Asia Pacific Smart Advertising Services Market Size & Outlook
Asia Pacific smart advertising services market, 2017-2030 (US$M)
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Asia Pacific smart advertising services market highlights
- The Asia Pacific smart advertising services market generated a revenue of USD 106.1 million in 2022.
- The market is expected to grow at a CAGR of 22.1% from 2023 to 2030.
- In terms of segment, search engine advertising was the largest revenue generating service type in 2022.
- Social Media Advertising is the most lucrative service type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 106.1 million |
| Market revenue in 2030 | USD 524.1 million |
| Growth rate | 22.1% (CAGR from 2022 to 2030) |
| Largest segment | Search engine advertising |
| Fastest growing segment | Social Media Advertising |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Email Advertising, Video Advertising, Search Engine Advertising, Mobile Advertising, Social Media Advertising, Online Display Advertising |
| Key market players worldwide | Alphabet Inc Class A, Meta Platforms Inc Class A, Alphabet Inc Class C, Omnicom Group Inc, IBEX Ltd, The Interpublic Group of Companies Inc, X (formerly Twitter), TikTok, The Walt Disney Co, Amazon.com Inc, Alibaba Group Holding Ltd ADR, Microsoft Corp, Deloitte, International Business Machines Corp, Vayner Media, BlueFocus |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.6% of the global smart advertising services market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 524.1 million by 2030.
Search engine advertising was the largest segment with a revenue share of 26.58% in 2022. Horizon Databook has segmented the Asia Pacific smart advertising services market based on email advertising, video advertising, search engine advertising, mobile advertising, social media advertising, online display advertising covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific accounted for a market share of 24.19% in 2021. The region is experiencing the fastest growth of DOOH advertising due to the massive penetration of advertising through the hospitality, and retail industry.
Densely populated countries such as India and China focus on developing screens that deliver relevant and real-time advertising content. Furthermore, the growing prevalence of digital billboards is propelling the growth of the smart advertising market.
Post the pandemic, DOOH advertising is gaining popularity in the Asia Pacific region owing to the growing penetration of advanced technologies, emerging digital advertising platforms, and rapid urbanization. The growing number of corporate spaces and the increasing number of people spending time outdoors are driving the market growth in the Asia Pacific region.
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Smart Advertising Services Market Scope
Smart Advertising Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific smart advertising services market size, by country, 2017-2030 (US$M)
Asia Pacific Smart Advertising Services Market Outlook Share, 2022 & 2030 (US$M)
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