Skip to main content

Online Ads will Surpass Outdoor Ads in 2007

New York Post reports that spending on Internet ads will overtake billboards and other outdoor advertising next year, and close the gap on radio in 2008, a new report said.

The Internet will account for 6.5 percent of all advertising by the year after next, up from an earlier forecast of 6 percent in December, according to global media firm Zenith Optimedia. Online ad spending accounted for 4.5 percent of the global market last year.

"We have revised our Internet forecasts upwards once again, as it has continued to exceed expectations," Zenith said. Radio's market share will fall to 7.9 percent in 2008, from 8.5 percent last year. "The Internet is now firmly established as a mainstream advertising medium in developed markets, and in many developing markets too," Zenith said.

The firm predicts overall ad growth will increase to 6 percent in 2006, up from 4.5 percent last year, in part because of the promotional frenzy surrounding World Cup soccer.

Popular posts from this blog

The Rise of Generative AI in Finance

As an independent management consultant specializing in the tech sector, I've witnessed numerous technological advancements reshape vertical industry workflow and horizontal job functions. However, few innovations have shown as much promise to revolutionize business operations as Generative AI (GenAI). A recent Gartner market study has shed light on the transformative potential of this technology, particularly in the realm of finance. The findings reveal a significant shift in how finance leaders perceive and plan to implement generative AI, signaling a new era of data-driven decision-making and operational efficiency. The Gartner assessment provides compelling insights into the expectations and priorities of finance leaders regarding GenAI adoption. One of the most striking statistics is that 66 percent of finance leaders believe GenAI will have its most immediate impact on explaining forecast and budget variances. GenAI in Finance Market Development This high percentage undersc