US ad market on course for record year

US — The value of the US advertising market is expected to grow by 5.8% to a record high of $178bn this year, according to figures from Warc’s latest US Ad Forecast. 

Dollar crop

This represents the fastest rate of growth since 2010, and evidence suggests that the US market will grow at over twice the rate of the wider economy in 2016. 

It also represents an upgrade of 0.9 percentage points since Warc’s last forecast last December. This has been attributed to a more positive outlook for both TV and internet (including mobile). 

Following a 3.5% dip in 2015, TV adpsend is now forecast to rise 6.6% to $68bn this year, reportedly having been boosted by increased spending around the Rio Olympics and the US presidential campaigns. This means that TV will retain its position as the largest advertising channel by value in the US – and the world – in 2016. 

However, internet adspend is expected to rise by 13.7% this year to achieve near parity with the value of the TV ad market. 

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts