Commerce Media Ad Spending Forecast Report 2025

A New Generation of Frenemies Joins a Rapidly Evolving Ecosystem

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About This Report
Led by retail media, commerce media is well on its way to becoming an essential component of many advertisers’ media budgets. But a rapidly diversifying field of competitors will change how advertisers approach the channel.
Table of Contents

Companies across multiple industries are launching media networks in search of a high-margin stream of incremental revenues. That will transform how retailers, financial services providers, and other businesses interact with consumers. By 2029, commerce media will represent close to a quarter of advertisers’ digital media budgets in the US.

Key Question: What will drive US commerce media ad spending to—and past—the $100 billion mark?

Key Stat: Commerce media ad spending in the US will rise to $118.44 billion in 2029, per our forecast.

This report can help you:

  • Develop media strategy and allocate budgets for campaigns (brands and agencies)
  • Develop commerce strategy (brands)
  • Develop go-to-market strategy (solutions providers and media platforms)

authors

Max Willens

Contributors

Oscar Bruce Jr.
Director, Forecasting
Rahul Chadha
Director, Report Editing
Sarah Marzano
Principal Analyst, Retail Media
Naomi Rebuelta
Copy Editor
Matt Torpey
Senior Chart Editor
Yoram Wurmser
Principal Analyst
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