Report Ocean recently published an extensive intelligence report titled “Asia-Pacific Mobile Advertising Market Report: Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2030.” This report provides a comprehensive analysis of the market at a micro-level, focusing on insurers, major market sectors, products, and distribution methods within the industry.
The competitive segment of the report offers a summary of key competitors, their financial conditions, recent developments, competitive analysis, and market advancements. This analysis enables market participants to effectively identify relevant opportunities by assessing the strengths and weaknesses of major competitors.
Insights into the Market The Asia-Pacific Mobile Advertising Market is anticipated to expand at a CAGR of approximately 23% over the forecast period (from 2023 to 28 years) as a result of the expanding use of the internet in developing nations like China, India, and Japan. In 2022, India and China combined had more than 70% of all internet users in the region.
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Market Definition Mobile advertising is advertising that appears on smartphones, tablets, and computers when a user is using an online application or surfing the internet. The promoting is additionally shown on these gadgets through disconnected mode by means of SMS and MMS. Consumers now have a wider selection of devices they can use for online activities like gaming, shopping, social media, and other activities. Advertisement companies have been able to use the data to create customer-centric advertisements thanks to the growing use of these devices for a variety of purposes.
In an effort to make the internet more accessible to all citizens, the respective governments have taken steps to expand internet service. By 2022, the Indian government plans to make it easier for everyone, especially in rural and remote areas, to have equal access to broadband services. The government was able to provide internet access to citizens even in the most remote areas because the initiative was a huge success. In addition, the country’s internet and smartphone penetration significantly increased as a result of the stringent lockdown measures implemented in 2020 by the Chinese and Indian governments.
By 2022, there will be more than 1.8 billion smartphone internet users in both countries. Besides, different Chinese versatile assembling organizations like Oppo, Vivo, Xiaomi, and so forth., have introduced a wide selection of low-cost smartphones into the South and Southeast Asian markets. As a result, customers from low-income groups were able to purchase smartphones as a result of these businesses’ expansion. The expansion in the reception of cell phones among people has permitted portable publicizing organizations to arrive at a more extensive scope of clients, further prompting market development.
Also, the development of the end-clients ventures like internet business, online installment and ticket booking application, OTT stages, web-based entertainment stages, and so forth., has sped up the growth of the Asia-Pacific market for mobile advertising. In order to reach a wide range of customers in the region, mobile advertising companies have been placing advertisements on social media and OTT platforms.
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Segmentation of the Market by Format Type:
Search and Show Videos from Social Media Websites and Other Sources
Due to the growing number of people in the region using the internet, the search segment is expected to dominate the market over the forecast period. The fact that customers frequently use search engines on the internet to obtain information about any product or service enables the mobile advertising company to track and monitor the customer’s interest. The display of product-related advertisements on smartphones, tablets, and laptop search engines follows suit.
Considering End Users:
Retail and Internet business
Media and Diversion
Medical services
BFSI (Banking Monetary Help and Protection)
Schooling
Travel and The travel industry
Auto
Others (Telecom, Government, and so forth.)
During the forecast period, the retail and e-commerce segment is expected to gain a significant share of the Asia-Pacific Mobile Advertising market due to the growing preference of customers to purchase electronics, apparel, and other products online. Consumers’ willingness to buy these products online would also rise with the spread of internet services and the introduction of 5G.
In addition, one of the most important revenue-generating sectors for mobile advertising businesses is emerging in the education sector. Mobile advertising companies see the digitalization of the education industry following COVID-19 as a huge opportunity. In the entire APAC region, smartphone usage among Generation Z has skyrocketed after 2020. Additionally, the rising number of OTT platform subscribers across South East Asia, India, China, and other regions, because of appealing valuing has been further helping versatile promoting.
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Geographically, the Asia-Pacific Mobile Advertising Market spans the following regions:
China, India, Australia, South Korea, Japan, Southeast Asia, and the rest of Asia-Pacific China had a significant share of the Asia-Pacific Mobile Advertising market due to its higher smartphone penetration and higher penetration of internet services. In 2022, China’s mobile phone internet users will exceed 1.1 billion. Additionally, the country is a leader in the implementation of 5G, which is anticipated to further expand the growth prospects for mobile advertising businesses.
The mobile advertising market in China has grown significantly as a result of developments in the e-commerce sector and the growing trend toward online sales by manufacturing businesses such as those that produce clothing, electronics, household goods, and other products. Over time, citizens’ use of smartphones and computers has steadily increased. Chinese adults spend an average of 4 hours and 26 minutes per day checking their smartphones, excluding phone calls, which increased by 25 minutes, or 14.6%, from 2020, according to China Internet Watch. This, in turn, provides a suitable platform for mobile advertising businesses to maximize profits.
In 2023, Aurora Mobile, a leading provider of customer engagement and marketing technology services based in China, became a strategic partner of WhatsApp in China. In 2021, Mobvista, a mobile advertising company, acquired Reyun, a third-party mobile measurement and marketing technology company. In China, Mobvista purchased Reyun for approximately USD 233 million.
In 2019, Adways Inc. and mobile advertising platform POKKT entered into an exclusive partnership agreement for India, Southeast Asia, and the Middle East. By targeting more than 50 million Japanese app users, the partnership would help the company expand its presence in the Japanese market.
Trends in the Market:
Growth Factor: High Entrance of Online Entertainment to Lift the Market Development
The verifiable period has seen a mass expansion in the quantity of web-based entertainment clients across the Asia-Pacific district to remain associated with individual and expert organizations. People have been using social media sites like Instagram, Facebook, Tik Tok, and others to keep in touch with friends and family and get news about what’s going on in their lives. In addition, a variety of features, such as video calling, reels, and feeds, have been made available on social media platforms, offering customers a cost-effective means of relaxing. As a result, a number of industries, including e-commerce and consumer goods, have begun advertising their products on these platforms in an effort to attract a large number of customers. The locale beat North America, and Europe as far as online entertainment application downloads in 2022. In 2022, India was the world’s biggest market for Facebook, with largest number if application downloads. In 2022, there will be more than 230 million Instagram users in India. China had more than 1.22 billion WeChat users in the same year.
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Possible Limitation: Mobile advertising typically gathers information about people’s interests and desires through web searches and online applications. Privacy concerns for customer confidential data will impede the growth of the market. Mobile advertisers place advertisements on customers’ smartphones while they are using any online application based on their search and browsing habits. In this instance, the user’s name, email address, contact information, and credit and debit card are occasionally made public, raising privacy concerns. Regulations are being planned by governments in the APAC region to reduce the likelihood of customer privacy breaches or cyberheists. The greatest obstacle for mobile advertising businesses would be these regulations.
Learning experience: Growing 5G Infrastructures to Boost the Market in the Future The development of the 5G network would lead to an increase in internet usage through increased internet browsing due to the speed increase. Mobile advertising firms will be able to post more advertisements on websites and online applications as browsing grows. Countries like China, India, Japan, and others have made significant investments in the development of 5G infrastructures.
In the next five years, the International Trade Administration 2022 predicts that four Japanese mobile operators will spend more than USD14 billion on combined capital expenditures to expand their 5G networks. This would make it easier for people all over the country to get fast internet services. Comparable venture has been proposed in other Asia-Pacific nations which would give an open door to the extension of the Asia-Pacific Versatile Promoting market in the conjecture period.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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