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
Over the past few years, the TV & Video Advertising market in the MENA region has been experiencing significant growth and development.
Customer preferences: Consumers in the MENA region have shown a growing preference for video content consumption on various digital platforms. This shift in consumer behavior towards online streaming services and social media platforms has led advertisers to invest more in digital video advertising to reach their target audience effectively.
Trends in the market: In Saudi Arabia, the TV & Video Advertising market is witnessing a trend towards personalized and interactive video content. Advertisers are increasingly focusing on creating tailored advertisements to engage with the tech-savvy and young population in the country. Moreover, the rise of mobile video consumption is driving advertisers to optimize their ad campaigns for mobile devices to ensure maximum reach and impact.
Local special circumstances: In the UAE, the TV & Video Advertising market is influenced by the country's position as a regional business hub. Advertisers in the UAE are leveraging the advanced infrastructure and technology in the country to create high-quality video content for both traditional TV and digital platforms. Additionally, the multicultural population in the UAE presents a unique opportunity for advertisers to create diverse and targeted video advertising campaigns.
Underlying macroeconomic factors: The economic diversification efforts in countries like Qatar and Kuwait are playing a crucial role in the growth of the TV & Video Advertising market. As these countries invest in non-oil sectors such as media and entertainment, advertisers are presented with a growing market for promoting their products and services through TV and video advertising. Additionally, the increasing internet penetration and smartphone adoption rates across the MENA region are creating new opportunities for advertisers to connect with consumers through digital video advertising.
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