Social Media Advertising - Jordan

  • Jordan
  • In Jordan, ad spending in the Social Media Advertising market is projected to reach US$57.40m in 2024.
  • This ad spending is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 11.72%, resulting in a projected market volume of US$99.88m by 2029.
  • In a global context, the majority of ad spending will be generated China, with a forecast of US$84,650.00m in 2024.
  • Within the Social Media Advertising market in Jordan, it is expected that 70% of total ad spending will be generated through mobile by 2029.
  • Additionally, the number of users in the Social Media Advertising market in Jordan is anticipated to amount to 11,280.0k users by 2029.
  • In Jordan, social media advertising is increasingly becoming a vital tool for brands to engage with the youth demographic and enhance their digital presence.

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

 
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Analyst Opinion

The Social Media Advertising market in Jordan has been experiencing significant growth in recent years, driven by changing customer preferences and the increasing importance of social media platforms in people's lives.

Customer preferences:
Customers in Jordan have shown a strong preference for social media advertising due to its wide reach and effectiveness in targeting specific audiences. With a high percentage of the population actively using social media platforms, businesses have recognized the potential of advertising on these platforms to reach their target customers. Moreover, customers in Jordan are becoming increasingly tech-savvy and are spending more time on social media platforms, making them more receptive to social media advertising.

Trends in the market:
One of the key trends in the Social Media Advertising market in Jordan is the shift towards video advertising. With the increasing popularity of video content on social media platforms, businesses are leveraging this trend by creating engaging and visually appealing video ads to capture the attention of their target audience. This trend is driven by the fact that videos are more likely to be shared and go viral, resulting in increased brand exposure and reach. Another trend in the market is the growing importance of influencer marketing. Influencers, who have a large following on social media platforms, are being utilized by businesses to promote their products or services. This form of advertising is effective in reaching a specific target audience and building trust and credibility with customers. As a result, businesses in Jordan are increasingly collaborating with influencers to promote their brands and increase their online visibility.

Local special circumstances:
One of the unique aspects of the Social Media Advertising market in Jordan is the dominance of Arabic content. While English is widely spoken and understood in Jordan, the majority of social media users prefer consuming content in Arabic. This presents a challenge for businesses that target both Arabic and English-speaking audiences, as they need to create separate advertising campaigns to effectively reach their target customers.

Underlying macroeconomic factors:
The growth of the Social Media Advertising market in Jordan can be attributed to several underlying macroeconomic factors. Firstly, the increasing internet penetration and smartphone adoption rates in the country have provided a conducive environment for the growth of social media advertising. As more people gain access to the internet and smartphones, the potential audience for social media advertising expands. Secondly, the relatively young population in Jordan is a key driver of the Social Media Advertising market. Younger people are more active on social media platforms and are more likely to engage with social media advertising. This demographic trend has created a favorable market for businesses looking to target the younger population segment. In conclusion, the Social Media Advertising market in Jordan is experiencing significant growth due to changing customer preferences, such as the preference for video advertising and the growing importance of influencer marketing. The dominance of Arabic content and the underlying macroeconomic factors, such as increasing internet penetration and a young population, further contribute to the development of the market.

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.

Overview

  • Ad Spending
  • Key Players
  • Analyst Opinion
  • Reach
  • Global Comparison
  • Methodology
  • Key Market Indicators
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