Online Advertising Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Online Advertising Market is expected to grow at a CAGR of 14.3% over the forecast period (2022 - 2027). Over the years, technological developments regarding the internet, combined with its increasing commercial use and the rapidly growing number of internet users worldwide, have not only shaped the evolution of online advertising and digital advertising but have also given rise to new advertising business models, new market levels, and players. Moreover, the increasing technological advancements coupled with increasing digital spending by enterprises are expected to drive the online advertisement market over the forecast period.
Key HighlightsThe Online Advertising Market is highly competitive, owing to the existence of various prominent players operating on a global scale. The market appears to be moderately concentrated, with significant players adopting key strategies like mergers, acquisitions, and service innovation. Some of the major players in the market are Google LLC, Facebook Inc., and Twitter Inc. Some of the recent developments are:
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