Newspaper Advertising - GCC

GCC

Highlights

Ad spending in the Newspaper Advertising market in GCC is forecasted to reach US$124.30m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2030) of -4.83%, leading to a projected market volume of US$92.34m by 2030.
With a projected market volume of US$5.03bn in 2024, the majority of revenue is expected to be generated the United States.
In the Newspaper Advertising market in GCC, the number of readers is forecasted to reach 0.0users by 2030.
The average ad spending per reader in the Newspaper Advertising market is projected to be US$10.77 in 2024.
Newspaper advertising in the GCC is witnessing a shift towards digital platforms, reflecting changing consumer preferences and increasing internet penetration.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Newspaper Advertising market in GCC has been experiencing significant development and growth in recent years.

Customer preferences: Customers in the GCC region still have a strong preference for traditional media channels, such as newspapers, when it comes to advertising. Despite the rise of digital media, many people in the region continue to rely on newspapers as a trusted source of information and news. This preference for newspapers as a medium for advertising is driven by factors such as high literacy rates and the cultural significance of newspapers in the region.

Trends in the market: One of the key trends in the Newspaper Advertising market in GCC is the increasing focus on targeted advertising. Advertisers are now looking for more effective ways to reach their target audience and are leveraging data and analytics to create personalized and relevant advertisements. This trend is driven by the increasing availability of customer data and the desire to maximize the return on investment in advertising campaigns. Another trend in the market is the rise of digital advertising within the newspaper industry. Newspapers in the GCC region are increasingly investing in digital platforms and online advertising to reach a wider audience and stay relevant in the digital age. This trend is driven by the growing internet penetration and the shift of consumer behavior towards digital media consumption.

Local special circumstances: The GCC region has a unique set of circumstances that contribute to the development of the Newspaper Advertising market. One such circumstance is the high disposable income of the population in the region. This allows advertisers to target a relatively affluent audience, which in turn drives demand for newspaper advertising. Another special circumstance is the strong government support for the newspaper industry in the GCC region. Governments in the region recognize the importance of newspapers as a means of communication and have implemented policies and regulations to support the industry. This support includes subsidies for newspaper production and distribution, which helps to sustain the market and encourage investment in advertising.

Underlying macroeconomic factors: The development of the Newspaper Advertising market in the GCC region is also influenced by underlying macroeconomic factors. One such factor is the steady economic growth in the region. The GCC countries have experienced strong economic growth in recent years, which has resulted in increased consumer spending and business activity. This has created opportunities for advertisers to reach a larger audience and promote their products and services. Another macroeconomic factor is the increasing urbanization in the GCC region. As more people move to cities, the demand for newspapers and advertising in these urban areas is expected to grow. This trend is driven by factors such as job opportunities, better infrastructure, and access to services. In conclusion, the Newspaper Advertising market in GCC is developing and growing due to customer preferences for traditional media channels, such as newspapers, the rise of targeted and digital advertising, local special circumstances such as high disposable income and government support, and underlying macroeconomic factors such as steady economic growth and increasing urbanization.

Data coverage:

Data encompasses enterprises (B2B). Figures are based on newspaper advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in printed newspapers.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, 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 education index.

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.