The US advertising market will grow 4.3% to $305.3bn in 2023, slightly behind China, according to WARC’s latest regional advertising spend forecast. After a difficult 2022, China’s ad market is expected to achieve 5% growth, led by investment in social media.
With a 12% year-on-year growth, search – forecasted to collect $99.5bn in 2023 – will continue its position as the channel with the highest ad spend in the US. Search took over linear TV by 2020, snatching $7.1bn additional ad dollars. This year, Googleis expected to draw two-thirds of forecasted global ad spend on...