Key Highlights
- Global digital advertising spending is expected to reach $645 billion in 2024
- 81% of consumers research a product or service online before making a purchase
- Video ads account for 62% of all mobile data traffic
- 70% of small businesses invest in Facebook advertising
- 54% of viewers say they want to see more video content from marketers they support
- Facebook advertising revenue in 2023 amounted to approximately $113 billion
- The click-through rate (CTR) for display ads averages around 0.05%
- 48% of consumers want to see new products on social media platforms
- 73% of advertisers find programmatic advertising more efficient than direct buying
- 91% of marketers believe that personalized advertising increases customer engagement
- 44% of customers say they are more likely to buy from a brand that offers personalized experiences
- Mobile ads account for over 70% of digital ad spending worldwide
- The average person is exposed to over 4,000 to 10,000 ads daily
With global digital advertising spending expected to soar to $645 billion in 2024 and over 70% of ad budgets flowing into social media and mobile platforms, the landscape of marketing is rapidly evolving—driven by powerful trends like video dominance, personalization, programmatic efficiency, and the rising influence of influencer marketing.
Ad Effectiveness and Personalization
- The click-through rate (CTR) for display ads averages around 0.05%
- 73% of advertisers find programmatic advertising more efficient than direct buying
- 91% of marketers believe that personalized advertising increases customer engagement
- 85% of consumers are more likely to trust a brand with engaging and personalized ads
- LinkedIn advertising has grown over 50% in effectiveness since 2021
- 68% of marketers consider influencer marketing a highly effective advertising strategy
- The average click-to-open rate for email marketing is approximately 1.8%
- Over 50% of PPC advertisers say that automation has significantly improved campaign performance
- 62% of marketers report that retargeting ads lead to higher conversion rates
- 44% of marketers say that mobile-specific ads outperform desktop ads in engagement
- Over 87% of marketers use data analytics to optimize their digital advertising strategies
- The click-to-conversion rate for Google Shopping Ads is around 1.24%
- The average lifespan of an online ad campaign in 2023 is approximately 15 days
- 90% of marketers believe that data-driven targeting improves campaign success
- 59% of brands say that influencer marketing provides the highest ROI among digital channels
Ad Effectiveness and Personalization Interpretation
Consumer Behavior and Engagement
- 81% of consumers research a product or service online before making a purchase
- 54% of viewers say they want to see more video content from marketers they support
- 48% of consumers want to see new products on social media platforms
- 44% of customers say they are more likely to buy from a brand that offers personalized experiences
- The average person is exposed to over 4,000 to 10,000 ads daily
- 88% of Facebook business pages are inactive or rarely updated
- 49% of consumers say they like seeing ads that are relevant to their interests
- YouTube reaches more 18- to 49-year-olds than any cable network in the U.S.
- About 78% of mobile local searches result in an in-store purchase
- 33% of online shoppers say they bought a product after seeing it in an Instagram ad
- Banner blindness occurs with approximately 86% of internet users ignoring display ads
- 58% of consumers have purchased from a brand they follow on social media
- 47% of Gen Z internet users rely on TikTok for product recommendations
- 76% of consumers favor brands that can offer seamless ad experiences across devices
- 64% of consumers have clicked on an ad they saw on social media
- 25% of consumers say they trust influencer recommendations more than brand advertising
- The average time spent on digital ads per day is around 4 hours
- 35% of online shoppers abandoned their shopping cart due to high shipping costs
- The average progression rate from ad click to purchase is approximately 2.5%
- 72% of consumers prefer brands that deliver personalized ads across multiple platforms
- 68% of consumers report that social media ads influence their purchase decisions
- 83% of marketers believe that user-generated content is a valuable tool for advertising
- 58% of mobile ads are viewed on smartphones
- 38% of consumers prefer to see ads that tell a story rather than sell a product directly
- 41% of consumers would share a personalized ad with friends
