Digital Ad Spending Expected to Soon Surpass TV

Television has lost its longtime grip on advertising budgets as digital ad spending continues to surge, according to some of the advertising industry’s most closely watched forecasts to be released on Monday.Television ad sales are expected to fall slightly this year, decreasing globally for the first time ever aside from a recession year, according to the Interpublic Group’s Magna Global.TV will account for 38.4 percent of the $503 billion global ad market this year and will drop to 38 percent of the market in 2016, according to the forecast.In the meantime, digital media will continue its meteoric rise. Digital ad spending will grow 17.2 percent this year, to nearly $160 billion, and 13.5 percent in 2016, and is expected to overtake TV as the biggest advertising category by the end of 2017, the forecast says.Publicis Groupe’s ZenithOptimedia expects digital media to pass TV in 2018.“TV global growth is diminishing,” Vincent Letang, the head of global forecasting at Magna Global, said. “In most major developed markets, TV growth is slowing and in some cases stagnating.”

Source: Digital Ad Spending Expected to Soon Surpass TV – The New York Times

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