In a challenging market, out-of-home (OOH) ad spend is climbing in the UK, although the gains are small. eMarketer estimates total UK OOH ad expenditures will edge up just 1.4% in 2017.
“That’s overall spend. Digital is a different story,” said eMarketer senior analyst Bill Fisher, author of a new report, “UK Digital Out-of-Home Advertising: Growing Revenues and Growing Potential.” eMarketer PRO subscribers can access the full report here. Nonsubscribers can purchase the report here.
GroupM’s latest forecast indicates UK digital out-of-home (DOOH) ad spend growth will top 20% this year, accounting for nearly half of the OOH market. That heady proportion comes from just 10% of physical assets in some cases, indicating the sizable revenue potential for this medium.