Advertising spending (see detailed data below) is forecast to increase a surprising 7.7% to $194.6 billion in 2016, according to the bullish annual ad spending report published today by MyersBizNet. This is Myers’ 29th Annual Advertising and Marketing Spending Forecast, which also projects that below-the-line marketing investments will decline by 3.6% to $369.7 billion, resulting in total U.S. marketing communications growth of only 0.2%.
The growth in ad spend, while driven primarily by a shift of budgets from below-the-line trade promotion to digital advertising investments, reflects three primary dynamics:
MyersBizNet estimates total 2015 advertising investments grew 1.8%. Over the next few weeks, MyersBizNet TommorowToday reports will provide a deep dive into our forecasts, specific media dynamics, and market insights. The data below reflects 2016 forecasts for each medium, with legacy (traditional) and digital spending provided separately (with the total). Most industry forecasters include only legacy data in their forecasts, and therefore their data does not reflect an accurate market assessment. Also included below are forecasts for Hispanic media, by sector. MyersBizNet include social marketing, direct marketing and search in our below-the-line data, which we will publish in detail in upcoming reports.
MyersBizNet, Inc, Jack Myers and employees accept no responsibility for any action(s) taken as a result of this forecast.
All data is estimated.
Facebook display ads included in display
References: Barclays Capital, BIA/Kelsey, CAB, Credit Suisse, Deutsche Bank Equity Research, DMA, GroupM, IAB, eMarketer, Fitch Ratings, Business Information Association, Universal McCann/Magna Global, MPA, Needham Research, Standard Media Index, Nielsen, RAB, TvB, DPAA, Zenith Optimedia.
Includes political revenues
This forecast includes World Cup, Olympics, NFL, NCAA and other sports programming.