Product ID: SQMIG45F2038
Global Cloud Advertising Market Size, Share, Growth Analysis, By Service Type(Infrastructure as a Service (IaaS), Software as a Service (SaaS)), By User Group(SMEs, Large Enterprises), By Deployment Model(Public Cloud, Private Cloud), By End-User(BFSI, Government) - Industry Forecast 2024-2031
Report ID:
SQMIG45F2038 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
118 |
Figures:
77
Global Cloud Advertising Market Dynamics
Cloud Advertising Market Driver
- Technological advancements on the internet, combined with its increasing commercial application and the rapid growth in the number of internet users worldwide, have not only shaped the evolution of cloud advertising through various forms of digital advertising, but have also improved advertising business models, and Cloud Advertising Market levels, and players. These factors are going to drive the cloud advertisement Cloud Advertising Market over the forecast year.
- The market's key driving forces are the rising number of smartphone users, high internet penetration, and growing use of digital media are expected to increase the number of online users globally, opening new growth opportunities for the cloud advertising market over the forecast period. As more and more things become digitalized and smartphone users gain access to high-speed internet, the consumption of digital content has increased, which is expected to create more lucrative opportunities for key Cloud Advertising Market players.
- Around 1.8 billion people worldwide are thought to have made online purchases in 2018. Traditional retailers and business organizations are increasingly requesting to operate their operations on the expanding e-commerce platforms like Amazon, Walmart, Alibaba, Flipkart, and others, creating competition for outstanding product sales and a surge in online advertising for better product promotion.
- Businesses use a variety of advertisements to entice customers and boost product sales in the era of digital advertising. Due to their higher return on investment and favorable consumer response, contextual advertisements have experienced the fastest growth among all of these advertisement formats among advertisers.
Cloud Advertising Market Restraint
- The growing demand for digital advertising is driving up the demand for cloud advertising, and this increased demand is expected to expand data collection from users through a variety of channels. Furthermore, regulatory bodies have framed several policies and regulations to facilitate a high level of security in cloud advertising. However, such regulations and norms serve as important safety measures that are rigid, potentially impeding the growth of the cloud advertising market.
- Systems for cloud advertising rely on internet connectivity. The biggest barrier to users accessing the services can be a server downtime activity. Additionally, internet outages pose a threat to the world economy. For instance, according to the Indian Council for Research on International Economic Relations, a 16315-hour internet outage in India from 2012 to 2017 cost the country's economy $3.04 billion (ICRIER). During the forecast period, all of these elements are anticipated to hinder market growth.
Global Cloud Advertising Market Report Snapshots
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