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The global media planning and buying market reached a value of USD 362.7 billion in 2018. The market accounts for around 65% of the global advertising market, which reached approximately USD 423.9 billion in 2020. The advertising market is rapidly being driven by the increasing penetration of the internet in the market, which is attracting more demand from the consumers. The leading region in the market is the United States, accounting for more than one-fourth of the global advertising expenditure. Other countries spending significant resources on additional advertising include China and Indonesia.
The increasing penetration of the internet is evident across all the regions, with a large number of consumers shifting from spending on television to online videos. The expenditure on digital advertisements and videos has, thus, increased significantly due to the rapidly growing consumer base. The market is being driven by the growing innovations and new product launches by the major players in the industry to meet the continually evolving demands of their growing consumer base. In July 2018, Omnicom Group (NYSE: OMC), a significant player in the global media planning and buying market, announced the launch of its precision marketing platform, Omni, with an aim to personalise and identify customer experiences and behaviour across media platforms.
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The major key players in the global media planning and buying market include Starcom, MediaCom, Carat, Vizeum, Horizon Media, WPP plc, Omnicom Group Inc., Publicis Groupe, Interpublic Group (IPG), Dentsu Inc., Havas Group, Hakohodo DY Holding Inc., Mindshare Worldwide, MDC Partners Inc., and Acxiom LLC, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.
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