology has made it easier for advertisers to buy and optimize in-app ad inventory, further fueling the growth of the market. Local special circumstances in Northern Europe also contribute to the development of the In-App Advertising market. The region has a highly developed digital infrastructure, with widespread access to high-speed internet and advanced mobile networks. This enables seamless delivery of in-app ads and ensures a smooth user experience. Furthermore, Northern Europe has a high level of digital literacy and a tech-savvy population, making it easier for advertisers to engage with their target audience through mobile apps. Underlying macroeconomic factors also play a role in the growth of the In-App Advertising market in Northern Europe. The region has a strong and stable economy, with high levels of disposable income and consumer spending. This creates a favorable environment for advertisers, as consumers are more likely to engage with and respond to in-app ads. Additionally, Northern Europe has a highly competitive business environment, with many innovative startups and established companies operating in the digital advertising space. This drives continuous innovation and improvement in in-app advertising technologies and strategies. In conclusion, the In-App Advertising market in Northern Europe is developing rapidly due to changing customer preferences, increasing investment from advertisers, local special circumstances, and underlying macroeconomic factors. The widespread use of mobile devices, the effectiveness of in-app advertising, the region's digital infrastructure, and the strong economy all contribute to the growth of the market. As the popularity of mobile apps continues to rise and technology evolves, the In-App Advertising market in Northern Europe is expected to continue its upward trajectory.

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
  • Key Players
  • Analyst Opinion
  • Downloads
  • Global Comparison
  • Methodology
  • Key Market Indicators
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