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Global digital advertising market to reach $667 billion in 2024, report
Marketing and advertising are key components of a business's growth. With more and more internet users year after year, many brands have increased their digital marketing spend in an effort to reach more consumers.
The global metaverse market to reach $3.1 trillion by 2032, report
Metaverse provides users with immersive virtual experiences in which they are able to interact with other people and objects in real-time.
PR professionals AI usage rockets throughout 2023, report
PR professionals’ confidence is returning as usage of AI tools shoots up, according to the latest ICCO and PRCA Confidence Tracker.
e-Commerce poised to capture 41 per cent of global retail sales by 2027, BCG reports
And while consumers are returning to brick-and-mortar shops, e-Commerce is still forecast to constitute 41% of global retail sales by 2027
Public trust in AI technology declines amid release of consumer AI tools, report
Generative artificial intelligence (AI) has dominated much of the public conversation about technology following the release of tools like ChatGPT and Jasper Chat.
Global consumer spending on mobile apps to jump by 10% and hit over $260b in 2024, report
The global app industry has grown tremendously over the years as people spend more on mobile apps than ever.
In-game advertising market to reach $17.6 billion by 2030, report
In-game advertising market share growth is anticipated to benefit from rising interest in social and mobile gaming. Commercials, cutscenes, billboards, and backdrop graphics may all be used in desktop and mobile games to incorporate advertising.
New research reveals how people engage with brands using images
The first academic research study to look at how consumers use pictures and not text to engage with a brand revealed there are four behaviours people evidence through images.
Global eco-conscious consumers spend to reach $1 trillion by 2027, report
Who Cares? Who Does? identifies that the ‘Eco-actives’ segment, made up of the most eco-conscious consumers, has rebounded from its 2022 cost of living crisis-related decline.
Artificial intelligence in retail market expected to reach $57.8 billion by 2030, report
The artificial intelligence in retail market is expected to reach $57.8 billion by 2030, at a compound annual growth rate of 41 per cent from 2023 to 2030.
Amazon is consumers’ preferred ad platform for a second year in a row, report
According to Kantar Media Reactions 2023, most consumers consider ads on Amazon to be relevant and useful, with few negative qualities.
Connected TV accounts for half of global video impression share for retail advertisers, study
Among retail advertisers, connected TV (CTV) accounted for half (50%) of global video impression share in 2022, an increase of nearly 52% compared to 2019.
Global TikTok advertising revenue projected to hit $53.9 billion by 2027, report
The global TikTok advertising revenue is set to reach $ 53.95 billion by 2027. This comes shortly after TikTok announced its global advertising revenue of nearly $12 billion in 2022. This is according to Tradingplatforms.com
63 per cent of marketing leaders plan to invest in generative AI in the next 24 months, study
A Gartner survey of 405 marketing leaders conducted in May and June 2023 revealed the utilization of their organization's overall martech stack’s capability dropped to just 33% on average in 2023.
Local content demand drives South Africa TV broadcasting market, report
Furthermore, the growing demand for local content and the rise in pay TV membership are driving the TV broadcasting market in South Africa.
One in five social media users consider themselves an influencer or content creator, report
This number increases to 28% for Gen Z social media users as 11% consider themselves to be influencers and 17% content creators.
Global video processing platform market to reach $13.5 billion by 2028, report
The growth is propelled by the demand for improved online education and video streaming services. However, the integration of these platforms with existing systems presents a hurdle.
63 per cent of marketing leaders plan to invest in generative AI in the next 24 months, report
Sixty-three percent of marketing leaders are planning to invest in generative AI in the next 24 months according to a survey from Gartner, Inc.
Nestlé is the world’s most valuable food brand with a brand value of $22.4 billion, report
Nestlé's brand value has steadily increased this year due to strong sales growth across its extensive and varied brand portfolio.
Global Artificial Intelligence in social media market to reach $5.6 billion by 2028, report
This growth trajectory translates into a striking Compound Annual Growth Rate (CAGR) of 28.04% over the forecast period (2023-2028). This is according to a report by Research and Markets.
Global radio station market to reach $87.31 billion in 2023, report
The radio station market includes revenues earned by entities by offering services such as broadcasting aural programs by radio to the public.