North America to Hold Largest Share of Online Advertising Market during 2023-2029

[San Francisco - USA] - As per the latest market research report added on Trouve360Reports, the global online advertising market is expected to witness significant growth during the forecast period of 2023-2029. The market is projected to grow at a CAGR of XX% during the forecast period, owing to the rising internet penetration and the growing popularity of social media platforms.

Online advertising, also known as digital advertising, is a form of marketing that uses the internet to deliver promotional messages to consumers. It includes various forms such as social media advertising, display advertising, search engine marketing, email marketing, and video advertising.

The global online advertising market is expected to witness significant growth during the forecast period due to the increasing number of internet users across the globe. According to a recent report by the International Telecommunication Union (ITU), the number of internet users worldwide reached 4.9 billion in 2021, an increase of 7.4% compared to the previous year.

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Additionally, the growing popularity of social media platforms such as Facebook, Twitter, and Instagram have led to an increase in social media advertising. Social media advertising is a form of online advertising that uses social media platforms to deliver promotional messages to consumers.

North America is expected to hold the largest share of the global online advertising market during the forecast period, owing to the high adoption of digital advertising technologies in the region. The Asia Pacific region is expected to witness the highest growth during the forecast period, owing to the rising internet penetration and the increasing number of smartphone users in the region.

Some of the key players operating in the global online advertising market are Google LLC, Meta Platforms, Inc., Amazon.com, Inc., Twitter, Inc., Microsoft Corporation, Alibaba Group Holding Limited, International Business Machines Corporation, Hulu, LLC, Baidu, Inc., Verizon Communication, Inc., Yahoo! Inc., AOL, Inc., Sirius XM Holdings, Apple, Inc., and eBay, Inc.

In conclusion, the global online advertising market is expected to witness significant growth during the forecast period, driven by the rising internet penetration and the growing popularity of social media platforms. North America is expected to hold the largest share of the market, while the Asia Pacific region is expected to witness the highest growth.

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