Western Europe Ad Spending 2023

Digital Continues to Fuel Spend, With Traditional Advertising Being Left in Its Wake

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About This Report
Digital will help keep total media ad spending buoyant this year, just. A rebound is expected for 2024, with video advertising growing faster than any other format. Proportionally, though, video spend will remain relatively small in France and Germany.
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Report Snapshot

The economy in Western Europe is proving challenging for the ad industry, and a spending slowdown is expected this year. But digital will help keep the industry’s head above water. Search spending will remain strong in France and Germany, but the duopoly’s dominance is being tested.

Key Question: How important will digital become to advertisers in Western Europe through 2027?

KEY STAT: Despite a slight slowdown in digital ad spending growth this year, it will pull clear away from traditional spending. By 2026, digital spend will more than double traditional, and the gap will continue to increase.

authors

Bill Fisher

Contributors

Jasmin Ellis
Forecasting Analyst
Jennifer Merritt
Vice President, Content
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