September 02, 2020
IAB Report Projects Digital Will Rise 6% Amid 8% Decline in U.S. Ad Spending This Year
U.S. ad spending is now expected to decline 8% vs. 2019, according to a survey of "buy-side" executives at advertisers and agencies surveyed by the Interactive Advertising Bureau in recent weeks. The study also shows that "digital" ad spending will actually expand 6% this year, while "traditional" media advertising will decline 30%, indicating digital's market share is growing as a result of the pandemic.
The "2020-21 Covid Impact On Advertising" report being released this morning by the IAB, is based on the trade advertising bureau's sixth survey of the buy- and sell-sides of the business.
The IAB's analysis shows the migration of ad budgets from "traditional" to "digital" formats across a variety of media, including TV, radio, "print," and out-of-home media, too (see below).
Copyright 2020 MediaPost Communications. All rights reserved. From https://www.mediapost.com. By Joe Mandese.
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