This will be the first-ever-time for this phenomenon to happen.
As per report, the spending on mobile devices is expected to grow by 41 per cent during the year and will amount for 52 per cent of the digital advertising share. Mobile advertising had a share of 47 per cent in digital spends in 2019 and is expected to hit 64 per cent in 2022.
The report was launched under the theme of digital becoming a Rs 50,000 crore opportunity by 2025 in the presence of top management from various agencies under DAN network, including CEO APAC and chairman India Ashish Bhasin and CEO India Anand Bhadkamkar.
The possibility of the digital advertising industry may grow at a CAGR of 27 per cent to reach Rs 17,377 crore by the end of 2020. It is estimated to reach industry size of Rs 58,550 crore by the end of 2025. This humongous growth has been attributed to the advancements in marketing technologies and creativity, advent of 5G technology, and increased adoption of e-commerce advertising.
Also, the overall Indian advertising industry will grow by 10.9 per cent to reach Rs 74,952 crore by the end of 2020 and is expected to grow at 11.83 per cent CAGR to reach a market size of Rs 1,33,921 crore by 2025. The share of television will remain steady throughout 2020, close to the 39 per cent mark it had recorded in 2019.