Global Contextual Advertising Market Analysis 2022
The Global Contextual Advertising Market is expected to reach $765.75 billion by 2028 growing at a CAGR of 20.8% from 2021 to 2028. Contextual advertising refers to the custom of placing ads on web pages based on the content of those pages. It is also referred to as discourse selling. It is a kind of online ad or targeted ad within which a targeted advertisement is matched with the relevant digital content and displayed on websites or different media. The advertisements are selected and displayed based on the search keywords, content, or theme of the websites. Contextual advertising is an automatic method wherever a targeted advertisement is matched to relevant digital content. The algorithms underpinning discourse advertising choose the advertisements supported keywords and different data enclosed within the content. The ensuing advertisement has relevance and target, which inspires users to click through the ad. This click-through activity creates revenue for the publisher of the content and a lot of traffic for the advertiser. One of the more well-known examples of contextual advertising is Google AdSense.
Factors such as growing trend of mobile advertisement, increasing social media users in various developing and developed countries, rising adoption of target advertising, and incorporation of virtual reality and augmented reality for the digital customer engagement are driving the growth of the market. However, privacy concerns due to behavioural tracking restraining the growth of the market.
Based on the type, activity-based advertising segment is anticipated to have lucrative growth during the forecast period, due to rising number of internet users. It is a type of contextual marketing that is done based on a user’s browsing history and cookies. This advertising usually comprises logos, graphics, pictures, and texts, among others. The demand for display advertising is increasing as it is the era of social media and predictive and customer behavioral analytics. If internet users search or read something on the World Wide Web, their mobile/PC screens would start displaying advertisements according to their interests or previously accessed browsing information. These advertisements appear on webpages, e-mails, and instant messaging (IM) applications.
The key vendors mentioned are IAC (Inter Active Corp), Microsoft Corp, Adobe Systems Incorporated, Meta Platforms Inc, Google, Inc., Media.net, Amazon.com Inc, SAP SE, Facebook, Infolinks Media LLC, Twitter, Inc., Yahoo Inc, Amobee, Inc., InMobi Marketo Inc, Act-On Software, Flytxt, AOL, and Millennial Media.
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