The concentration of global ad spend on a few companies has increased significantly over the years. According to the data from WARC, the top five companies, Alibaba, Alphabet (Google and YouTube), Amazon, ByteDance (TikTok and Douyin), and Meta (Facebook and Instagram), are expected to take over half of the global advertising market by next year, with a combined share of 51.9%[1]. This represents a significant increase in market share compared to previous years.
The top five companies controlling global ad spend are Alibaba, Alphabet (owner of Google and YouTube), Amazon, ByteDance (owner of TikTok and Douyin), and Meta (Facebook and Instagram)[4]. These companies are expected to see ad revenue rise 9.1% this year and 10.7% in 2024, with a combined share of 51.9% of the market by next year[1].
Sources
[1] Global advertising to top $1 trillion in 2024, as big five attract ... - WARC https://lnkd.in/eT2B46JE
[2] Worldwide Digital Ad Spending Forecast 2024 - eMarketer https://lnkd.in/g6pynYWR
[3] Digital Ad Spend - Statistics and Trends (2024 Update) https://lnkd.in/gwujw5Tg
[4] US Advertising Industry Concentration Data and Commentary - LinkedIn https://lnkd.in/ggjyZ2ax
Sources
[1] Global advertising to top $1 trillion in 2024, as big five attract ... - WARC https://lnkd.in/eT2B46JE
[2] Global Digital Advertising Revenues: A Look at the Big Three https://lnkd.in/eKtncpBY
Sales, Marketing and PR Coordinator for NBCUniversal | Communications and Creative Intelligence & Innovation Graduate
6moCongrats Emma! This is super exciting!