India and Southeast Asia Ad Spending 2023

India Is the Ad Spending Growth Leader Globally, Thailand Leads in the Subregion

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About This Report
Growth of total media ad spend in Southeast Asia will remain elevated from its pre-pandemic levels, but digital ad spending will finally say farewell to double-digit growth this year. Meanwhile, India will top the worldwide ranking in both total media and digital ad spending growth.
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Report Snapshot

As digital transformation continues in Southeast Asia, one sector that has been slow to adopt is advertising. Digital will account for 35.3% of total ad spending in 2023—the lowest share globally—and edge to 40.4% in 2027. In that span, the proportion of digital ad spend in India will shoot up from 34.3% to 45.6%.

Key Question: What proportion of ad spending does digital account for in India and across Southeast Asian countries?

KEY STAT: Digital’s share of ad spending in Southeast Asia will reach only 35.3% of total ad spending in 2023, lagging far behind total Asia-Pacific.

authors

Man-Chung Cheung

Contributors

Brian Lau
Forecasting Analyst
Jennifer Merritt
Vice President, Content
Ruoyan Zeng
Associate Forecasting Analyst
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