- 35% of consumers click on ads out of curiosity, not necessarily intent to buy
- 52% of mobile users are influenced by ads when considering a purchase
- The average smartphone user watches more than 4 hours of video content daily, much of which includes digital advertising
- 40% of consumers have made a purchase after engaging with a chatbot or virtual assistant
- 80% of audiences find personalized ads more engaging than generic ones
Consumer Behavior and Engagement Interpretation
Digital Advertising Spending and Market Trends
- Global digital advertising spending is expected to reach $645 billion in 2024
- Video ads account for 62% of all mobile data traffic
- 70% of small businesses invest in Facebook advertising
- Facebook advertising revenue in 2023 amounted to approximately $113 billion
- Mobile ads account for over 70% of digital ad spending worldwide
- In 2023, retail advertising accounted for approximately 20% of all digital ad spending
- Instagram advertising revenue is projected to reach $15 billion in 2024
- About 70% of digital ad budgets are spent on search engine marketing
- The average cost-per-click (CPC) for Google Ads in 2024 is around $2.69
- Digital ad fraud costs advertisers approximately $42 billion annually
- AI-driven advertising is predicted to account for 80% of digital ad spend by 2025
- 49% of advertisers plan to increase their investment in social media advertising in 2024
- Programmatic advertising allows for real-time bidding, increasing efficiency by up to 50%
- The use of augmented reality ads has increased by 30% in 2023
- The global digital advertising market is projected to reach $1.2 trillion by 2027
- The average cost per thousand impressions (CPM) for digital ads in 2024 is around $4.50
- Over 60% of ad impressions are now viewable according to industry standards, up from 50% in 2021
- The use of native advertising has increased by 45% over the past two years
- 56% of digital ad spend in 2024 is allocated to social media platforms
Digital Advertising Spending and Market Trends Interpretation
Market Trends
- 64% of marketers see increasing brand awareness as their primary goal for advertising campaigns
Market Trends Interpretation
Video Advertising and Content Preferences
- 59% of marketers say that video produces the best ROI for digital marketing efforts
- 85% of video ads are watched till the end in social media campaigns
Video Advertising and Content Preferences Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
- Reference 2GEEKPOWEREDResearch Publication(2024)Visit source
- Reference 3CMSWIREResearch Publication(2024)Visit source
- Reference 4HUBSPOTResearch Publication(2024)Visit source
- Reference 5BUSINESSOFAPPSResearch Publication(2024)Visit source
- Reference 6SOCIALBAKERSResearch Publication(2024)Visit source
- Reference 7EMARKETERResearch Publication(2024)Visit source
- Reference 8ECONSULTANCYResearch Publication(2024)Visit source
- Reference 9SALESFORCEResearch Publication(2024)Visit source
- Reference 10INVESPResearch Publication(2024)Visit source
- Reference 11SOCIALMEDIAEXAMINERResearch Publication(2024)Visit source
- Reference 12CNBCResearch Publication(2024)Visit source
- Reference 13WORDSTREAMResearch Publication(2024)Visit source
- Reference 14APPSFLYERResearch Publication(2024)Visit source
- Reference 15BLOGResearch Publication(2024)Visit source
- Reference 16NNGROUPResearch Publication(2024)Visit source
- Reference 17MARKETINGCHARTSResearch Publication(2024)Visit source
- Reference 18BUSINESSResearch Publication(2024)Visit source
- Reference 19TIKTOKResearch Publication(2024)Visit source
- Reference 20INFLUENCERMARKETINGHUBResearch Publication(2024)Visit source
- Reference 21MAILCHIMPResearch Publication(2024)Visit source
- Reference 22SHOPIFYResearch Publication(2024)Visit source
- Reference 23SOCIALMEDIATODAYResearch Publication(2024)Visit source
- Reference 24ADWEEKResearch Publication(2024)Visit source
- Reference 25MARKETINGDIVEResearch Publication(2024)Visit source
- Reference 26INNORADEResearch Publication(2024)Visit source
- Reference 27ADVERTISINGAGEResearch Publication(2024)Visit source
- Reference 28STORYTELLINGINMARKETINGResearch Publication(2024)Visit source
- Reference 29MARKETWATCHResearch Publication(2024)Visit source
- Reference 30NIELSENResearch Publication(2024)Visit source
- Reference 31TUBEFILTERResearch Publication(2024)Visit source
- Reference 32SOCIALMEDIAEXPLORERResearch Publication(2024)Visit source
- Reference 33MEDIAPOSTResearch Publication(2024)Visit source
- Reference 34FORBESResearch Publication(2024)Visit source
- Reference 35CONTENTMARKETINGINSTITUTEResearch Publication(2024)Visit source
- Reference 36ADAMSONResearch Publication(2024)Visit source