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
Most recent update: Mar 2024
Sources: Statista Market Insights, Statista Consumer Insights Global
The TV & Video Advertising market in Egypt is experiencing significant growth and development, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Egypt are shifting towards digital platforms and online video content. With the increasing availability and affordability of smartphones and internet access, more Egyptians are consuming video content online. This has led to a rise in demand for digital advertising, as advertisers recognize the potential of reaching a larger audience through online platforms. Additionally, customers are becoming more selective in their viewing habits, opting for personalized content and ad experiences. As a result, advertisers are focusing on creating targeted and engaging advertisements to capture the attention of their audience. Trends in the TV & Video Advertising market in Egypt are also contributing to its development. Programmatic advertising, which uses algorithms to automate the buying and selling of ad inventory, is gaining traction in Egypt. This trend allows advertisers to reach their target audience more effectively and efficiently, optimizing their ad spend. Furthermore, the rise of video streaming platforms and video-on-demand services has opened up new opportunities for advertising. Advertisers are leveraging these platforms to reach a wider audience and engage with viewers through interactive and immersive ad formats. Local special circumstances in Egypt are also influencing the TV & Video Advertising market. The country has a large and growing population, with a significant portion being young and tech-savvy. This demographic is highly engaged with digital platforms and consumes a considerable amount of video content online. Additionally, the Egyptian government has been actively promoting the development of the digital economy, including the advertising sector. This support has created a favorable environment for advertisers and encouraged investment in the market. Underlying macroeconomic factors are also driving the growth of the TV & Video Advertising market in Egypt. The country's economy has been steadily growing, leading to increased consumer spending power. This has resulted in higher demand for products and services, prompting advertisers to invest more in advertising to capture the attention of consumers. Furthermore, Egypt has a vibrant media industry, with a wide range of TV channels and production companies. This diversity in the media landscape provides advertisers with various platforms and opportunities to reach their target audience. In conclusion, the TV & Video Advertising market in Egypt is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Advertisers are adapting to the shift towards digital platforms and online video content, leveraging programmatic advertising and video streaming platforms. The young and tech-savvy population, government support, and a growing economy are further driving the market's expansion.
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