Philippines is fast growing and top 7th adspend contributor: Zenith

The Philippines is the No. 7 top contributor of adspend in the world, with a projected US$2.2 billion new revenue contribution from 2016 to 2019,  according to Zenith’s Advertising Expenditure Forecasts, published in March 2017.

The country also is the third highest growth country at 63.7% growth rate from 2016 to 2019, contributing millions of new revenue into the advertising economy.

Advertising expenditure grew 29% from 2015 to 2016, and is expected to grow 20% from 2016 to 2017. Internet advertising accounted for about 11% of all advertising expenditure in the Philippines in 2016, which represents a doubling of its market share in just two years. By 2019, Zenith forecasts the internet’s market share will be 20%. Meanwhile, market leader television continues it strong showing, expected to quadruple to about US$3.6 billion from 2009 to 2019.

For more advertising spend and other digital media performance trends, go to www.NewsBizBlog.org

Advertisements

About Steve Stone

Director of Online Operations at World Newsmedia Network
This entry was posted in Advertising and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s