In-Depth Analysis of the GCC Digital Advertising Market: 2024-2030 Forecasts
MarkNtel Advisors has recently released an in-depth study on the GCC Digital Advertising Market, covering historical data, current market trends, marketing strategies, technological advancements, upcoming technologies, emerging opportunities, and technical advancements in the relevant industry.
How big is the GCC Digital Advertising Industry?
The GCC Digital Advertising Market size is estimated to grow at a CAGR of around 9.42% during the forecast period, i.e., 2024-30.
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Who are the top players in the GCC Digital Advertising Market?
- 7G Media
- GCC Marketing
- Digital Nexa
- Prism
- EDS
- McCollins Media
- United SEO
- Digital Gravity
- Grassroots Creative
- Si3 Digital
- others
GCC Digital Advertising Market Segmentation:
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
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Regional/ Countries Insight:
- The UAE
- Saudi Arabia
- Oman
- Qatar
- Kuwait
- Bahrain
What are the primary market drivers influencing the growth of GCC Digital Advertising Market?
GCC Digital Advertising Market Driver:
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.
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Gain a Competitive Edge with Market Research Report
- The GCC Digital Advertising Market Report by MarkNtel Advisors offers a detailed analysis of the market size, growth rate, competitive landscape, and key players, allowing businesses to gain a comprehensive understanding of market dynamics.
- Businesses can utilize the report to identify emerging opportunities and potential challenges in the market by highlighting current trends and providing future projections.
- The insights provided in the report enable companies to align their strategies based on market forecasts, ensuring they can stay ahead of the competition and make informed decisions.
- Apart from market trends and projections, the GCC Digital Advertising Market Report assists in assessing and mitigating risks associated with entering or operating in the market
- By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategic approaches to minimize risks and optimize their operations, enhancing their competitive edge in the market.
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