Key Takeaways
- Global advertising revenue reached $963.3 billion in 2023, with digital advertising accounting for 60.3% of the total.
- U.S. digital ad spending hit $289 billion in 2023, growing 12.5% year-over-year.
- Programmatic advertising accounted for 81% of U.S. display ad dollars in 2023.
- Email marketing ROI averages $36 for every $1 spent in 2023 studies.
- 81% of B2B marketers use content marketing as a tactic in 2023.
- SEO leads have a 14.6% close rate compared to 1.7% for outbound.
- Global users spend average 2h 31m daily on social media.
- Facebook has 3.05 billion monthly active users in 2024.
- Instagram users number 2 billion monthly in 2024.
- 51% of consumers use social to research brands.
- 90% of consumers read reviews before purchase.
- 70% of buying experiences influenced by customer service.
- TV viewing averages 2h 54m daily in U.S. 2023.
- Global streaming subscriptions average 4.2 per household 2023.
- Podcasts listeners worldwide 464 million monthly 2023.
Digital advertising dominates and traditional media is declining while marketing shifts towards personalization.
Advertising Spend
- Global advertising revenue reached $963.3 billion in 2023, with digital advertising accounting for 60.3% of the total.
- U.S. digital ad spending hit $289 billion in 2023, growing 12.5% year-over-year.
- Programmatic advertising accounted for 81% of U.S. display ad dollars in 2023.
- Connected TV (CTV) ad spend in the U.S. reached $25.8 billion in 2023, up 22% from 2022.
- Retail media networks generated $57 billion globally in 2023, projected to grow 14% in 2024.
- Social media advertising spend worldwide was $202.5 billion in 2023.
- Search advertising revenue globally amounted to $296 billion in 2023.
- Video advertising spend reached $191 billion globally in 2023, with mobile video at 65% share.
- Out-of-home (OOH) advertising market size was $32 billion globally in 2023.
- U.S. TV ad spend declined to $66.8 billion in 2023, down 2.5% from 2022.
- Audio advertising revenue in the U.S. was $5.2 billion in 2023, with podcasts growing 10%.
- Global ad spend on Meta platforms was $132 billion in 2023.
- Google ad revenue totaled $237.8 billion in 2023.
- Amazon advertising revenue reached $46.9 billion in 2023.
- TikTok global ad revenue was $18 billion in 2023.
- U.S. local advertising spend was $162 billion in 2023.
- Direct mail advertising spend in the U.S. was $4.5 billion in 2023.
- Global sponsorship market size reached $115 billion in 2023.
- Print advertising revenue worldwide fell to $58 billion in 2023.
- U.S. cinema advertising spend was $700 million in 2023.
- Influencer marketing spend globally hit $21.1 billion in 2023.
- Native advertising market size was $12.6 billion globally in 2023.
- U.S. radio ad revenue was $3.7 billion in 2023.
- Global branded content spend reached $25 billion in 2023.
- U.S. political ad spend totaled $14.4 billion in 2024 cycle so far.
- E-commerce ad spend share rose to 25% of total digital ads in 2023.
- APAC ad market grew 7.5% to $285 billion in 2023.
- Europe ad spend reached $209 billion in 2023.
- Latin America ad market was $47 billion in 2023.
- MEA ad spend hit $22 billion in 2023.
Advertising Spend Interpretation
Consumer Trends
- 51% of consumers use social to research brands.
- 90% of consumers read reviews before purchase.
- 70% of buying experiences influenced by customer service.
- 86% of buyers pay more for better experience.
- Millennials spend 44% more on brands they’re fans of.
- 57% of consumers haven’t started holiday shopping by Oct.
- 38% of shoppers buy from loyalty programs.
- Word-of-mouth drives 20-50% of purchases.
- 88% of consumers trust reviews as much as recommendations.
- Mobile shoppers spend 2.4x more with AR try-on.
- 75% abandon carts due to high shipping costs.
- Personalization influences 80% of consumers.
- 69% of consumers complain on social media.
- Loyalty members spend 67% more than non-members.
- 64% prefer sustainable brands.
- Gen Z prioritizes authenticity in 92% of brand choices.
- 55% of consumers switch brands for better values.
- Impulse buys make up 40% of e-commerce sales.
- 71% of consumers expect companies to deliver on promises.
- Video influences 52% of consumers to buy.
- 81% research online before store purchase.
- Email newsletters influence 50% of purchases.
- 60% of consumers discover brands via search.
- Subscription services retained 78% of customers in 2023.
- 45% of consumers use buy now pay later.
- Privacy concerns affect 79% of purchase decisions.
- 68% prefer brands with inclusive marketing.
- Voice assistants used by 27% for shopping.
- 74% influenced by user-generated content.
- Average consumer sees 4,000-10,000 ads daily.
Consumer Trends Interpretation
Digital Marketing
- Email marketing ROI averages $36 for every $1 spent in 2023 studies.
