Social Media Advertising - United States

  • United States
  • Ad spending in the Social Media Advertising market is projected to reach €75.43bn in 2024.
  • Ad spending is expected to show an annual growth rate (CAGR 2024-2029) of 7.97%, resulting in a projected market volume of €110.70bn by 2029.
  • In global comparison, most ad spending will be generated in China (€75,450.00m in 2024).
  • In the Social Media Advertising market, the number of users is expected to amount to 326.7m users by 2029.

Key regions: United States, France, Japan, Europe, Germany

 
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Analyst Opinion

The Social Media Advertising market in United States has been experiencing significant growth in recent years.

Customer preferences:
Customers in the United States have shown a strong preference for social media advertising due to its ability to reach a large and diverse audience. Social media platforms such as Facebook, Instagram, and Twitter have become an integral part of people's daily lives, and advertisers have recognized the potential of these platforms to engage with consumers. Additionally, the rise of influencer marketing has further fueled the demand for social media advertising in the United States. Customers are increasingly looking to connect with brands and products through influencers they trust and follow on social media.

Trends in the market:
One of the key trends in the Social Media Advertising market in United States is the increasing use of video content. Video advertising has proven to be highly effective in capturing consumers' attention and driving engagement. Advertisers are leveraging platforms like YouTube, TikTok, and Instagram to create and distribute video ads that resonate with their target audience. This trend is driven by the growing popularity of video content consumption among consumers, as well as the improved technology and infrastructure that support video advertising. Another trend in the market is the growing emphasis on personalized and targeted advertising. With the vast amount of data available on social media platforms, advertisers are able to segment their audience and deliver highly relevant and personalized ads. This not only increases the effectiveness of the ads, but also enhances the overall customer experience. Advertisers are using advanced targeting techniques such as behavioral targeting, demographic targeting, and interest-based targeting to reach the right audience with the right message at the right time.

Local special circumstances:
The United States has a highly competitive advertising market, with a large number of brands vying for consumers' attention. This has led to a constant need for innovation and creativity in social media advertising. Advertisers in the United States are constantly looking for new ways to stand out and differentiate themselves from their competitors. This has resulted in the emergence of new ad formats, such as augmented reality (AR) ads and interactive ads, that provide a more immersive and engaging experience for consumers.

Underlying macroeconomic factors:
The growth of the Social Media Advertising market in United States can be attributed to several underlying macroeconomic factors. Firstly, the strong economic growth in the country has led to increased consumer spending and confidence, which in turn has fueled advertising expenditure. Secondly, the high internet penetration rate in the United States has created a large and active online audience that advertisers can target through social media platforms. Finally, the widespread adoption of smartphones and mobile devices has made it easier for consumers to access social media on the go, further driving the demand for social media advertising. In conclusion, the Social Media Advertising market in United States is experiencing significant growth due to customer preferences for engaging and personalized advertising, as well as the adoption of new technologies and the underlying macroeconomic factors. Advertisers in the United States are leveraging social media platforms to reach their target audience effectively and drive engagement. As the market continues to evolve, it is expected that new trends and innovations will shape the future of social media advertising in the United States.

Methodology

Data coverage:

Data encompasses enterprises (B2B). Figures are based on social media advertising spending and exclude agency commissions, rebates, production costs, and taxes. The market covers social media advertising generated by social networks or business networks such as Facebook, Tiktok, Instragram, Pinterest, and LinkedIn.

Modeling approach:

A combined top-down and bottom-up approach determines the market size. Starting with the top-down approach, we calculate global social media advertising by aggregating revenues from key players (Meta Platforms (Facebook and Instagram), ByteDance (Tiktok and Douyin), Twitter, Snapchat, and Microsoft (LinkedIn)). Followed by the bottom-up approach, we justify global, country, and region results using web traffic and the number of app downloads. Lastly, we distribute the results to each country individually with relevant indicators such as GDP, internet users, social media users, and digital consumer spending by country.

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.

Vue d’ensemble

  • Ad Spending
  • Key Players
  • Analyst Opinion
  • Reach
  • Demographics
  • Global Comparison
  • Methodology
  • Key Market Indicators
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