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Double-digit growth for online ad spend in Europe

New half-yearly figures from IAB Europe have revealed double-digit growth in online ad spend across Europe. The trade body's CEO and president, Alain Heureux, said that if these growth rates continue, Europe could overtake the US in online ad spend by next summer.

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The representative body compiled figures from its branches in the UK, France, Spain, Italy, Poland, Hungary, Bulgaria and Romania.  

“These half yearly figures suggest that a tipping point has been reached,” said Alain Heureux, president and CEO of IAB Europe. “Every day new companies plan online ad campaigns for the first time, encouraged by reach, return on investment and consumer engagement.

“Those that are already online are allocating a greater proportion of their ad spend to the medium.  And the type of campaigns has evolved – we’re seeing great results for branding and targeted marketing using performance-based techniques. We’re also seeing fantastic results for cross-media campaigns incorporating TV, radio and outdoor. At this rate of growth, Europe’s online ad industry’s market value could overtake the US by the summer next year.”

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(foto: Alain Heureux, Business & Leadership)

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