In-App Advertising Market Demand, Future Trend And Recent Development By Forecast 2027
Summary:
A new study title “In-App
Advertising market size, status and forecast 2027” has been featured on
market research future.
Market Overview:
Market
Research Future (MRFR) projects that the global in-app advertising market size
can expand at a stunning rate of 28.2% during the forecast period (2019-2024).
In-app Advertising Market
has proved to be a highly
effective form of advertising, especially when compared to other types of
advertising like out of home advertising and T.V, among others. In-app
advertising notes high demand since it is two-way communication between the
advertisers and the consumers. In-app advertising forms a substantial part of
the global advertising revenue. The in-app advertising market is growing on
account of the rising use of smartphones along with the subsequently surging
use of different smartphone applications like Facebook, WhatsApp, to name a
few.
The surge in digital marketing, as well as smartphones
penetration all over the world, has given birth to a host of lucrative
opportunities for in-app advertising. At present, most of the people across the
globe are spending a monumental amount of time on their smartphones or other
gadgets such as iPad, constantly making use of numerous smartphone applications
for ticketing, gaming and messaging among others. In-app advertising is usually
merged with these applications on which the consumers spend most of their time.
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Significant Players:
Significant
players impacting the worldwide in-app advertising market include Tapjoy, Inc.
(US), Apple Inc. (US), Amobee Inc. (US), MoPub Inc(US), Microsoft Corporation
(US), InMobi (US), Facebook Inc.(US), Verizon Communications Inc. (US), The
Rubicon Project, Inc. (US), Google LLC (US), and others.
Market Segmentation:
Platform, ad-format, and application are the top segments in
the worldwide market for in-app advertising.
The
segments according to platform are iOS, Android, and others. The android segment
led the market with a share of 56.8% in 2018 and can surge at a strong rate of
29.6% from 2019 to 2024. The segment can achieve the fastest growth rate in the
near future, on account of the rising proliferation of Android smartphones
along with the increasing number of free applications that are available on the
Android platform that makes use of the in-app advertising strategy.
Considering
the ad-format segment, the market segments that are named in the report are
video add-format and non-video ad-format. The video-add format was the leading
segment in 2018 and it controlled a share of 72.5%. The segment also holds the
potential to achieve the fastest CAGR of 28.7% in the following years. Video
format helps deliver better-value and interactive content to customers across
the world, facilitating customer engagement. Video advertising covers
monitoring the channel performance as well as bringing down the expenditure on
channels that perform poorly, leading to higher adoption of in-app videos among
vendors in order to increase the ROI.
Regional Insight:
North
America, Europe, Asia Pacific (APAC) and the rest of the world (RoW) are the
primary regional segments in the in-app advertising market.
North
America is a highly promising market for in-app advertising market and can
potentially achieve the top position during the estimation period. The in-app
advertising market in the region is positively affected by the large pool of
well-known companies like Apple Inc., Google, Microsoft Corporation, Tune Inc.
and Facebook, among others and the considerable investments they make in the
market. High adoption of smartphones and the rising download of various mobile
applications also induces market growth in the region.
APAC
has the capacity to seize the second-largest share in the global in-app
advertising market during the conjectured period. Rapid surge in smartphone
penetration along with the expanding internet infrastructure, booming
businesses in developing markets owing to fast-paced urbanization, and rising
preference for online shopping in emerging countries can prompt market growth
in subsequent years.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research
Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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List of Tables
Table
1 Global In-App Advertising
Market: By Region, 2017-2023
Table
2 North America In-App
Advertising Market: By Country, 2017-2023
Table
3 Europe In-App Advertising
Market: By Country, 2017-2023
Continued…
List of Figures
Figure
1 Global In-App Advertising Market Segmentation
Figure
2 Forecast Methodology
Figure
3 Five Forces Analysis of Global In-App Advertising Market
Continued…
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