eMarketer lops $1.3B off 2008 online ad estimate
Analyst firm eMarketer has reduced its estimate for online ad spending in 2008 to $23.6 billion from its August estimate of $24.9 billion, with this year's online ad growth rate of 11.3 percent dropping to 8.9 percent in 2009.
Looking on the bright side, eMarketer said in a statement, "It is important to note that the lowered estimate still represents an increase of 11.3 percent over 2007 spending." And eMarketer expects spending to reach $25.7 billion in 2009, $28.5 billion in 2010, and ultimately $42 billion in 2013.
But the rough news still jumps out. Hardest hit is spending on display ads, the graphical variety that typically are used to promote brands, for which the growth rate estimate was cut from 16.9 percent to 3.9 percent. "Display is suffering because many of the vertical industries--such as auto and retail--that are key players for the format are slashing their ad budgets," eMarketer said.
The other major variety, textual ads placed next to search results, is expected to grow at 21.4 percent in 2008, its lowest level so far. Next year the search-ad growth rate should be at 14.9 percent, the company predicted, dropping to 10.4 percent in 2013.
The search-ad growth rate is still larger than the overall market, though.
Stephen Shankland covers Google, Yahoo, search, online advertising, portals, digital photography, and related subjects. He joined CNET News in 1998 and since then also has covered servers, supercomputing, open-source software, and science. E-mail Stephen.
- Topics:
-
Advertising and marketing
- Tags:
-
ads,
-
advertising,
-
search,
-
display ads,
-
forecast,
-
tech downturn
- Share:
- Digg
- Del.icio.us
Their coverage of this arena is laughable.
You have a website.
You send emails.
Why not multiply your sales-staff by ?wrapping? the regular email in an interactive letterhead?
No other marketing or advertising medium is as targeted as an email between people that know each other (as opposed to mass emails). These emails are always read and typically kept.