Digital Out-of-Home Advertising - Jamaica

  • Jamaica
  • Ad spending in the Digital Out-of-Home Advertising market in Jamaica is forecasted to reach US$0.87m in 2024.
  • The market is expected to experience an annual growth rate (CAGR 2024-2029) of 6.10%, leading to a projected market volume of US$1.17m by 2029.
  • In 2024, with a projected market volume of US$4,366.00m, China will dominate most of the ad spending.
  • The average ad spending per capita in the Digital Out-of-Home Advertising market in Jamaica is estimated to be US$0.31 in 2024.
  • Jamaica's Digital Out-of-Home Advertising market is rapidly growing, leveraging the island's vibrant culture and tourism appeal for targeted campaigns.

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

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Digital Out-of-Home Advertising market in Jamaica is experiencing significant growth and development.

Customer preferences:
Jamaican customers are increasingly drawn to digital out-of-home advertising due to its dynamic and eye-catching nature. With the rise of smartphones and social media, people are becoming more accustomed to interactive and visually appealing content. Digital out-of-home advertising allows brands to engage with their target audience in a unique and memorable way, capturing their attention and driving brand awareness. Additionally, the ability to display real-time information and updates on digital billboards is highly valued by customers, as it provides them with relevant and up-to-date information.

Trends in the market:
One of the key trends in the digital out-of-home advertising market in Jamaica is the increasing adoption of digital billboards. Traditional static billboards are being replaced by dynamic and interactive digital displays, which offer greater flexibility and creativity in advertising campaigns. Digital billboards allow advertisers to change their messaging more frequently, target specific audiences at different times of the day, and even integrate real-time data such as weather or traffic information. This trend is driven by the declining costs of digital display technology and the growing demand for more engaging and impactful advertising. Another trend in the market is the integration of mobile and digital out-of-home advertising. Advertisers are leveraging the ubiquity of smartphones to enhance their out-of-home campaigns. By incorporating mobile technologies such as QR codes or NFC (Near Field Communication), advertisers can bridge the gap between the physical and digital worlds, allowing consumers to interact with digital billboards using their smartphones. This trend is driven by the increasing use of smartphones in Jamaica and the desire for consumers to have a seamless and integrated experience across different media channels.

Local special circumstances:
Jamaica's vibrant tourism industry is a significant driver of the digital out-of-home advertising market. With millions of tourists visiting the country each year, advertisers have a unique opportunity to reach a diverse and international audience. Digital billboards strategically placed in popular tourist areas, such as Montego Bay or Ocho Rios, can effectively promote local attractions, hotels, and restaurants. This special circumstance creates a high demand for digital out-of-home advertising in Jamaica, as advertisers seek to capitalize on the influx of tourists and maximize their exposure.

Underlying macroeconomic factors:
The growing economy and increasing disposable income in Jamaica are contributing to the development of the digital out-of-home advertising market. As the country's GDP continues to rise, consumers have more purchasing power, leading to increased spending on goods and services. Advertisers recognize this opportunity and are investing in digital out-of-home advertising to capture the attention of the expanding consumer base. Additionally, the government's efforts to attract foreign investment and promote tourism are creating a favorable business environment, further fueling the growth of the digital out-of-home advertising market in Jamaica.

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
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)