According to a survey conducted among companies in Hong Kong in 2022, the ad spend on digital video (including CTV) would continue to be the highest among all channels in 2023, occupying 22.4 percent of total ad spend. Paid Search (SEM) and social media would follow with a share of about 16 percent each.
Estimated distribution of annual ad spend in Hong Kong in 2022 and 2023, by channel
Original questions:
1. Please identify the estimated percent share of your 2022 media budget by channel.
2. Provide your best estimate for the following: budget percent +/- for projected 2023 total media ad spend vs. actual 2022 total media ad spend.
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IAB Hong Kong. (November 16, 2022). Estimated distribution of annual ad spend in Hong Kong in 2022 and 2023, by channel [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1378762/hong-kong-ad-spend-breakdown-by-channel/
IAB Hong Kong. "Estimated distribution of annual ad spend in Hong Kong in 2022 and 2023, by channel." Chart. November 16, 2022. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1378762/hong-kong-ad-spend-breakdown-by-channel/
IAB Hong Kong. (2022). Estimated distribution of annual ad spend in Hong Kong in 2022 and 2023, by channel. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1378762/hong-kong-ad-spend-breakdown-by-channel/
IAB Hong Kong. "Estimated Distribution of Annual Ad Spend in Hong Kong in 2022 and 2023, by Channel." Statista, Statista Inc., 16 Nov 2022, https://www.statista.com/statistics/1378762/hong-kong-ad-spend-breakdown-by-channel/
IAB Hong Kong, Estimated distribution of annual ad spend in Hong Kong in 2022 and 2023, by channel Statista, https://www.statista.com/statistics/1378762/hong-kong-ad-spend-breakdown-by-channel/ (last visited November 05, 2024)
Estimated distribution of annual ad spend in Hong Kong in 2022 and 2023, by channel [Graph], IAB Hong Kong, November 16, 2022. [Online]. Available: https://www.statista.com/statistics/1378762/hong-kong-ad-spend-breakdown-by-channel/