UK advertising spend expected to top £21.8bn in 2019
UK advertising is expected to increase to £21.8 billion in 2019, up from £20.5 billion in 2018 according to the latest media and marketing forecasts from GroupM, the world’s leading media investment group. GroupM forecasts 6.1% growth for 2019, down from 7.8% in 2018.
Digital advertising now accounts for more than 60% of total UK advertising – more than half of which is search – and still growing at a double-digit pace (around +11% forecast for 2019); digital media “pure plays” represent the largest single group of ad sellers, and two entities (Google and Facebook) are probably around three-quarters of this figure on a gross basis.
Television has sustained its scale and remains a relatively stable medium in terms of advertising revenues. After hitting a plateau of around £4.5bn, spending was effectively unchanged in 2018 over 2017 and looks set to remain at that level for 2019 and 2020, still accounting for around 20% of media investment.
In Out-of-Home (OOH), digital formats are increasingly important, accounting for half of spending in OOH during 2018, with further share gains still to come especially as more automation takes root, including the emergence of performance-based targeting and data-driven trading. For now, GroupM forecasts growth exceeding +3% in each of 2019 and 2020.
Read more on the GroupM website: https://www.groupm.com/news/groupm-updates-uk-forecast-advertising-surpass-ps218-billion-2019