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UK digital advertising spending tops 7.4 billion euros

digital advertisingOur growing dependence on technology is helping to fuel a financial boom in at least one sector of the economy: Digital Advertising.

A recent report compiled by Interactive Advertising Bureau Europe (IAB Europe) and IHS, looks at the changes in digital ad spending from 2012 to 2013. They found that the UK leads Europe with over €7.4 billion in revenue in 2013.

In an article discussing the study results, eMarketer published its predictions for ad spending through 2018. They predict the UK will share over one third of the €32 billion expected to be spent in 2014. If the eMarketer predictions are correct, the UK will continue to dominate the market with more than double the revenues of the next closest country, Germany, by 2018.

Of particular interest to us in the IAB report was that mobile advertising (all kinds) had the fastest growth. The mobile market sector rose over 128% in a year. It now makes up 11.5% of the total digital spending. The fact that companies are spending that much on advertising is confirmation of how vital our mobiles have become.

The press release on the study didn’t break out the specifics of country spending in the mobile market.  But estimates from Ofcom show approximately 92% of the UK population has a mobile phone. I’d feel comfortable speculating the UK is leading in mobile spending as well.

So advertisers are betting that mobile is increasingly the method through which they can reach their audience. We’re excited by all this data and what it means for our customers. Even with all the digital channels available today, SMS is the only way to reach your target market in such a personal fashion. And it’s easier than ever to reach out to new and existing customers with a SMS marketing campaign.

Which channel of digital marketing do you use most? If it isn’t targeting mobile, do you have plans to add mobile into your mix?

7 Comments
  • Sandy

    19/06/2014 at 11:37

    quality

  • Aimi Powell-Burt

    19/06/2014 at 11:42

    Good to know 🙂

  • katie hipkiss

    19/06/2014 at 11:45

    Great stuff!

  • Aimee Ward

    19/06/2014 at 11:49

    Promote your business with SMS 🙂

  • Aimee Ward

    19/06/2014 at 11:52

    Promote your business with SMS

  • Daniel

    19/06/2014 at 12:04

    A worth while read, it is mine boggling to believe that “estimates from Ofcom show approximately 92% of the UK population has a mobile phone.”
    Making Sms Marketing a KEY product in any business which is looking to promote their services.

  • tony

    19/06/2014 at 12:40

    It strikes me that this industry should settle on some consistent terminology. Digital marketing, digital advertising, SMS marketing, mobile marketing, premium SMS. Standard definitions for these would be really handy.

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