The report was based on WARC global forecasts for out-of-home and cinema media—dubbed "IRL advertising" by the researchers—as well as an analysis of global consumer behavior based on The Economist’s Normalcy Index, which tracks public activity across transportation, recreation, retail, and work relative to pre-pandemic levels.
The researchers forecast that IRL global ad spend will reach $44.4 billion in 2022, below the $45.1 billion spent in 2019, but still ahead of the pace that consumers are returning to pre-pandemic in-person activities.
The recovery is forecast to continue into 2023, when the global IRL ad market is expected to reach a new high of $47.1 billion.
Global spend on out-of-home (OOH) advertising is forecast to jump by 16.5% year-over-year in 1Q22.
Annual global ad spend on cinema advertising is forecast to reach $3.4 billion in 2022, well short of the $3.8 billion marketers spent in 2019.
About the research: The report was based on WARC global forecasts for out-of-home and cinema media as well as an analysis of global consumer behavior.
Continue reading "Global Spend Trends for Out-of-Home and Cinema Advertising" ... Read the full article
MarketingProfs provides thousands of marketing resources, entirely free!
Simply subscribe to our newsletter and get instant access to how-to articles, guides, webinars and more for nada, nothing, zip, zilch, on the house...delivered right to your inbox! MarketingProfs is the largest marketing community in the world, and we are here to help you be a better marketer.
Sign in with your preferred account, below.
You may like these other MarketingProfs articles related to Advertising & Promotions:
- How to Use Interactive Ad Campaigns to Generate Leads
- Five Ways Digital Attribution Can Improve ROAS for CTV/OTT Advertising
- Seven Results-Driven Paid Strategies for B2B Marketing
- Six Out-of-Home Advertising Tactics to Reach B2B Audiences
- Navigating Brand Response Advertising in 2022
- Top 5 Advertising Trends to Watch Right Now