The ad spending growth in the 'Social Media Advertising' segment of the digital advertising market in the United States was forecast to continuously decrease between 2023 and 2028 by in total 5.3 percentage points. After the fifth consecutive decreasing year, the indicator is estimated to reach 3.25 percent and therefore a new minimum in 2028.
Data provided by Statista Market Insights are estimates.Definition: Social Media Advertising is a form of online digital marketing in which paid banner and video ad campaigns are run on social media platforms to reach the target audiences. Marketers can promote brands, products, and services and increase purchase intention.
Additional information: Social Media Advertising comprises advertising spending, users, average revenue per user, and key players. The market only displays B2B spending. Figures are based on advertising spending and exclude agency commissions, rebates, production costs, and taxes. Key players in Social Media Advertising include Facebook, Instagram, Twitter, TikTok, LinkedIn, Weibo, Naver, and Kakao. For more information on the data displayed, use the info button right next to the boxes.
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Statista. (November 22, 2023). Revenue growth of social media advertising in the United States from 2019 to 2028 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/forecasts/459689/social-media-advertising-revenue-growth-digital-market-outlook-usa
Statista. "Revenue growth of social media advertising in the United States from 2019 to 2028." Chart. November 22, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/forecasts/459689/social-media-advertising-revenue-growth-digital-market-outlook-usa
Statista. (2023). Revenue growth of social media advertising in the United States from 2019 to 2028. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/forecasts/459689/social-media-advertising-revenue-growth-digital-market-outlook-usa
Statista. "Revenue Growth of Social Media Advertising in The United States from 2019 to 2028." Statista, Statista Inc., 22 Nov 2023, https://www.statista.com/forecasts/459689/social-media-advertising-revenue-growth-digital-market-outlook-usa
Statista, Revenue growth of social media advertising in the United States from 2019 to 2028 Statista, https://www.statista.com/forecasts/459689/social-media-advertising-revenue-growth-digital-market-outlook-usa (last visited September 01, 2024)
Revenue growth of social media advertising in the United States from 2019 to 2028 [Graph], Statista, November 22, 2023. [Online]. Available: https://www.statista.com/forecasts/459689/social-media-advertising-revenue-growth-digital-market-outlook-usa