Wednesday, 16 December 2009

Search and video advertising main growth areas in the US

Media Post has reported on new research in the US by eMarketer that shows online advertising declining by 4.6% in 2009 - the first drop since 2002 - although this is expected to grow again in 2010. The two areas that saw growth in 2009, however, were search and video advertising.

The eMarketer report identified a move towards 'non-advertising' marketing, such as social media and building websites or brand 'microsites'. This means that spend is being channeled into other areas not previously tracked by the research, so that the annual decline in figures may be misleading. The use of social media is also having an impact on how online advertising is being used and how communication channels are changing.

The search marketing sector is shown to be taking a larger slice of the online budget, as it is in Australia as well. The US figures show spend under $11 billion in 2009 growing to nearly $16 billion in 2014. This will make the sector about three times as big as banner or video campaigns. However, although search advertising will see the largest annual increases through to 2013, according to this research, by 2014 it is expected that more new dollars will flow into video advertising than into search.

This expected growth in spending on video ads will far outpace any other online format, running between 34% and 45% from 2009 through 2014 and is the result of video ads moving to a position as the main form of brand advertising online. By 2014, it is estimated that US advertisers will be spending 46.5% of the online advertising market on search and 38.7% on a mix of banner, video and rich media display ads.

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