20 years after the first online banner ad runs, digital advertising take the largest share of ad spend. Double digit growth to continue in 2014 with forecast 14% increase.
IAB Canada released the results of its annual internet advertising revenue report. Spending on online advertising in Canada rose to over $3.5 billion in 2013, up 14% compared to $3.1 billion in 2012, exceeding the previous survey’s 2013 forecast of $3.4 billion, a 9% growth prediction. A surge in 2013 mobile ad revenue (+177%) contributed significantly to overall online ad growth in 2013, almost trebling mobile’s share of total Canada internet revenues from 5% up to 13% in 2013.
French Canada internet revenue reached $670 million in 2013 and continued to represent 19% of total Canada internet ad revenues
French Canada internet revenue reached $670 million in 2013 and continued to represent 19% of total Canada internet ad revenues
“The IAB Canada’s Annual Internet Advertising Revenue Report reinforces the fundamental position that digital media has earned over the last 20 years in the advertiser’s toolbox. Given that Canadians rank among the most active Internet users in the world it comes as no surprise that the largest share of spend is on digital platforms. We forecast continued double digit growth for 2014 with particular excitement for mobile and video formats.”
Chris Williams, President, IAB Canada
“Over the last 5 years, the industry has grown at a compound rate of 17% per year and shows no indication that this growth rate will decline. As media consumption continues to transition to new digital platforms, this double digit growth trend is expected to continue and the forecast growth of 13% is attainable and may even be considered a conservative estimate.”
Martin Lundie, Canadian Media and Technology Leader, Ernst & Young LLP
