The latest study from the Advertising Association has shown a 8.5% rise in advertising spend to a grand total of £4.5 billion in the three months leading to June. This is the highest spending we've seen since late 2010. It is believed a maturing attitude to digital marketing played a key role behind this growth, with Internet (17.2%), Radio (17.7%) and Display (5%) all having strong quarters.
Although the growth for the rest of this year is expected to slow to 5%, if we look to 2015 demand for Display will push Internet spending to £8.1 billion (compared to the projected £7.5 billion for 2014). Search marketing is also predicted for strong growth figures next year, growing from £3.9bn to £4.3bn between 2014 and 2015.
Tim Lefroy chief executive of the Advertising Association, says the performance of digital media so far in 2014 points to “digital and creative leadership in e-commerce”. The insight is supported by companies such as Mondelez and Diageo tightening the link between online advertisements and search marketing to move further into ecommerce, which is considered a well of untapped potential for food and drink marketers. Around 60% of UK GDP is household consumption – one of the highest – according to the Advertising Association and “e and m commerce are an increasingly large part of that picture”.
Ad spend was up across the media mix, they were all down in the first quarter of the year, but posted rises in the following quarter. The latest Bellwether report, which said over 25% of companies planned to increase the marketing spend.
Although the growth for the rest of this year is expected to slow to 5%, if we look to 2015 demand for Display will push Internet spending to £8.1 billion (compared to the projected £7.5 billion for 2014). Search marketing is also predicted for strong growth figures next year, growing from £3.9bn to £4.3bn between 2014 and 2015.
Tim Lefroy chief executive of the Advertising Association, says the performance of digital media so far in 2014 points to “digital and creative leadership in e-commerce”. The insight is supported by companies such as Mondelez and Diageo tightening the link between online advertisements and search marketing to move further into ecommerce, which is considered a well of untapped potential for food and drink marketers. Around 60% of UK GDP is household consumption – one of the highest – according to the Advertising Association and “e and m commerce are an increasingly large part of that picture”.
Ad spend was up across the media mix, they were all down in the first quarter of the year, but posted rises in the following quarter. The latest Bellwether report, which said over 25% of companies planned to increase the marketing spend.
