Digital Video Advertising - Mozambique

  • Mozambique
  • Ad spending in the Digital Video Advertising market in Mozambique is forecasted to reach US$6.25m in 2024.
  • The ad spending is anticipated to exhibit an annual growth rate (CAGR 2024-2029) of 6.29%, leading to a projected market volume of US$8.48m by 2029.
  • With a projected market volume of US$85,390.00m in 2024, most revenue will originate from the United States.
  • Within the Digital Video Advertising market, 61% of total ad spending is expected to come from mobile in 2029.
  • The average ad spending per internet user in the Digital Video Advertising market is estimated to be US$0.82 in 2024.
  • Connected TV ad spending in the Digital Video Advertising market is projected to reach US$117.40k in 2024.
  • Connected TV is forecasted to demonstrate an annual growth rate (CAGR 2024-2029) of 3.75%, resulting in a projected market volume of US$141.10k by 2029.
  • Ad spending on short-form videos in the Digital Video Advertising market is expected to reach US$3.22m in 2024.
  • The ad spending on short-form videos is projected to show an annual growth rate (CAGR 2024-2029) of 10.06%, resulting in a projected market volume of US$5.20m by 2029.
  • Mozambique's digital video advertising market is rapidly expanding, driven by increased internet penetration and growing demand for online video content.

Key regions: Australia, Europe, India, China, Asia

 
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Analyst Opinion

The Digital Video Advertising market in Mozambique is experiencing significant growth and development.

Customer preferences:
Customers in Mozambique are increasingly turning to digital video advertising as a means to reach their target audience. This is due to the growing popularity and accessibility of digital platforms, such as social media and streaming services. Customers are attracted to the ability to target specific demographics and measure the effectiveness of their advertising campaigns. Additionally, the rise of mobile device usage in Mozambique has further fueled the demand for digital video advertising, as consumers are spending more time watching videos on their smartphones and tablets.

Trends in the market:
One of the key trends in the digital video advertising market in Mozambique is the shift from traditional television advertising to online video platforms. As more consumers in Mozambique have access to the internet and digital devices, they are spending less time watching traditional television and more time consuming video content online. This has led advertisers to redirect their advertising budgets towards digital video platforms, in order to reach their target audience effectively. Another trend in the market is the increasing use of programmatic advertising. Programmatic advertising allows advertisers to automate the buying and selling of digital video ad inventory, using data and algorithms to target specific audiences in real-time. This trend is driven by the need for more efficient and effective advertising campaigns, as advertisers seek to maximize their return on investment.

Local special circumstances:
Mozambique is a country with a young and growing population, which presents a unique opportunity for digital video advertising. The youth in Mozambique are early adopters of new technology and are increasingly consuming digital content, including video. This demographic presents a lucrative target audience for advertisers, who can leverage digital video advertising to engage with this tech-savvy and connected generation. Furthermore, Mozambique has a rapidly expanding middle class, which is driving increased consumer spending. This presents an attractive market for advertisers, as consumers have more disposable income to spend on products and services. Digital video advertising allows advertisers to effectively target this growing middle class and influence their purchasing decisions.

Underlying macroeconomic factors:
The development of the digital video advertising market in Mozambique is also influenced by several underlying macroeconomic factors. The country has seen steady economic growth in recent years, which has contributed to an increase in consumer spending and investment in advertising. Additionally, the government of Mozambique has been investing in infrastructure development, including expanding internet access and improving telecommunications networks. This has facilitated the growth of the digital video advertising market by providing the necessary infrastructure for consumers to access digital content and for advertisers to reach their target audience effectively. In conclusion, the Digital Video Advertising market in Mozambique is experiencing significant growth and development due to changing customer preferences, such as the shift towards digital platforms and the rise of mobile device usage. The market is also influenced by trends such as the shift from traditional television advertising to online video platforms and the increasing use of programmatic advertising. Local special circumstances, such as the young and growing population and the expanding middle class, further contribute to the growth of the market. Underlying macroeconomic factors, including steady economic growth and investment in infrastructure, also play a role in the development of the market.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on digital video advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers video ad formats (web-based, app-based, social media, and connected devices).

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use market data from industry reports and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. Then we benchmark key countries or regions (United States, China, Europe, Asia, and Africa) results with country-specific advertising organizations or associations. 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, internet users, 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.

Overview

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