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Australia's Online General Advertising Market Worth A$568 Million in 2010 Predicts Frost & Sullivan - A return to optimism sees less focus on performance-based advertising and more interest in online video advertising
Australia's Online General Advertising Market Worth A$568 Million in 2010 Predicts Frost & Sullivan

 

NewswireToday - /newswire/ - Sydney, Australia, 2010/10/12 - A return to optimism sees less focus on performance-based advertising and more interest in online video advertising.

   
 
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Australia's online general advertising market grew in 2010 for the fifth year running, increasing by 11 percent to reach a value of A$568 million. Major publishers continued to account for the lion's share of the market, claiming 61 percent of total revenues, down just one percentage point on the previous year. The market appears to have regained its pre-Global Financial Crisis optimism with significantly fewer survey respondents indicating a decrease in their online general budgets when compared to 2009 (eight percent in 2010 compared to 21 percent last year).

These are among the key findings released today in Frost & Sullivan's Australian Online General and Mobile Advertising Market 2010, an examination of online advertising trends in Australia. The study is based on more than 30 in-depth interviews with representatives of publishing organisations, advertising network brokers and media agencies, as well as a survey of 240 senior management level executives with control or insight into their organisation's marketing budget and strategy.

During the economic downturn, performance-based display advertising (CPC/CPA) was often seen as an "easy sell", offering buyers both a cheaper option and the added security of a measurable return. With the economic pressure easing in 2010, there was a strong swing back towards cost per thousand (CPM) based brand advertising, although CPC/CPA based advertising still showed solid growth.

Online Video Advertising
One of the major themes to appear in this year's study is online video advertising. Better technology and graphics, as well as improved broadband speeds and bandwidth are aiding uptake of online video usage amongst consumers. This helped to drive strong demand in 2010 for online video advertising opportunities, resulting in an acute shortage of inventory with the online video spots offered by major publishers selling out very quickly.

Despite this increase in interest, the report notes that growth is coming off a relatively small base and there are still a number of factors holding back growth in this sector. These include a lack of quantity and variety of long-form content, such as a wide range of television shows available on broadcast television, and lack of access to bandwidth speeds suitable for real-time viewing of long-form content.

Online General Advertising Outlook
Just over half of all participants (52 percent) stated they plan to increase their 2011 online general advertising budgets, while 38 percent intend to increase search advertising budgets. These relatively high figures are a further indication of improved confidence in market conditions and point to the prospect of strong growth in the market in 2011.

Frost & Sullivan predicts that the value of Australia online general advertising market will increase to A$877 million in 2015, at a compound annual growth rate (CAGR) of 9.1 percent. Growth rates are projected to decrease gradually as the market reaches a more advanced state of maturity. Market growth will be particularly strong for online video advertising over the next five years and this segment is expected to outperform all other major segments.

Phil Harpur, Senior Research Manager, ICT Practice, Frost & Sullivan, said, "2010 was a strong year for online advertising with the market returning to form. In the next few years, online video advertising is going to be an important force but some of its heat will dissipate as more inventory comes onto the market. In the traditional areas of online display, EDM [electronic direct marketing] and e-newsletters, and integrated site content, growth should remain strong in the short term. However, market maturity will eventually see revenues gradually declining."

Mobile Advertising
Australia's mobile advertising market remains at a relatively nascent stage of development with mobile advertising campaigns typically being undertaken by larger advertisers and brands. Total revenues in this sector, excluding spending on application builds and Bluetooth services, reached A$9.1 million in 2010, representing an increase of approximately 18 percent. Frost & Sullivan forecasts strong growth for the sector over the next five years with the market forecast to reach A$76 million by 2015, with a CAGR from 2010 to 2015 of 46 percent.

The report notes that the main inhibitors to growth in mobile advertising include the need to reach a critical mass of smartphones; lack of rich media functionality; lack of locally available mobile optimised sites; and immaturity in mobile targeting ad serving functionality.

Social Media
The study found that social networking is increasingly being viewed as a long term strategic asset, unlike traditional media which are often viewed more as short term campaign based activities. The audience reach is significantly higher and potentially thousands of consumers can be reached with one online message.

The Frost & Sullivan survey revealed that more than half of Australian companies (53 percent) indicated that they had integrated social media applications into their online advertising during the past twelve months through activities such as the inclusion of a social media button or link to e-newsletters; broadcasting blog entries to email lists, and adding sign-up forms on social media sites.

The report suggests that social media is likely to be used as a complementary channel to traditional advertising and marketing channels. For example, email is still viewed as the number one tool to efficiently reach a target market and it can be complemented by social media to expand the target market dramatically.

Frost & Sullivan's Australian Online General and Mobile Advertising Market 2010 forms part of the Frost & Sullivan Australian Digital Media program. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews with the press are available.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

 
 
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Australia's Online General Advertising Market Worth A$568 Million in 2010 Predicts Frost & Sullivan

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