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Social Video Advertising Market Poised for Robust Growth | Key Players and Driving Factors


The market for social video advertising is expected to grow at a compound annual growth rate (CAGR) of 30.4%, from $14.1 billion in 2022 to $198.6 billion by 2032, according to the FMI report. According to FMI’s most recent market report, demand for social video advertising will rise in tandem with consumers’ growing worries about brands and goods.

Over the course of the projected period, it is also expected that the increased usage of smartphones, smart TVs, and other video advertising devices in both urban and rural regions of the world would propel the growth of the worldwide social video advertising market.

Taking advantage of the expanding use of OTT platforms around the world, advertisers are continually boosting their social media advertising spending and social video advertising.

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As a result, the social video advertising market outlook is predicted to grow between 2022 and 2032. To keep up with the current market trends, Google, for example, is experimenting with virtual reality advertising.

The adoption of social video advertising is increasing as it helps businesses enhance brand exposure, sales, and profits. Furthermore, social video advertising aids in the achievement of business objectives. Advertisers are battling for attention by focusing their efforts on digital giants such as Facebook and Google.

The majority of social media advertising market revenue is expected to be spent on mobile advertising, fueling the rise of the social video advertising market share, due to the increasing usage of smartphones to access social media apps such as Facebook and YouTube. The introduction of new social video advertising market trends like vertical filmmaking and 360° digital videos has given the market a lot of room to grow.

KEY TAKEAWAYS:

The Asia Pacific market is predicted to grow rapidly during the forecast period.
With a CAGR of 33.4 percent, China is the most profitable market for social video advertising.
Furthermore, the market for social video advertising in India is expected to develop at a CAGR of 30.8 percent over the forecast period.
As a result, these factors are expected to drive indirect development in the Asia Pacific market during the forecast period.
From 2022 to 2032, the global social video advertising market is predicted to grow at a 26.9% compound annual growth rate (CAGR) in the United States.
The retail and consumer packaged goods (CPG) segment hold the highest proportion of 35%.
Brands/companies are gaining traction and dominating the social video advertising industry by end user. The brands/companies are predicted to grow at a breathtaking 14.2 percent CAGR over the forecast period of 2022-2032.
Due to advertising organizations’ increased usage of social media platforms to reach targeted clients, as well as the high use of smartphones rather than PCs for social media platforms, social ad services are likely to dominate the  market.

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COMPETITIVE LANDSCAPE :

Some of the social video advertising market players profiled in the FMI’s study are Advertise.com

Conversant LLC, Longtail Ad Solutions, Inc., PubMatic, Inc., SpotX, Inc., Tremor International Ltd., Vdopia, Inc. DBA Chocolate, Verizon Media, Viant Technology LLC, and ZypMedia.

Segmentations :

By Solution:

Ad Platform
Social Ad Services
Advertising Consulting
Implementation & Integration
Support and Maintenance

By End User:

Ad Agencies
Brands/Companies
Publishers

By Vertical:

Retail & CPG
Healthcare
Banking, Financial Service & Insurance
Real Estate
Travel & Hospitality
Others

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America


Target State: All States
Target City : All Cities
Last Update : May 23, 2024 10:48 AM
Number of Views: 42
Item  Owner  : Sudip Saha is the managing director and co-founder at Future Market Insights
Contact Email: (None)
Contact Phone: (None)

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2024-05-26 (0.732 sec)