British consumer products advertisers have been looking forward to the London 2012 Olympics. The total media advertising spend is set for a significant increase in new growth this year -- due partly to Olympics related promotional activities. eMarketer now estimates that with total spending forecast to reach $24.21 billion -- it's increased by about 4.5 percent. In a tough European economic environment, that's considered to be a big bonus. And, according to the results of a recent market study, a record amount of that ad spending will be online. eMarketer estimates that fully one in three ad campaign spending in the UK will be digital this year -- a figure that will rise to nearly one in two by 2016. Mobile ad spending is on an even stronger growth trajectory, estimated to be up by 70.3 percent this year after a record rise of 144.8 percent in 2011. Mobile spending is still growing from a small base, however, and as total spend increases, growth will moderate. By 20...
TMT Market Research and Analysis