Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
The Out-of-Home Advertising market in Benelux is experiencing steady growth, driven by changing customer preferences and the increasing popularity of digital advertising platforms.
Customer preferences: Customers in Benelux are increasingly seeking out-of-home advertising options that are engaging, interactive, and relevant to their interests. Traditional billboards and posters are being replaced by digital screens and interactive displays that can provide real-time information and personalized messages. This shift in customer preferences is driving the growth of digital out-of-home advertising in the region.
Trends in the market: One of the key trends in the Out-of-Home Advertising market in Benelux is the adoption of programmatic advertising. Programmatic advertising allows advertisers to target specific audiences and deliver personalized messages in real-time. This trend is particularly evident in the digital out-of-home advertising sector, where advertisers can leverage data and analytics to optimize their campaigns and maximize their impact. Another trend in the market is the integration of mobile technology with out-of-home advertising. Many out-of-home advertising campaigns now include QR codes, NFC tags, or other interactive elements that allow customers to engage with the brand through their mobile devices. This integration of mobile technology not only enhances the customer experience but also provides advertisers with valuable data and insights.
Local special circumstances: One of the special circumstances in the Benelux market is the high population density in urban areas. This presents both opportunities and challenges for out-of-home advertisers. On one hand, the high population density ensures that out-of-home advertisements reach a large number of people. On the other hand, it also means that space for billboards and other traditional advertising formats is limited. As a result, advertisers are increasingly turning to digital out-of-home advertising, which allows for more targeted and flexible campaigns.
Underlying macroeconomic factors: The growth of the Out-of-Home Advertising market in Benelux is also influenced by underlying macroeconomic factors. The region has a stable and prosperous economy, which provides a favorable environment for advertising investments. Additionally, the high level of urbanization in Benelux means that there is a constant flow of people in public spaces, creating ample opportunities for out-of-home advertising. In conclusion, the Out-of-Home Advertising market in Benelux is driven by changing customer preferences, the adoption of digital technologies, and favorable macroeconomic conditions. The shift towards digital out-of-home advertising, the integration of mobile technology, and the high population density in urban areas are all contributing to the growth of the market.
Most recent update: Oct 2024
Source: Statista Market Insights
Data coverage:
Data encompasses enterprises (B2B). Figures are based on out-of-home (OOH) advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers traditional out-of-home advertising (offline out-of-home advertisements) and digital out-of-home advertising (internet-connected out-of-home advertisements).Modeling approach:
Market size is determined by a combined top-down and bottom-up approach. We use annual financial reports of the market-leading companies and industry associations, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. 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, population, urban population, and internet infrastructure.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market. For instance, 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.Additional notes:
Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights