Advertising spending is due to decline 9.1% in 2020 due to COVID-19, according to a new forecast by media agency Zenith. Regionally, the U.S. is benefiting from political spending ahead of the November elections, with the decline projected at 7% in 2020. Zenith now forecasts that digital advertising will account for 51% of global ad spend this year, up from the 49.5% it forecast in December.
Programmatic trading continues to grow — exceeding $100 billion for the first time in 2019 and rising to $127 billion in 2020 and $147 billion in 2021, according to a new forecast from Publicis Groupe media agency Zenith.
Despite trade disputes and fears of recession, the ad market has remained strong year-to-date, driving global ad growth. Overall, Zenith is now forecasting that global ad spend will grow by 4.4% this year to reach $640 billion, down slightly from the 4.6% prediction made in June. Growth is expected to remain stable at 4.3% in 2020 and 4.4% in 2021.
Neil Vendetti, president of investment at Zenith, will explore what advertisers are looking for in a disrupted media environment in the keynote interview at TVNewsCheck’s annual TV2020: Monetizing the Future conference in New York in October.
Media agency group Zenith forecasts that internet advertising will grow by 10% worldwide next year, its lowest growth rate since 2001. Cinema advertising is predicted to surge more than 12%, making it next year’s fastest growing ad medium.
Zenith has downgraded its global ad-spending forecast for 2019, now predicting 4.6% growth to $639 billion. That’s down a bit from the 4.7% growth the Publicis Groupe media agency had forecast in March. Growth is expected to taper slightly in the following two years, Zenith now predicts, including 4.4% for 2020 and 4.3% for 2021.
Zenith is the third agency to issue a downgrade in its ad spend forecast for 2017 in recent weeks. Sluggish economic growth is cited in the revisions.
The new agreement includes access to Nielsen currency data across all 210 local DMAs.
People watched, read, listened, streamed and posted more media than ever in 2016, but that consumption plateaued this year, according to data released today by research firm Zenith. Globally, individuals on average spent 456.1 minutes each day consuming media last year — in 2017, it’s expected to decline slightly to 455.8 minutes.
Citing stronger growth-than-expected in the U.S., Zenith has upgraded its global ad-spending outlook for the next several years. Global advertising expenditure will grow 4.4% this year to reach $539 billion — ahead of the 4.1% previously forecast in June, the media agency is now predicting. The latest forecast was released today.
New figures out today show TV remains the top draw for eyeballs, desktop internet use is waning and mobile’s slice of people’s screen time is growing. The study from Zenith finds TV attracted 177 minutes of consumption a day in 2015, while internet consumption came second at 110 minutes a day.
Early this morning, GatesAir, LG and its subsidiary Zenith with the help of Quincy Group’s WKOW Madison, Wis., conducted an on-air test of Futurecast, a contender for the ATSC 3.0 digital TV transmission standard in the United States.
LG and GatesAir will conduct a test of the Futurecast digital TV system on the Quincy Broadcasting-owned ABC afiliate in Madison, Wis., on Oct. 22. The system is one of the proponents in the ATSC 3.0 standards-setting contest.
Key partners include LG Electronics and its U.S. R&D subsidiary, Zenith, which will develop handheld mobile DTV devices to receive the new alerts and will provide funding for the project.