Transaction: 0ff53047f4f6dec1bec13632413215df2169d697

Included in block 46,843,169 at 2020/09/13 20:07:15 (UTC).

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transaction_id 0ff53047f4f6dec1bec13632413215df2169d697
ref_block_num 50,447
block_num46,843,169
ref_block_prefix 167,397,407
expiration2020/09/13T20:17:09
transaction_num 15
extensions[]
signatures 1f01e24e274a51cd00ca5362631cf0a41aaca2bd62fe30f146a5c38317a068ee617aa71896aa687e8be62a095482eb9d2a3672c7766aa2c2877deda2eb027e5e32
operations
comment
"parent_author":"",<br>"parent_permlink":"media",<br>"author":"tutulsview",<br>"permlink":"continued-to-be-the-fastest-growing-media-platform",<br>"title":"Continued To Be The Fastest Growing Media Platform",<br>"body":"Advertising spend in India is expected to rise 11.4% to touch \u20b969,<br> 690 crore in 2019,<br> according to an estimate by Dentsu Aegis Network (DAN). This is higher than DAN\u2019s January estimate of 10.6%,<br> and the growth of 10.8% in 2018.\n\nThe growth in ad spend in 2019 can largely be attributed to key events such as the recently concluded Lok Sabha elections and the ongoing ICC World Cup.\n\nDigital continues to be the fastest growing media platform in the country. Dentsu has forecast that advertising expenditure on the platform is expected to grow 32.7% in 2019 to \u20b914,<br>410 crore,<br> accounting for 21% of total ad spend. Availability of cheaper smartphones and affordable data has been propelling the growth in the digital consumption. Mobile is the fastest growing digital platform with increasing consumption of video-on-mobile through platforms such as Instagram Stories,<br> Tiktok,<br> Snapchat,<br> YouTube,<br> and video-on-demand (VOD).\n\nDespite the growth in the digital medium,<br> television continues to be the dominant media platform in India contributing 39% to the total spend on ads. The medium is expected to grow 9.5% to \u20b927,<br>140 crore. However,<br> the share of television advertisements in the overall advertising expenditure is expected to witness a decline from 39.6% to a projected 37.9% in 2020.\n\nDigital,<br> on the other hand,<br> is expected to continue growing and could overtake newsprint by 2020.\n\n\u201cIndia is at the cusp of a major change. We are,<br> as of today,<br> seeing significant churn in the media consumption habits which is therefore driving change in the ad spends. With the expansion on online video via mobile devices,<br> the role of television is changing and entertainment at one\u2019s own pace is becoming the norm. This is driving media owners to relook at their product and distribution strategies,<br>\" said Kartik Iyer,<br> president,<br> media brands and media investment arm Amplifi,<br> at Dentsu Aegis Network India.\n\nDentsu has projected a slight decline in global advertising expenditure which will grow at 3.6% in 2019,<br> following a 4.3% increase in 2018,<br> taking the total investment to $609.9 billion. Globally,<br> digital continues to power ad spend growth and is forecast to grow at 11.5% in 2019 to $249.7 billion,<br> accounting for 41.8% of global advertising share. 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