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: Mar 2024
Source: Statista Company Insights
The Digital Out-of-Home Advertising market in United Arab Emirates is experiencing significant growth due to changing customer preferences and local special circumstances. Customer preferences in the United Arab Emirates are driving the growth of the Digital Out-of-Home Advertising market. With a young and tech-savvy population, consumers in the UAE are increasingly reliant on digital devices for information and entertainment. This has led to a shift in advertising preferences, with consumers showing a greater interest in interactive and engaging advertisements. Digital Out-of-Home Advertising provides a unique opportunity for advertisers to capture the attention of consumers and deliver their message in a visually appealing and interactive way. Trends in the market reflect the growing demand for Digital Out-of-Home Advertising in the United Arab Emirates. Advertisers are increasingly investing in digital billboards, digital signage, and interactive displays to reach their target audience. These digital advertising platforms offer greater flexibility and creativity compared to traditional static billboards, allowing advertisers to deliver dynamic and personalized content. Additionally, advancements in technology have made it easier for advertisers to track the effectiveness of their campaigns and make real-time adjustments to optimize results. The United Arab Emirates has unique local special circumstances that contribute to the growth of the Digital Out-of-Home Advertising market. As a global business hub and tourist destination, the UAE attracts a large number of international brands and advertisers. These companies recognize the opportunity to reach a diverse and affluent audience in the UAE and are investing in Digital Out-of-Home Advertising to maximize their brand exposure. Furthermore, the UAE government has been supportive of the digital advertising industry, implementing policies and initiatives to encourage its growth. This includes the development of smart cities and digital infrastructure, which provide the necessary infrastructure for Digital Out-of-Home Advertising. Underlying macroeconomic factors also play a role in the development of the Digital Out-of-Home Advertising market in the United Arab Emirates. The UAE has a strong and stable economy, driven by sectors such as oil and gas, tourism, and finance. This economic stability provides a favorable environment for businesses to invest in advertising and marketing activities. Additionally, the UAE has a high level of urbanization and a large population of expatriates, which creates a captive audience for Digital Out-of-Home Advertising. In conclusion, the Digital Out-of-Home Advertising market in the United Arab Emirates is experiencing growth due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. Advertisers are increasingly investing in digital advertising platforms to reach their target audience in a visually appealing and interactive way. With the support of the UAE government and a strong and stable economy, the Digital Out-of-Home Advertising market is expected to continue growing in the coming years.
Most recent update: Oct 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights