Digital Out-of-Home Advertising - Americas

  • Americas
  • Ad spending in the Digital Out-of-Home Advertising market in the Americas is forecasted to reach US$5.02bn by 2024.
  • The market is expected to experience an annual growth rate (CAGR 2024-2029) of 6.88%, leading to a projected market volume of US$7.00bn by 2029.
  • In 2024, the projected market volume is estimated to be US$4,366.00m, with the majority of ad spending originating from China.
  • The average ad spending per capita in the Digital Out-of-Home Advertising market is anticipated to be US$4.94 in 2024.
  • In the Americas, the Digital Out-of-Home Advertising market is experiencing rapid growth due to increased consumer engagement with interactive and location-based content.

Key regions: India, France, United States, United Kingdom, China

 
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Analyst Opinion

The Digital Out-of-Home Advertising market in Americas is experiencing significant growth and development due to changing customer preferences, emerging trends, and local special circumstances. Customer preferences in the Americas have shifted towards more interactive and personalized advertising experiences. Consumers are increasingly seeking out engaging and dynamic content that captures their attention and resonates with their interests. This has led to a rise in the adoption of digital out-of-home advertising, as it allows for real-time updates, interactive features, and targeted messaging. Additionally, the growing popularity of mobile devices has created opportunities for integration between digital out-of-home advertising and mobile platforms, further enhancing the customer experience. Trends in the market indicate a shift towards programmatic advertising and data-driven decision making. Programmatic advertising enables advertisers to automate the buying and selling process of digital out-of-home ad space, allowing for greater efficiency and targeting capabilities. By leveraging data and analytics, advertisers can optimize their campaigns and deliver more relevant content to their target audience. This trend is driven by the increasing availability of data and advancements in technology, which enable advertisers to better understand consumer behavior and preferences. Local special circumstances in the Americas also contribute to the development of the digital out-of-home advertising market. The region is home to a diverse range of markets, each with its own unique characteristics and consumer behaviors. For example, in larger metropolitan areas, such as New York City and Los Angeles, there is a high concentration of digital out-of-home displays due to the large population and high foot traffic. In contrast, rural areas may have fewer digital out-of-home displays, but they can still be effective in reaching a specific target audience. Underlying macroeconomic factors also play a role in the growth of the digital out-of-home advertising market in the Americas. The region has experienced steady economic growth and increasing consumer spending power, which has led to higher advertising budgets. Advertisers are looking for innovative ways to reach their target audience and digital out-of-home advertising provides an effective solution. Additionally, the Americas have a strong presence of multinational corporations and global brands, which further drives the demand for digital out-of-home advertising to enhance brand visibility and reach. In conclusion, the Digital Out-of-Home Advertising market in Americas is developing rapidly due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The shift towards interactive and personalized advertising experiences, the adoption of programmatic advertising and data-driven decision making, the diverse market characteristics in the region, and the steady economic growth and increasing consumer spending power all contribute to the growth and development of the market.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on digital out-of-home advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers internet-connected out-of-home advertisements such as digital billboards, digital street furniture, digital transit and transportation, and digital place-based media.

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.

Overview

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