- 81% of B2B marketers use content marketing as a tactic in 2023.
- SEO leads have a 14.6% close rate compared to 1.7% for outbound.
- 61% of global marketers say generating leads is their top challenge.
- Mobile accounts for 54.8% of global website traffic in 2023.
- Voice search will account for 50% of all searches by 2025 per 2023 forecasts.
- 93% of B2B marketers use LinkedIn for content distribution.
- Average landing page conversion rate is 2.35% across industries in 2023.
- 70% of B2B buyers start with a Google search.
- Content marketing generates 3x more leads than traditional marketing.
- 47% of buyers view 3-5 pieces of content before engaging a salesperson.
- Personalized CTAs outperform generic by 202%.
- 72% of customers expect personalized experiences.
- 91% of B2B marketers use video in content strategy.
- Interactive content converts 70% higher than static.
- 60% of marketers repurpose content across channels.
- Gated content generates 3x more leads than ungated.
- 75% of B2B buyers use social media in buying process.
- Account-based marketing increases deal size by 13%.
- 68% of marketers use AI for content creation in 2023.
- PPC ad click-through rates average 3.17% for search.
- 50% of marketers plan to increase SEO budgets in 2024.
- 88% of marketers use CRM for personalization.
- Omnichannel strategies boost revenue by 9%.
- 65% of marketers use chatbots for lead gen.
- AR/VR marketing spend to reach $12B by 2024.
- 76% of consumers expect companies to understand their needs.
- Zero-party data improves personalization by 2.9x.
- 55% of marketers prioritize first-party data post-cookie.
Digital Marketing Interpretation
Media Consumption
- TV viewing averages 2h 54m daily in U.S. 2023.
- Global streaming subscriptions average 4.2 per household 2023.
- Podcasts listeners worldwide 464 million monthly 2023.
- U.S. adults spend 12h 3m daily on media 2023.
- 85% of U.S. households subscribe to streaming 2023.
- Netflix 260 million paid subscribers Q4 2023.
- YouTube daily watch time over 1B hours 2023.
- Disney+ 150 million subscribers end 2023.
- Spotify 602 million monthly active users Q4 2023.
- News consumption via social media 54% U.S. adults.
- Print newspaper readership down to 20% U.S. adults.
- Radio listenership 82% weekly U.S. 2023.
- Gaming time averages 8.45h weekly globally.
- E-books market share 20% of publishing 2023.
- Over-the-top (OTT) video users 1.8B globally.
- Cable TV subscribers declined 6M in U.S. 2023.
- Social video daily views 14B on Facebook.
- Audiobook listeners up 20% to 57M U.S. 2023.
- Smart speaker ownership 36% U.S. households.
- Linear TV share of viewing 58% U.S. 2023.
- Short-form video daily consumption 95m U.S.
- Music streaming 67% of U.S. music revenue.
- 41% of global internet users listen to podcasts.
- News apps used by 33% U.S. adults weekly.
- VR/AR media users 171M globally 2023.
- Online news video consumption 52% U.S. adults.
- Print magazine readership 17% U.S. adults.
- Livestreaming viewers 1.1B globally 2023.
- Connected TV penetration 75% U.S. households.
- Daily mobile media time 4h 39m U.S. adults.
- Global news consumption digital 59% 2023.
Media Consumption Interpretation
Social Media
- Global users spend average 2h 31m daily on social media.
- Facebook has 3.05 billion monthly active users in 2024.
- Instagram users number 2 billion monthly in 2024.
- TikTok reached 1.7 billion users globally in 2024.
- YouTube has 2.5 billion monthly users in 2024.
- LinkedIn monthly active users at 1 billion in 2024.
- Snapchat daily active users 414 million in Q1 2024.
- Twitter (X) has 550 million monthly users in 2024.
- Pinterest monthly active users 518 million in 2024.
- WhatsApp monthly users 2.78 billion in 2024.
- 62.6% of world population uses social media in 2024.
- Average daily social media time 2h 25m in 2024.
- 86% of Gen Z discovers products via social media.
- Influencer marketing ROI 11x higher than traditional.
- 49% of consumers rely on influencer recommendations.
- User-generated content influences 79% of purchases.
- 71% of consumers who had positive social experience likely recommend.
- Live video views on Facebook 3.5B per day.
- 82% of TikTok users take action after watching ads.
- Instagram Reels engagement 22% higher than regular videos.
- 96% of fashion brands use Instagram for marketing.
- LinkedIn posts get 2x engagement with images.
- Twitter drives 24% of referral traffic for news.
- 55% of Pinterest users make purchase after seeing pin.
- WhatsApp Business used by 175M monthly users.
- Social commerce sales to hit $2.9T by 2026.
- 44% of local businesses use Facebook for leads.
- Gen Z 98% use YouTube, average 1h+ daily.
- Short-form video consumption up 45% YoY.
- 67% of Instagram users look for product inspiration.
- Social media ad engagement 0.09% average.
