e-Commerce, Telecom and FMCG & Consumer durables are the top 3 verticals
The online advertising market in India is projected to reach INR 3,575 Crore by March 2015 with a Y-o-Y growth rate of 30%. The online advertising market was pegged at INR 2,750 Crore in March 2014. These are the latest findings of the ‘Digital Advertising in India’ report, jointly published by the Internet and Mobile Association of India (IAMAI) and IMRB International, today.
The report finds that currently, Search and Display are the top two contributors to the total Digital Advertisement Spends in India. Of the INR 2,750 Crore Digital Advertisement Market, Search ads constitute 38% of the overall ad spends followed by Display ads which contribute 29% and Social Media contributing 13% of overall Digital Advertisement spends. It is estimated that the proportion of spends on Search advertisements will reduce and spends will increase on Email, Video and Mobile advertisements. By 2015, spends on Video ads will grow by a CAGR of 56% and contribute 12% to the overall market share of Digital Advertisements. In FY ending in March 2014, the contribution of Search spends reduced to 30% of the overall Digital Advertisement spends i.e. contributing INR 825 Cr to the INR 2,750 Cr Digital Advertisement market.
According to the report, Ad spends on Mobile Devices are growing at a CAGR of 43% and Social Media is grew at a CAGR of 41% y-o-y and touched INR 385 Crores and INR 440 Crores in March 2014. Spend on video grew at CAGR of 51% and reached INR 303 Crores. Spends on Email Ads grew at a CAGR 16% to reach INR 88 Crores.
Further, on industry wise spends, the report finds that e-Commerce, Telecom and FMCG & Consumer durables are the top 3 verticals driving the Digital advertisement spends in India.
*To download the full report – Click Here