Television Advertising Market Size Worth $ 318.1 Billion by 2024 | CAGR 3.60%

Global Television Advertising Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Television Advertising Market Overview: As per the latest report by IMARC Group, titled “ Television Advertising Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the global television advertising market size reached US$ 255.8 Billion in 2018. Advertising is a marketing strategy, which helps in endorsing and selling a product, service or idea among a vast audience using a non-personal message. It aids in increasing consumers’ awareness about the launch of a new product, thereby modifying their purchasing decisions. An advertisement is generally published/aired on platforms including print, television, radio, online, blogs and social media websites.

Among these, television currently represents one of the most preferred means of advertisement for both large- and small-scale businesses. As compared to other modes of advertising, television advertising generates sound along with visual graphics, which assists in creating a powerful and lasting impact on viewers.

Television Advertising Market Trends Television advertising is an ideal means for exhibiting products and demonstrating their benefits by capturing the viewers’ attention in a short time. It helps in instantly transmitting sight, motion and sound, irrespective of where an event takes place.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

This can be attributed to digitalization, rising sales of gadgets, such as smartphones, tablets and laptops, increasing prevalence of the internet, and the growing popularity of online streaming services, including Hulu, Netflix and Amazon Prime Video. Looking forward, the market is projected to reach US$ 318.1 Billion by 2024, expanding at a CAGR of 3.60% during 2019-2024.

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Moreover, owing to inflating income levels, there is an increasing consumer expenditure on media and entertainment, which includes acquiring a cable or DTH connection. Also, advertising organizations are actively engaging in research and development (R&D) to gain a better insight into consumers’ buying patterns and choice of advertising content. However, the television advertising industry is currently experiencing intense competition from new media platforms, such as online.

Key Market Segmentation: Market Segmentation by Services Type • • •

Terrestrial Multichannel Online

Based on the service type, the market has been classified into terrestrial, multichannel and online. At present, the terrestrial service accounts for the majority of the total market share.

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Report Description Market Segmentation by Region • • • • •

North America Asia Pacific Western Europe Eastern Europe Middle East and Africa

Region-wise, North America represents the biggest market, holding the majority of the global share.

Other major markets include Asia Pacific, Western Europe, Latin America, Eastern Europe, and Middle East and Africa.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• •

CBS Corporation Comcast Corporation

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News Corporation Viacom Inc Cox Communications

Browse Related Report Mobile Advertising Market Report: https://www.imarcgroup.com/mobile-advertising-market Advertising Market Report: https://www.imarcgroup.com/global-advertising-market

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Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

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of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

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