- 78% of salespeople using social sell faster.
- 54% of Instagram users shop weekly.
- Global adults average 7 social accounts each.
- 73% of marketers use TikTok for awareness.
Social Media Interpretation
Sources & References
- Reference 1STATISTAstatista.comVisit source
- Reference 2EMARKETERemarketer.comVisit source
- Reference 3GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 4IABiab.comVisit source
- Reference 5ABCabc.xyzVisit source
- Reference 6IRir.aboutamazon.comVisit source
- Reference 7BORRELLASSOCIATESborrellassociates.comVisit source
- Reference 8RABrab.comVisit source
- Reference 9ADIMPACTadimpact.comVisit source
- Reference 10DMAdma.org.ukVisit source
- Reference 11CONTENTMARKETINGINSTITUTEcontentmarketinginstitute.comVisit source
- Reference 12HUBSPOThubspot.comVisit source
- Reference 13DEMANDGENREPORTdemandgenreport.comVisit source
- Reference 14THINKWITHGOOGLEthinkwithgoogle.comVisit source
- Reference 15LINKEDINlinkedin.comVisit source
- Reference 16UNBOUNCEunbounce.comVisit source
- Reference 17GOOGLEgoogle.comVisit source
- Reference 18DEMANDMETRICdemandmetric.comVisit source
- Reference 19ABTASTYabtasty.comVisit source
- Reference 20SALESFORCEsalesforce.comVisit source
- Reference 21WISTIAwistia.comVisit source
- Reference 22IONINTERACTIVEioninteractive.comVisit source
- Reference 23MARKETOmarketo.comVisit source
- Reference 24SOCIALMEDIAEXAMINERsocialmediaexaminer.comVisit source
- Reference 25ABMTHEABMabmtheabm.comVisit source
- Reference 26CMSWIREcmswire.comVisit source
- Reference 27WORDSTREAMwordstream.comVisit source
- Reference 28SEARCHENGINEJOURNALsearchenginejournal.comVisit source
- Reference 29WWW ABERDEENwww Aberdeen.comVisit source
- Reference 30DRIFTdrift.comVisit source
- Reference 31PWCpwc.comVisit source
- Reference 32BOXEVERboxever.comVisit source
- Reference 33NEWSnews.linkedin.comVisit source
- Reference 34INVESTORinvestor.snap.comVisit source
- Reference 35INVESTORinvestor.pinterestinc.comVisit source
- Reference 36DATAREPORTALdatareportal.comVisit source
- Reference 37MEDIAKIXmediakix.comVisit source
- Reference 38STACKLAstackla.comVisit source
- Reference 39TIKTOKtiktok.comVisit source
- Reference 40LATERlater.comVisit source
- Reference 41PEWRESEARCHpewresearch.orgVisit source
- Reference 42BUSINESSbusiness.pinterest.comVisit source
- Reference 43FACEBOOKfacebook.comVisit source
- Reference 44BUSINESSbusiness.instagram.comVisit source
- Reference 45RIVALIQrivaliq.comVisit source
- Reference 46HOOTSUITEhootsuite.comVisit source
- Reference 47BRIGHTLOCALbrightlocal.comVisit source
- Reference 48BONDBRANDLOYALTYbondbrandloyalty.comVisit source
- Reference 49NRFnrf.comVisit source
- Reference 50KISSMETRICSkissmetrics.comVisit source
- Reference 51BAYMARDbaymard.comVisit source
- Reference 52MCKINSEYmckinsey.comVisit source
- Reference 53FORBESforbes.comVisit source
- Reference 54NIELSENnielsen.comVisit source
- Reference 55MINTELmintel.comVisit source
- Reference 56EDELMANedelman.comVisit source
- Reference 57SAPsap.comVisit source
- Reference 58WYZOWLwyzowl.comVisit source
- Reference 59LITMUSlitmus.comVisit source
- Reference 60ZUORAzuora.comVisit source
- Reference 61LENDINGTREElendingtree.comVisit source
- Reference 62CISCOcisco.comVisit source
- Reference 63ACCENTUREaccenture.comVisit source
- Reference 64INMOMENTinmoment.comVisit source
- Reference 65MARKETINGDIVEmarketingdive.comVisit source
- Reference 66IRir.netflix.netVisit source
- Reference 67BLOGblog.youtubeVisit source
- Reference 68THEWALTDISNEYCOMPANYthewaltdisneycompany.comVisit source
- Reference 69NEWSROOMnewsroom.spotify.comVisit source
- Reference 70NEWZOOnewzoo.comVisit source
- Reference 71LEICHTMANRESEARCHleichtmanresearch.comVisit source
- Reference 72AUDIO-PUBLISHERSaudio-publishers.orgVisit source
- Reference 73RIAAriaa.comVisit source
- Reference 74MAGAZINEmagazine.orgVisit source
- Reference 75REUTERSINSTITUTEreutersinstitute.politics.ox.ac.ukVisit source






