80% of mobile ad market value has been created in the last five years

An overview of mobile advertising spend by format.

Of the $125.6bn spent on mobile ads in WARC’s key markets in 2018, almost four in five dollars have entered in the last five years. Mobile ad investment has grown at a compound annual rate (CAGR) of 48.6% since 2014, compared to 3.9% for all media. While mobile growth has eased over the period, it remained rapid at 27.6% in 2018.

Just under half (48.9%) of the total was assigned to paid search last year, with the majority of this $61.4bn going to Google. The world’s largest media owner accounted for 94.1% of all mobile search queries...

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