Market Insights Advertising & Media Advertising Print Advertising

Magazine Advertising - Ireland

Ireland

Ad spending in the Magazine Advertising market in Ireland is forecasted to reach €30.93m in 2024.
The ad spending is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of -3.98%, leading to a projected market volume of €25.25m by 2029.
With a projected market volume of €4,248.00m in 2024, the majority of revenue will be generated in Ireland.
In the Magazine Advertising market in Ireland, the number of readers is expected to reach 1.0m users by 2029.
The average ad spending per reader in the Magazine Advertising market in Ireland is forecasted to be €25.61 in 2024.
Ireland's Magazine Advertising market is experiencing a surge in targeted digital campaigns, reflecting a shift towards niche audience engagement and interactive content strategies.

Key regions: Australia, China, India, Asia, United Kingdom

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Analyst Opinion

The Magazine Advertising market in Ireland has been experiencing steady growth in recent years, driven by changing customer preferences and local special circumstances. Customer preferences in Ireland have shifted towards digital media, with an increasing number of people consuming news and entertainment online. This has led to a decline in print magazine readership and a corresponding decrease in advertising revenue for traditional print magazines. As a result, many magazine publishers in Ireland have adapted to this trend by investing in digital platforms and offering online advertising opportunities to their clients. This shift towards digital advertising has allowed publishers to reach a wider audience and target specific demographics more effectively. Another trend in the Magazine Advertising market in Ireland is the rise of niche and specialized magazines. With the increasing fragmentation of media consumption, consumers are seeking out magazines that cater to their specific interests and hobbies. This has created opportunities for advertisers to target niche audiences and tailor their messages accordingly. Advertisers are now placing more emphasis on targeted advertising campaigns in specialized magazines, as they can reach a highly engaged and receptive audience. In addition to changing customer preferences, there are also local special circumstances that have contributed to the development of the Magazine Advertising market in Ireland. One such circumstance is the strong presence of multinational companies in the country. Ireland has become a hub for technology and pharmaceutical companies, attracting significant foreign investment. These companies often advertise in magazines to promote their products and services to the local market. This has created a demand for advertising space in magazines, particularly in sectors such as technology, healthcare, and finance. Underlying macroeconomic factors have also played a role in the growth of the Magazine Advertising market in Ireland. The country has experienced a period of economic growth in recent years, with low unemployment rates and rising disposable incomes. This has increased consumer spending and created opportunities for advertisers to reach a larger audience. Furthermore, Ireland's membership in the European Union has facilitated cross-border advertising, allowing advertisers to target not only the domestic market but also consumers in other EU countries. In conclusion, the Magazine Advertising market in Ireland is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards digital media, the rise of niche magazines, the presence of multinational companies, and the country's economic growth are all contributing to the growth of the market. Advertisers in Ireland are adapting to these trends by investing in digital platforms, targeting niche audiences, and taking advantage of the country's favorable business environment.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on magazine advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers advertising in physical magazine editions.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use industry association reports, third-party reports, and survey results from our primary research (e.g., Consumer Insights Global Survey) to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP, population, urban population, and education index.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market. For instance, the S-curve function is well suited to forecast digital products due to the non-linear growth of technology adoption, whereas exponential trend smoothing (ETS) is more suited for projecting steady growth in traditional advertising markets.

Additional notes:

Data is modeled using current exchange rates. The impacts of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice per year in case market dynamics change.