Market Insights Advertising & Media Advertising

Social Media Advertising - Georgia

Georgia

In Georgia, ad spending in the Social Media Advertising market is projected to reach US$28.36m in 2024.
This ad spending is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 11.48%, leading to a projected market volume of US$48.83m by 2029.
In a global context, the majority of ad spending will be generated China, which is expected to reach US$84,650.00m in 2024.
Within the Social Media Advertising market, it is estimated that 70% of total ad spending in Georgia will be generated through mobile devices by 2029.
Furthermore, the number of users in the Social Media Advertising market in Georgia is expected to amount to 3,518.0k users by 2029.
In Georgia, social media advertising is increasingly becoming a vital tool for brands to engage younger consumers and enhance local market presence.

Key regions: United States, France, Japan, Europe, Germany

Market

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Currency

Analyst Opinion

The Social Media Advertising market in Georgia has been experiencing significant growth in recent years, driven by the increasing popularity and usage of social media platforms among the country's population.

Customer preferences: Georgian consumers have shown a strong preference for social media platforms as a means of communication, entertainment, and information sharing. The use of social media has become an integral part of their daily lives, with a large percentage of the population actively engaging with various platforms. This high level of user engagement presents a lucrative opportunity for businesses to reach and target their desired audience through social media advertising.

Trends in the market: One of the key trends in the Social Media Advertising market in Georgia is the shift towards mobile advertising. With the widespread adoption of smartphones and the availability of affordable mobile internet, more and more people are accessing social media platforms through their mobile devices. This trend has led to an increase in mobile advertising on social media, as businesses are keen to reach consumers on the go. Another trend in the market is the growing importance of influencer marketing. Influencers, who have a large following on social media platforms, have become powerful marketing tools for brands. Their ability to engage with their audience and create authentic content has made them highly sought after by businesses looking to promote their products or services. This trend has led to an increase in collaborations between brands and influencers in Georgia, as businesses recognize the impact that influencer marketing can have on their target audience.

Local special circumstances: One of the unique aspects of the Social Media Advertising market in Georgia is the dominance of local social media platforms. While global platforms such as Facebook and Instagram are popular in the country, there are also several local platforms that have gained a significant user base. This presents both opportunities and challenges for businesses looking to advertise on social media in Georgia. On one hand, local platforms allow for more targeted advertising and a deeper understanding of the local audience. On the other hand, businesses need to navigate the different platforms and understand their specific advertising features and capabilities.

Underlying macroeconomic factors: The growth of the Social Media Advertising market in Georgia is also influenced by underlying macroeconomic factors. The country has been experiencing steady economic growth in recent years, which has led to an increase in consumer spending power. This has created a favorable environment for businesses to invest in advertising and marketing activities, including social media advertising. Additionally, the government has been actively promoting the development of the digital economy, which has further encouraged businesses to leverage social media platforms for advertising purposes. In conclusion, the Social Media Advertising market in Georgia is developing rapidly due to the strong customer preferences for social media platforms, the increasing importance of mobile advertising, the rise of influencer marketing, the dominance of local social media platforms, and the favorable macroeconomic factors. Businesses in Georgia have a unique opportunity to leverage social media advertising to reach and engage with their target audience in an effective and efficient manner.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on social media advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers social media advertising generated by social networks or business networks such as Facebook, Tiktok, Instragram, Pinterest, and LinkedIn.

Modeling approach:

A combined top-down and bottom-up approach determines the market size. Starting with the top-down approach, we calculate global social media advertising by aggregating revenues from key players (Meta Platforms (Facebook and Instagram), ByteDance (Tiktok and Douyin), Twitter, Snapchat, and Microsoft (LinkedIn)). Followed by the bottom-up approach, we justify global, country, and region results using web traffic and the number of app downloads. Lastly, we distribute the results to each country individually with relevant indicators such as GDP, internet users, social media users, and digital consumer spending by country.

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.