Industry revenue of “advertising agencies“ in the U.S. 2011-2023

The US advertising industry has witnessed sustained growth over the last few years, a trend that is expected to continue in the short to medium term. Digital media has played a big role in this growth with agencies now investing strongly to integrate advanced technologies with their legacy systems. The market is expected to value 52.6 billion U.S. Dollars by 2023, up from almost 40 billion in 2015.

Cognizant Interactive leads the US market

With nearly 40,000 agenciesworking in various domains, the U.S. is the largest market in terms of global advertising spending. Cognizant Interactive, with its digital media focus, stands tall as the highest grossing advertising and marketing-services agency in the U.S. followed by Accenture Interactive and PwC Digital Services.

California, the home to new age digital companies such as Google, Facebook and Twitter, is estimated to account for the highest advertising spend among all the states in the U.S..

Digital advertising accounts for over 50%

Over many years, digital integration has been disrupting the global advertising industry, with agencies now betting strongly on online advertising as a means for sustained growth in the future. In the US, digital advertising revenues have experienced the strongest growth among all categories over the last few years and the future is expected to be no different. The share of digital advertising revenue surpassed the 50% milestone in 2017, almost doubling from 2009 levels. Moreover, this trend has inspired the emergence of digital only agencies, with market revenues growing by almost 100% between 2013 and 2018. Return on advertising spending (ROAS) is considered as the primary factor driving this growth of digital media.

In terms of services offered, integrated advertising services are most favored by the clients andaccount for maximum revenue as compared to stand alone services such as media buying, direct marketing, sales promotion and others.

Industry revenue of “advertising agencies“ in the U.S. from 2011 to 2023

Revenue in billion U.S. Dollars
--
--
--
--
--
--
--
--
--
--
--
--
--
Exclusive Corporate Account feature

To view this statistic you need a Corporate Account, which includes the following benefits

  • Access to all content
  • Download as XLS, PPT, PNG and PDF
  • Detailed source and background information
Corporate Account
$650 per month*
(billed annually)
* All products require an annual contract.
   Prices do not include sales tax.
Show detailed source information?
Register for free
Already a member?
Log in
Source

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

The industry classification is based on the Naics 2017 - system in the U.S.. The industry “advertising agencies“ has the code “54181“.

Details on the methodology can be found here.

Please visit here for more information on Statista market forecasts.

Use Statista now: unlimited access to all content

Statistics on "Advertising agencies in the U.S."

Further Content: You might find this interesting as well

Use Statista now: unlimited access to all content
Learn more about how Statista can support your business.