Last year, underlying growth in the U.S. advertising industry excluding political advertising was +6.0 percent. The new forecast calls for +5.8 percent in 2019 on a similar basis and +4.8 percent in 2020. This definition of advertising includes digital media, television, newspapers, magazines, radio and outdoor media.
Including political advertising the comparable figures look larger with +9.5 percent growth in 2018, +2.6 percent growth in 2019 and +8.2 percent in 2020.
Digital advertising, defined as excluding advertising associated with other media – digital advertising associated with television content, for example – but including political-related spending, is driving growth; the space saw a +23 percent increase in 2018. The forecast predicts that digital spending will see +15 percent growth in 2019 and +16 percent growth in 2020.
Television continues to face challenges as media owners navigate the relative weakness of the marketers who represent the bulk of the medium’s revenues. Excluding political advertising, television grew by +0.7 percent in 2018, but is likely to be flat this year (-0.2 percent) and decline slightly in 2020 (-2.3 percent in our forecast). Including political advertising, they estimate that there was +6.0 percent growth in 2018. On that same note, we forecast a -5.4 percent decline in 2019, but anticipate +3.6 percent growth in 2020.
In 2019, GroupM forecasts radio will decline on an underlying basis by -2.3% (falling -4.8% including political advertising). In 2020, their forecast calls for radio to fall by -3.4% (or -0.1%, including political advertising).
They also anticipate sustained declines for print media into the future.
No comments:
Post a Comment