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
The TV & Video Advertising market in Benelux has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances. Customer preferences in the Benelux region have shifted towards consuming video content through digital platforms, such as streaming services and online video platforms. This preference can be attributed to the convenience and flexibility offered by digital platforms, allowing viewers to access content anytime and anywhere. As a result, advertisers have recognized the need to adapt their strategies and allocate more of their budgets towards digital video advertising to reach their target audience effectively. Trends in the market indicate a steady increase in programmatic advertising, where automated technologies are used to buy and sell advertising space. Programmatic advertising offers advertisers the ability to target specific audiences and optimize their campaigns in real-time, resulting in higher efficiency and effectiveness. This trend is particularly prevalent in the Benelux region, as advertisers seek to maximize the return on their investments in TV and video advertising. Another trend in the market is the rise of connected TV (CTV) advertising. With the increasing adoption of smart TVs and streaming devices, viewers are consuming video content through CTV platforms, which provide a more personalized and interactive viewing experience. Advertisers are leveraging this trend by incorporating interactive and targeted advertisements into CTV content, allowing them to engage with viewers in a more meaningful way. Local special circumstances in the Benelux region also contribute to the development of the TV & Video Advertising market. The region has a high level of internet penetration and smartphone usage, providing a fertile ground for digital advertising. Additionally, the Benelux countries have a strong tradition of creativity and innovation in the media industry, attracting both local and international advertisers to invest in TV and video advertising campaigns. Underlying macroeconomic factors further support the growth of the TV & Video Advertising market in the Benelux region. The stable economic conditions and high levels of disposable income in the region create a favorable environment for advertisers to invest in advertising campaigns. Furthermore, the Benelux countries have a highly developed infrastructure and advanced technology, enabling seamless delivery of TV and video advertisements to a wide audience. In conclusion, the TV & Video Advertising market in Benelux is developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Advertisers are adapting their strategies to cater to the growing demand for digital video advertising, leveraging programmatic advertising and CTV platforms. The region's strong media industry, stable economy, and advanced technology infrastructure contribute to the overall growth and success of the market.
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Data coverage:
Data encompasses enterprises (B2B). Figures are based on TV and video advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers traditional TV advertising (non-digital formats such as terrestrial TV, cable TV, satellite TV, and linear TV) and digital video advertising (video ad formats: web-based, app-based, on social media, and connected devices).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, web traffic, 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, media consumption, internet users, consumer spending, and digital consumer spending.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