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by Stephen Logan on 24th June 2010
2009 saw a 5.7% growth in UK online advertising spend, which takes it past both television and now print advertising investment.
Consolidating its position as the advertising medium of choice in the UK, £3.54 billion was spent by advertisers online. According to the latest figures from eMarketer, Internet spend increased by 5.7% year on year in 2009.
But the good news doesn’t stop there. eMarketer also predict that this figure will rise by a further 7% in 2010, bringing spending up to £3.79 billion. Having already overtaken more traditional advertising media, such as television (last year) and now print, the Internet is clearly the medium in the ascendency.
Always eager to capitalise on a growth opportunity, Google have also now announced a specific news service to cater for advertisers [see: Keep current on all things advertising | Google Agency Ad Solutions Blog]. Google Ad News provides targeted stories from the various advertising niches including display, direct and mobile advertising.
If you are an online advertiser or a blogger in the sector, Google have made it easier for you to track down then news in your sector. Of course you can also add this to your RSS feed and get the stories delivered directly to you.
So online advertising is booming. Whilst the figures vary from agency to agency, the general consensus is that the Internet is the place to be seen (see chart below). eMarketer estimate that 2011 will slow slightly, with just a 4.9% rise in ad spend. However, 2012 could see a bumper increase thanks to a convergence of events, not least the 2012 Olympics in London.
If you haven’t already joined the online revolution it is never too late. Whether you want to get involved in site sponsorship, multi-million pound multimedia campaigns or just some additional Paid Search to compliment SEO work, this is the time to start. The Internet is full of advertising opportunities, as evidenced by these latest figures.
Stephen Logan is our Senior Content Marketer at Koozai. With four years experience writing exclusively for the search engine marketing industry, he has amassed a wealth of industry related knowledge. He will be breaking news stories and contributing compelling SEO related stories.