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Q3 2024 Ad Spending Forecast and Trends

Digital Ad Spending Rises, but Differences Remain Between Industries

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About This Report
Digital’s share of total media ad spending will hit almost 78% in 2024 and exceed even this high number in some industries. This report looks at some factors that correlate with an industry’s digital spending.
Table of Contents

In 2024, over three-quarters of US ad spend will go to digital channels, but not all industries emphasize digital equally. In six industries, digital will command an even higher share than the overall average of 77.7%. And there is significant variation in the share of digital ad spend that different sectors dedicate to mobile, social, video, and search.

Key Question: Which industries will spend the highest share of ad budget on digital this year?

Key Stat: Three industries—technology and electronics, retail, and consumer packaged goods (CPG)—will spend more than $4 of every $5 ad dollars on digital formats in 2024.

authors

Yoram Wurmser

Contributors

Rahul Chadha
Ethan Cramer-Flood
Zach Goldner
Forecasting Analyst
Vladimir de Leon
Chart Editor
Penelope Lin
Director, Data Visualization
Evelyn Mitchell-Wolf
Senior Analyst, Digital Advertising & Media
Sakina Thanawala
Matt Torpey
Senior Chart Editor

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