
Overview
Global Out of Home Advertising Market
Out of Home Advertising Market: Overview
Out of Home Advertising Market Size, Trends and Insights By Type (Billboards, Transit Advertising, Street Furniture, Digital Out ofHome (DOOH), Others), By Purpose (Brand Awareness, Promotions and Sales, Others), By End User (Consumer Goods and Retail, Automotive Industry, Real Estate and Property Development, Entertainment and Media, Hospitality and Tourism, Financial Services, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023 to 2032
According to Custom Market Insights (CMI), The Out of Home Advertising Market size was estimated at USD 18.5 Billion in 2022 and is expected to hit around USD 40.3 Billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 8.1% from 2023 to 2032.
The Out OfHome (OOH) Advertising Market involves the promotion of brands, products, or services through various mediums outside of consumers homes. This includes billboards, transit advertising, street furniture, and digital displays in public spaces. The market has evolved with digital technologies, enabling dynamic and interactive content delivery.
Advertisers leverage data analytics and programmatic advertising for precise targeting. Despite challenges, such as the impact of COVID-19, the industry continues to grow with innovations like digital signage, augmented reality, and a renewed focus on localized, sustainable, and health oriented campaigns, reflecting changing consumer behaviors and technological advancements.
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Out of Home Advertising Market: Growth Drivers
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Digital Transformation and Innovation: The integration of digital technologies in out-of-home advertising, known as Digital Out ofHome (DOOH), has been a significant growth factor. Digital screens, interactive displays, and dynamic content enable advertisers to create more engaging and targeted campaigns, attracting a broader audience.
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Urbanization and Population Mobility: The increasing urbanization and growth of metropolitan areas contribute to higher foot and vehicular traffic, creating prime opportunities for out ofhome advertising. Advertisers target urban centres and transit hubs to reach a large and diverse audience.
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Data-Driven Targeting: Advances in data analytics and audience measurement tools empower advertisers to analyse consumer behaviour, demographics, and preferences. This data centric approach enables precise targeting, ensuring that ads are strategically displayed to the most relevant audience in specific locations and during optimal times.
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Programmatic Advertising Integration: The integration of programmatic advertising in the out ofhome space has streamlined the purchasing process. Advertisers can leverage automated systems to acquire ad space, dynamically optimize campaigns in real time, and enhance overall efficiency. This makes out ofhome advertising more appealing and accessible to a broader spectrum of businesses.
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Dynamic Content and Creativity: The capability to deliver dynamic and creative content in real time has introduced a new dimension to out-of-home advertising. Advertisers can customize messages based on factors like the time of day, weather conditions, or specific events, amplifying the relevance and impact of their campaigns.
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**Globalization and Standardization: The out ofhome advertising industry has seen globalization trends, with standardized formats and practices emerging across different regions. This standardization simplifies the planning and execution of global advertising campaigns, allowing multinational brands to maintain a consistent message across diverse markets.
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Measurement and Analytics: The demand for better measurement and analytics tools has grown, enabling advertisers to assess the effectiveness of their out ofhome campaigns more accurately. Metrics such as foot traffic, dwell time, and audience demographics provide valuable insights, helping advertisers optimize their strategies for maximum impact.
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Integration of Location Intelligence: The incorporation of location intelligence technology has become pivotal in out ofhome advertising. Advertisers can leverage geospatial data to understand the physical context of their target audience, allowing for more strategic ad placements. This integration enhances the effectiveness of campaigns by aligning them with the unique characteristics of specific locations, ensuring a more impactful and contextually relevant message delivery.
Report URL: https://www.custommarketinsights.com/report/out-of-home-advertising-market/
Out of Home Advertising Market: Regional Analysis
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North America: In North America, the Out ofHome Advertising Market is witnessing a surge in programmatic buying, leveraging data for precise targeting. Innovations include the integration of augmented reality (AR) experiences in campaigns, providing interactive and immersive content to engage audiences effectively.
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Europe: Europe is experiencing a trend towards sustainability in out ofhome advertising, with a focus on eco-friendly materials and energy efficient displays. There is also an increased adoption of digital signage and real time content updates to enhance the relevance and impact of campaigns.
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Asia Pacific: In the Asia Pacific region, there is a notable emphasis on mobile integration in out ofhome advertising. The integration of QR codes, mobile payment options, and location based targeting is on the rise, creating more interactive and personalized experiences for the diverse and tech savvy population.
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LAMEA (Latin America, Middle East, and Africa): LAMEA is witnessing a trend towards culturally relevant and hyperlocal campaigns. Advertisers are tailoring their messages to specific cultural nuances and preferences, utilizing local languages and imagery to establish a stronger connection with diverse audiences in these regions. Additionally, the integration of experiential marketing is gaining traction.
Out of Home Advertising Market: Recent Developments
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In 2022: Hivestack unveiled a programmatic digital out ofhome (DOOH) marketplace in Malaysia. The platform has secured agreements with GroupM in 14 countries globally and initiated a live campaign in December 2021 with Posterscope, a company owned by Dentsu. This expansion reflects Hivestacks growing presence in the dynamic DOOH advertising landscape.
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In 2022: Google, the American multinational technology company, introduced digital out ofhome advertising within its Display & Video 360 ad planning tool. This allows users to buy screens in public locations like airports, stadiums, shopping centers, bus stops, elevators, and taxis, expanding advertising opportunities across diverse physical environments.
Key Players:
- JCDecaux SA
- Clear Channel Outdoor Holdings Inc.
- Outfront Media Inc.
- Lamar Advertising Company
- oOh!media Limited
- Ocean Outdoor Limited
- Adams Outdoor Advertising
- Fairway Outdoor Advertising
- Exterion Media
- APN Outdoor Group Limited
- Strer SE & Co. KGaA
- CBS Outdoor (Now part of Outfront Media)
- Primesight (Now part of Global)
- Vector Media
- Firefly
- Others
Press Release: https://www.custommarketinsights.com/press-releases/out-of-home-advertising-market-size/
The Out of Home Advertising Market is segmented as follows:
By Type
- Billboards
- Transit Advertising
- Street Furniture
- Digital Out-of-Home (DOOH)
- Others
By Purpose
- Brand Awareness
- Promotions and Sales
- Others
By End User
- Consumer Goods and Retail
- Automotive Industry
- Real Estate and Property Development
- Entertainment and Media
- Hospitality and Tourism
- Financial Services
- Others
On the basis of Geography
North America
- The US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- New Zealand
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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