Digital Out-of-Home Advertising - Mozambique

  • Mozambique
  • Ad spending in the Digital Out-of-Home Advertising market in Mozambique is forecasted to reach US$0.42m in 2024.
  • The expected annual growth rate (CAGR 2024-2029) for ad spending is 11.69%, leading to a projected market volume of US$0.73m by 2029.
  • With a projected market volume of US$4,366.00m in 2024, the majority of ad spending will be generated China.
  • The average ad spending per capita in the Digital Out-of-Home Advertising market is projected to be US$0.01 in 2024.
  • Mozambique's Digital Out-of-Home Advertising market is rapidly evolving, with a focus on innovative technology and engaging content to captivate audiences effectively.

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

 
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Analyst Opinion

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

Customer preferences:
In Mozambique, there is a growing preference for digital out-of-home advertising. This is due to the increasing popularity of digital media and the widespread use of smartphones and other mobile devices. Consumers are becoming more tech-savvy and are actively engaging with digital content. They appreciate the interactive and dynamic nature of digital out-of-home advertising, which allows for more engaging and personalized experiences. Additionally, the younger population in Mozambique, who are more likely to be early adopters of new technology, are driving the demand for digital out-of-home advertising.

Trends in the market:
One of the key trends in the digital out-of-home advertising market in Mozambique is the adoption of programmatic advertising. Programmatic advertising allows for real-time bidding and optimization of ad placements, enabling advertisers to reach their target audience more effectively. This trend is driven by the increasing availability of data and analytics, which allows advertisers to better understand their audience and deliver more relevant and personalized advertisements. Programmatic advertising also offers greater flexibility and efficiency in campaign management, making it an attractive option for advertisers in Mozambique. Another trend in the market is the integration of digital out-of-home advertising with mobile and social media platforms. Advertisers are leveraging the power of mobile and social media to extend the reach and impact of their campaigns. By integrating digital out-of-home advertising with mobile and social media platforms, advertisers can engage with consumers across multiple touchpoints and create a seamless brand experience. This trend is driven by the high mobile penetration rate in Mozambique and the increasing use of social media platforms among the population.

Local special circumstances:
Mozambique has a rapidly growing economy, with a strong focus on infrastructure development. This presents opportunities for the digital out-of-home advertising market as new infrastructure projects, such as highways, airports, and shopping malls, provide prime locations for digital advertising displays. Additionally, the tourism industry in Mozambique is thriving, attracting both domestic and international visitors. This creates a demand for digital out-of-home advertising to target tourists and promote local businesses and attractions.

Underlying macroeconomic factors:
The growth of the digital out-of-home advertising market in Mozambique is supported by favorable macroeconomic factors. The country has a young and growing population, which provides a large consumer base for advertisers. Additionally, Mozambique has seen steady economic growth in recent years, which has led to an increase in disposable income and consumer spending. This creates a favorable environment for advertisers to invest in digital out-of-home advertising and reach a larger audience. In conclusion, the Digital Out-of-Home Advertising market in Mozambique is developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Advertisers in Mozambique are increasingly adopting digital out-of-home advertising as a way to engage with their target audience and drive business growth. With the continued growth of the economy and advancements in technology, the digital out-of-home advertising market in Mozambique is expected to further expand in the coming years.

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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