Advertising is well known as a billion-dollar-industry. But just how much is really spent on advertising worldwide these days? See the information below from eMarketer.com.
Advertisers Will Spend Nearly $600 Billion Worldwide in 2015 US, China, Japan, Germany and the UK lead as the top five ad markets
Around the world, advertisers will spend $592.43 billion in 2015, according to new figures from eMarketer, an increase of 6.0% over 2014.
Currently, the top five spenders in each advertising category – total paid media, digital and mobile – are the US, China, Japan, Germany and the UK. While the UK lags Japan and Germany in total media spending, its digital ad market outpaces both, with digital and mobile ads representing significantly higher shares of overall advertising than its two predecessors in the overall market. Otherwise, the rankings are consistent across all media markets.
The US remains the dominant advertising market worldwide. Next year, marketers will spend $189.06 billion on ads in the US, an amount that represents 31.9% of the global ad market. That figure is also higher than the aggregated total for China, Japan, Germany and the UK. Through 2018, the US will essentially maintain that share, dipping to only 31.1%, and will continue to account for more in total media ad spending than the rest of the top five combined.
By 2011 online advertising overtook print and radio in the #2 slot for ad dollars spent. Since then, mobile ad spending has increased exponentially. See the below information from eMarketer.com about this rapidly growing segment of the advertising industry.
Mobile Ad Spend to Top $100 Billion Worldwide in 2016, 51% of Digital Market – US and China will account for nearly 62% of global mobile ad spending next year
The global mobile advertising market will hit two significant milestones in 2016, according to new figures from eMarketer, surpassing $100 billion in spending and accounting for more than 50% of all digital ad expenditure for the first time.
The $101.37 billion to be spent on ads served to mobile phones and tablets worldwide next year represents a nearly 430% increase from 2013. Between 2016 and 2019, the last year in our forecast period, mobile ad spending will nearly double, hitting $195.55 billion to account for 70.1% of digital ad spend as well as over one-quarter of total media ad spending globally.
By Liza Persson
The American department store chain J.C. Penney is bringing back its’ mail order catalogue to increase its customer engagement (Reuters, 2014). My first thought was that mail order catalogues seem so quaint these days.
My second one was: it’s smart to bring it back. Without it, a swipe of customers would be lost, because for them the purchase is just one step in a much longer process preceding and following that transaction for which having an actual, physical, mail order book is indispensable, a process far more important than the product one ends up buying.
Stuart Fischoff, Ph.D., Professor Emeritus, Media Psychologist, American Psychological Association Fellow, writer, award-winning screenwriter, consultant, commentator and maybe the only person on the planet (besides Sondheim) who knew all of the words to all of the songs in Sondheim’s stage musical Company, including the ones cut from the show —
Stuart Fischoff, Stuart has died.
Stuart was born in New York City: he often tussled with the neighborhood toughs who beat on him because he was born Jewish; they learned it was in their best interest to curb that behavior.
He loved his parents; his sister hated him, he merely disliked her. Stuart did not care for high school and was a lousy student, but he loved going to Penn State, loved getting his Masters and Doctorate at The New School for Social Research and became what he wanted to become: an intellectual who used really big words and pronounced them correctly — which is why I married him. I can’t pronounce anything over two syllables.
Breaking ranks with tweedy, clean-fingernail intellectuals, Stuart liked woodworking and built furniture for our home, he also crafted bird homes, squirrel homes, dining room tables for mice and big, outdoor wood sculptures in the mode of “rustic impulsive,” the name he made-up for his artistic style.
On the eve of this September 11th, I can’t help but pause and reflect on the day that changed the course of American history (therein changing world history). I remember many of the details, most with strong emotion attached to them – calling my husband to make sure he was all right, waking my brother to watch the news with me, gathering with my friends and colleagues to continue to collect any and all information we could. There was a near-palpable collective confusion, fear, anger and sadness that pervaded my personal environment, as well as throughout the nation. There are some memories from that day that are crystalline in their clarity. This memory acuity is known as a flashbulb memory – a memory created from intense emotional arousal at the moment of a significant and, often times, traumatic event. Do you have a flashbulb memory of that day? If so, you’re not alone. Continue reading
Recently I was introduced to the first season of the A&E television show, Longmire, which is currently streaming on Netflix. I have only had the privilege of watching several episodes (I’m afraid my schedule just doesn’t allow for regular television viewing) and what I’ve seen so far is quite compelling. Alas- although the show is excellent, I’m not writing today to provide a program review but rather to revisit a segment I wrote and presented at the Western States Humanities Conference last year.
One of the more notable elements of the show is the immersive depiction of modern American Indians (the show is specific to the Cheyenne). This leads me to consider media’s influence portraying marginalized, indigenous communities. Interestingly, Marshall McLuhan, the visionary educator of communications, media, technology and humanity provided a powerful framework in which to analyze media. He wrote on media’s influence in constructing a “global village” and of the powerful process of “retribalization.” This post briefly defines McLuhan’s retribalization, while posing additional questions of the concept’s application. Continue reading
“We remake the world through our technologies, and these in turn remake and extend us, in ever spiraling lattices of complexity. McLuhan uncannily foresaw the future, where electronic technology would shape and expand cultures and societies into a global membrane of communications.” – B.W. Powe, York University
B.W. Powe Explores Apocalypse & Alchemy of Two of Canada’s Greatest Thinkers (mcluhangalaxy.wordpress.com)
What is engagement? Despite the fact that I work with clients everyday to track ENGAGEMENT metrics, I haven’t taken the time to reflect on a working definition. There appears to be two distinct camps approaching this question; 1) psychologists and 2) marketing professionals and academics. As a disclaimer, I have worked for almost a decade as a digital marketing strategist and therefore the latter approach to defining engagement is more familiar to me.
These dual approaches are outlined by Gambetti, R. and Graffigna, G. in their work entitled ‘The Concept of Engagement’. Psychologists have defined engagement as a ‘sort of ongoing emotional, cognitive and behavioral activation state in individuals’, whereas advertising professionals ‘see it as the turning on of a prospect to a brand idea enhanced by the surrounding context’ (Gambetti, R. and Graffigna, G., 2010, p. 4). Their work goes further to uncover contradictory definitions for the term ‘engagement’ and confusion around its actual meaning (Gambetti, R. and Graffigna, G., 2010). Continue reading
Guest post by Liza Persson.
Recently Facebook conducted an experimental study exploring online “emotional contagion”; the emotional bias or “tone” (negative or positive) of the content of what people see online and whether it affects the emotional “tone” of content they create online afterwards. Emotional bias or tone of content was inferred using an algorithm developed for this purpose, which in itself is a good tool for analyzing content (Kramer, Guillory, & Hancock, 2014).
What Facebook was doing was not psychology or science in any other area though. Facebook violated procedures and principles in regard to conducting research scientifically. It didn’t live up to the ethical safeguards of protecting those participating in the study, although it did get consent via its terms and services policy which is probably sufficient enough to protect itself in the case of lawsuits (American Psychological Association, 2010). The goal of raising ad revenue is not the rationale for scientific research; serving the good of humanity is (Riley, 2014; Nisen, 2014).