Administrator Lite Posted June 2, 2008 Administrator Share Posted June 2, 2008 Online advertising will balloon in the coming years, becoming bigger than all advertising media except direct marketing by 2012, according to IDC. Spending in U.S. online advertising will double from $25.5 billion in 2007 to $51.1 billion in 2012, along the way climbing up from the fifth-largest to the second-largest ad medium and dwarfing newspapers, cable and broadcast TV, IDC said Friday. Overall spending in U.S. advertising is expected to decline by about 7 percent this year compared with 2007, which means that online advertising is fueling its growth with ad dollars previously destined for "old" media, said IDC analyst Karsten Weide. "The big story here is that Internet advertising is growing strongly at the expense of traditional media," Weide said. "Old media ad budgets are getting moved online." The compound annual growth rate for U.S. online advertising will be almost 15 percent between 2007 and 2012, three-and-a-half times faster than the overall ad market, he said. Although this growth represents a slowdown from previous years, it is still impressive compared with the overall ad market and considering current economic challenges, Weide said. View: Original Article Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.