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The Digital Video Advertising market in NAFTA has been experiencing significant growth in recent years. Customer preferences for online video content and the increasing popularity of streaming platforms have contributed to this trend. Additionally, the rise of mobile devices and improved internet connectivity have made video advertising more accessible to consumers. Customer preferences in the Digital Video Advertising market in NAFTA have shifted towards online video content. With the proliferation of streaming platforms such as Netflix and Hulu, consumers are increasingly turning to digital platforms for their entertainment needs. This has created a demand for digital video advertising, as advertisers seek to reach these engaged audiences. Furthermore, consumers are spending more time on their mobile devices, providing an opportunity for advertisers to target them with video ads. Trends in the Digital Video Advertising market in NAFTA include the rise of programmatic advertising. Programmatic advertising uses algorithms to automate the buying and selling of ad space, allowing for more targeted and efficient ad placements. This trend has gained traction in the market as advertisers look for ways to optimize their ad spend and reach the right audience. Additionally, there has been a shift towards shorter video ads, as consumers have shorter attention spans and prefer more concise content. Local special circumstances in the Digital Video Advertising market in NAFTA include the diverse cultural and linguistic landscape of the region. Advertisers need to tailor their video ads to different languages and cultural preferences to effectively reach their target audience. This requires a deep understanding of the local market and the ability to create relevant and engaging content. Furthermore, the regulatory environment for digital video advertising varies across the NAFTA countries, with different rules and guidelines governing the industry. Underlying macroeconomic factors driving the growth of the Digital Video Advertising market in NAFTA include the strong economic performance of the region. The NAFTA countries have a large and affluent consumer base, which provides a lucrative market for advertisers. Additionally, the high internet penetration rates in the region have created a favorable environment for digital video advertising. The increasing availability of high-speed internet and the widespread adoption of mobile devices have made it easier for consumers to access online video content, driving the demand for video ads. In conclusion, the Digital Video Advertising market in NAFTA is experiencing growth due to customer preferences for online video content, the rise of programmatic advertising, and the favorable macroeconomic factors in the region. Advertisers need to adapt to the local special circumstances and create tailored video ads to effectively reach their target audience.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)