Interactive to grow to 21% of all US ad spend by 2014
July 10, 2009
Forrester Research is backing the US interactive ad market to reach $55 billion over the next five yearsâ€”meaning marketers will go from spending just 12 per cent of their total ad budgets online this year, to 21 per cent by 2014.
Search and display will command the biggest percentage of spend overallâ€”with $31.5 billion and $16.9 billion in spending, respectivelyâ€”but most of the growth will come from social media and mobile advertising.
Advertisers will spend just $716 million on social media marketing (including ads on social networks, not to mention devoting resources to their own blogs) this year, but that will grow by 34 per cent to top $3.1 billion in 2014.. Meanwhile, mobile ad spending will grow by 27 percentâ€”from $391 million this year, to $1.2 billion in five years.