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GCC Digital Advertising Market Poised for a 9.42% CAGR | Market Segment By Trading Platform, Advertising Media and Forecast 2030
This detailed report provides a thorough look at the industry, covering key aspects like the GCC Digital Advertising Market Size, its growth in share, development, and the top companies involved. It examines what's driving the market, using historical, current, and projected data, as well as emerging trends, technology updates, important insights, recent developments, potential limitations, and other factors that will influence the industry's direction in the future.
How Big is the GCC Digital Advertising Industry?
GCC Digital Advertising Market is estimated to grow at a CAGR of around 9.42% during the forecast period, i.e., 2024-30.
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Factors Influencing the Growth of the GCC Digital Advertising Industry:
Growing Internet Penetration Across the GCC Region - During the historical years, increasing investments in digital infrastructure, including broadband networks and data connectivity, have enhanced internet accessibility and reliability across the GCC countries. The expansion of high-speed internet infrastructure enables more individuals and businesses to access online content and services, facilitating a broader reach for digital advertising campaigns, which resulted in the growth of the GCC Digital Advertising Market. For instance,
According to the International Trade Organization, in 2022, GCC countries had strengthened their leading position at both regional and international levels, with an increase of more than 98% of internet users in 2021 and regional mobile subscribers now accounting for around 137.66% of their total population.
In addition, the widespread adoption of smartphones has played a pivotal role in driving internet penetration in the GCC region. With smartphones becoming increasingly affordable and accessible, a growing number of consumers use their mobile devices to access the internet, browse websites, and engage with digital content. This shift toward mobile internet usage creates new opportunities for advertisers to target consumers through mobile-responsive websites, apps, and mobile advertising formats, which had a positive impact on the market size and its growth over the past few years and is anticipated to be in a similar trend during the forecast period.
Name of Leading GCC Digital Advertising Companies in the Market
> 7G Media
> GCC MARKETING
> Digital Nexa
> Prism
> EDS
> McCollins Media
> United SEO
> Digital Gravity
> Grassroots Creative
> Si3 Digital
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Segmentation Summary - GCC Digital Advertising Market
The breakdown of the GCC Digital Advertising market into different segments provides a quick overview. It helps businesses understand what customers prefer and where they are located. By dividing the market into smaller groups based on purchasing habits and geography, companies can improve their business strategies. This summary offers a straightforward guide to better understanding the market.
By Trading Platform
> Real-Time Bidding (RTB) - Market Size & Forecast 2019-2030, USD Million
> Private Marketplace Guaranteed- Market Size & Forecast 2019-2030, USD Million
> Automated Guaranteed- Market Size & Forecast 2019-2030, USD Million
> Unreserved Fixed-rate- Market Size & Forecast 2019-2030, USD Million
By Advertising Media
> Digital Display- Market Size & Forecast 2019-2030, USD Million
> Mobile Display- Market Size & Forecast 2019-2030, USD Million
By Enterprise Size
> Small and Medium Enterprises (SMEs) - Market Size & Forecast 2019-2030, USD Million
> Large Enterprises- Market Size & Forecast 2019-2030, USD Million
Geographically Insight: GCC Digital Advertising Market
Geographically, the GCC Digital Advertising Market expands across:
* The UAE
* Saudi Arabia
* Oman
* Qatar
* Kuwait
* Bahrain
The Saudi government has launched various initiatives to promote digital transformation and innovation in the country, including Vision 2030 and the National Transformation Program (NTP). These initiatives aim to diversify the economy, attract foreign investment, and create a knowledge-based society, driving the adoption of digital technologies and advertising practices in the country..
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Frequently Asking Question: GCC Digital Advertising Market
* What are common indicators of market growth?
* Where can I access reliable market reports?
* What are the anticipated growth projections for the GCC Digital Advertising market in the next six years?
* What geographic regions are expected to experience the most significant market growth in the future?
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MarkNtel Advisors is a leading consulting, data analytics, and market research company that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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