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The Digital Video Advertising market in South Korea has been experiencing significant growth in recent years.
Customer preferences: South Korean consumers have shown a strong preference for digital video advertising due to its convenience and accessibility. With the widespread adoption of smartphones and high-speed internet, consumers are increasingly watching videos online, making digital video advertising an effective way for brands to reach their target audience. Additionally, South Korean consumers are known for their tech-savviness and willingness to embrace new technologies, further driving the demand for digital video advertising.
Trends in the market: One of the key trends in the South Korean Digital Video Advertising market is the shift towards mobile advertising. As more consumers use their smartphones to access online content, advertisers are focusing their efforts on mobile platforms to effectively reach their target audience. This trend is supported by the increasing availability of mobile video ad formats and the development of innovative ad targeting technologies. Another trend in the market is the rise of programmatic advertising. Programmatic advertising allows advertisers to automate the buying and selling of ad inventory, making the process more efficient and cost-effective. This trend is driven by the growing demand for personalized and targeted advertising, as well as the increasing availability of data-driven insights and analytics.
Local special circumstances: South Korea has a highly developed digital infrastructure, with one of the highest internet penetration rates in the world. This provides a favorable environment for the growth of digital video advertising, as it enables seamless streaming and viewing of video content. Additionally, South Korea has a vibrant entertainment industry, with a strong emphasis on video content. This creates a fertile ground for advertisers to leverage popular Korean TV shows, movies, and music videos to engage with consumers.
Underlying macroeconomic factors: The South Korean economy has been experiencing steady growth, which has contributed to the growth of the Digital Video Advertising market. As the economy expands, businesses are allocating more budget towards advertising and marketing, including digital video advertising. Furthermore, the increasing disposable income of South Korean consumers has led to a higher demand for products and services, prompting advertisers to invest in digital video advertising to capture this growing market. In conclusion, the Digital Video Advertising market in South Korea is thriving due to customer preferences for convenience and accessibility, the shift towards mobile advertising, the rise of programmatic advertising, the country's advanced digital infrastructure, and the underlying macroeconomic factors. As these trends continue to evolve, the market is expected to further expand, providing opportunities for both advertisers and brands to effectively engage with South Korean consumers.
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)