Social Media Ad spend on fast track!

Social Media Marketing is set to show rapid growth, according to a recently published report from Forrester. According to the report, the overall ad spend in the US alone for 2009 will touch 25 Billion USD (which is around 12% of the overall ad spend) and grow to almost 55 Billion USD (21% of overall ad spend) by 2014.

Looking at the components of the interactive ad spend projected for 2009, Search Marketing takes the lion's share with around 15Billion USD, Display Advertising is next with around 8 Billion USD, then comes email marketing with a little over 1 Billion USD, followed by Social Media at around 700 Million USD and mobile marketing at 400 Million USD.

The interesting part of the report is the forecast made for the social media spend growth. It is projected to reach a little over 3 Billion USD, with a CAGR of 34%. Compare this with the growth projected for Search Marketing, which is projected to grow at a rate of 15%.

The two important points of the report are that Search will continue to lead interactive spend followed by display advertising and that owned social media assets (like internal blogs, community sites) are really the only emerging media getting traction in today's economic climate.

OK. So where do we get these numbers for India? The surprising thing is that there is a dearth of authentic numbers and statistics that can be used. My search for this source continues.... and if there be any out there who can shed some light on this, please do so. Thanks in advance.

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