GITNUX MARKETDATA REPORT 2024

Advertising Agency Industry Statistics [Fresh Research]

In this post, we will explore key statistics and insights shaping the advertising agency industry worldwide. From the exponential growth of digital advertising to the evolving landscapes in different regions, these statistics offer a comprehensive look at the current trends and future projections within the dynamic realm of advertising agencies.

Statistic 1

"The global advertising industry is expected to reach $319.8 billion in 2025."

Sources Icon

Statistic 2

"In 2020, the digital advertising segment in the advertising agencies industry generated $153.1 billion globally."

Sources Icon

Statistic 3

"In 2019, Google Ads accounted for nearly 29% of total digital advertising spend."

Sources Icon

Statistic 4

"Asia is the fastest-growing advertising market, with a projected growth rate of 6.2% in 2021."

Sources Icon

Statistic 5

"The North American advertising industry was expected to grow by 3.9% in 2020 before pandemic."

Sources Icon

Statistic 6

"Mobile devices account for over 70% of the total digital ad spend in 2021."

Sources Icon

Statistic 7

"The US advertising agency industry is worth $54.5 billion in 2021."

Sources Icon

Statistic 8

"Global advertising agencies’ revenue from digital media is expected to hit $460 billion by 2024."

Sources Icon

Statistic 9

"Social media advertising revenue accounted for nearly 28.5% of total ad spending in 2020."

Sources Icon

Statistic 10

"Native advertising is expected to represent approximately 63% of mobile display ad spend by 2020."

Sources Icon

Statistic 11

"Approximately 38% of advertising agencies in the United States have 1-4 employees."

Sources Icon

Statistic 12

"80% of advertising agencies offer organic search engine optimization (SEO) services."

Sources Icon

Statistic 13

"48% of advertising agencies believe that artificial intelligence will play an important role in their industry in the next five years."

Sources Icon

Statistic 14

"Digital advertising spending in Eastern Europe is projected to reach almost $13 billion by 2025."

Sources Icon

Statistic 15

"China’s largest advertising agency, China’s Tencent, generated over $19 billion in advertising revenue in 2019."

Sources Icon

Statistic 16

"India’s advertising industry is projected to grow at a CAGR (compounded annual growth rate) of over 15% between 2019 and 2024."

Sources Icon
The global advertising industry continues to show upward growth projections, with digital advertising playing a significant role in revenue generation. Key trends such as the dominance of mobile devices in digital ad spend, the rise of social media advertising, and the increasing importance of artificial intelligence are reshaping the landscape. While North America and Asia lead in market size and growth rates, emerging markets like Eastern Europe and India show promise for future expansion. Overall, the industry is evolving rapidly to adapt to changing consumer behaviors and technological advancements, with opportunities for agencies to capitalize on new avenues for reaching target audiences.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!