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Taiwan Online Advertising Market Would be Driven by Continued Growth in the Number of Social Media Users and Increasing Penetration of Smartphones: Ken ResearchGURUGRAM, India, Sept. 18, 2019 /PRNewswire/ --
Taiwan online advertisement market is estimated to grow at a positive double digit CAGR during the forecast period 2019-2023. Expenditure on online advertising by major companies is further expected to increase due to improvement in business environment and growing market for start-ups. The E-commerce market in Taiwan is also expected to rise thus, giving the companies another platform to reach out to their target customers. Apart from that, the government of Taiwan is also working towards improving the internet infrastructure and promoting mobile payments in the country which is further anticipated to give a boost to this market in Taiwan. The E-commerce market in Taiwan has grown at a rapid pace over the past few years, with a market size of USD 42.7 billion in 2017. Furthermore, it is predicted that the country's online retail platforms will eventually overtake sales in physical retail stores therefore, accounting for over half of the multi-billion-dollar retail sector. Taiwan has an efficient internet infrastructure with the internet speed being recorded at 20.79 Mbps which is 11th fastest in global terms, even much faster than the US and most of its Southeast compatriots. This has made the experience of using social media smoother, thereby resulting in more number of people preferring internet over other mediums. Also, Taiwan has a population of around 24 million residents out of which 20.8 million users are internet users and 21 million are active social media users as of 2018. The country has an exceptionally high internet penetration rate of 88% which gives a major impetus to the online advertisement space and it is further expected to rise in the near future. New advertising technologies such as programmatic advertisements, more effective targeting strategies, introduction of automated tools to increase the view-ability of the ad by publishers, better utilization of ad space inventory will be some of the key drivers which will aid the online advertisement market in Taiwan to grow over the forecasted period. The advertisers have started preferring dynamic targeting which helps to improve the impact of online advertising. The expenditure on online advertising by the companies is expected to increase due to the improvement in business environment and growing market for start-ups. The government policies are supporting start-ups and initiatives which aim to integrate small businesses into the digital economy that will improve the prospects of Taiwan online advertisement market. The concept of automated advertising platforms could help advertisers in saving time and resources by helping them to manage countless ad campaigns. The automated platforms uses data to bid on ad space, detects which ads are doing better and putting in more bids for the ones that result in more conversions. New emerging players or start ups need to invest in automation so as to reach the derived ROI. Analysts at Ken Research in their latest publication "Taiwan Online Advertisement Outlook To 2023 – By Medium (Desktop and Mobile), Type (Display, Video, Search, Buzz / Content and Others), Further Segmentation by Medium (Desktop and Mobile), By Sectors (FMCG, Healthcare, Entertainment & Media, BFSI, E-Commerce and Others), and By Cost Model (CPC, CPM and CPA)" believe that rising E-commerce sector, new advertising technologies, growth of start-ups and supportive government policies are going to drive the Taiwan online market space in the future. The market is expected to register a double digit positive CAGR of 17% in terms of advertisement expenditure during the forecast period of 2018–2023E. Key Segments Covered:
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For more information on the market research report please refer to the link below: Other Related Reports: The report covers online advertising spent, market segmentation by medium of advertising (desktop and mobile), by type of advertising (search advertising, social advertising, video advertising, banner advertising, online classifieds and others), by sectors (FMCG, Entertainment & Media, BFSI, automotive, E-commerce/Retail, Healthcare and others), by models (Cost per Mile, Cost per Click and Cost per Action). The report also covers emerging growth drivers and trends, issues and challenges; customer pain points and decision making parameters and competitive landscape of players in the market with special focus on Omnicom, IPG Medibrands, Publicis, Dentsu, Group M and others. The report also explores the digital customer profile in Malaysia, future outlook & projections along with analyst recommendation & macroeconomic variables highlighting the major opportunities & cautions to the reader. The report covers online advertising spent along with market segmentation by medium of advertising (desktop and mobile), by type of advertising (search advertising, social advertising, video advertising, banner advertising, online classifieds and others), by sectors (FMCG, entertainment & media, banking, automotive, retail, healthcare and others), by models (cost per mile, cost per click and cost per action). The report also covers growth drivers and trends; issues and challenges; customer pain points and decision making parameters and competitive landscape of players in the market with special focus on Carbon Interactive, Happy Marketer, First Page Pte ltd, Hashmeta Pte ltd, Media One, Clickr Media, One9ninety Pte Ltd, Construct Digital, Disruptive Digital and others. The report also explores the digital customer profile in Singapore, future outlook & projections along with analyst recommendation highlighting the major opportunities & cautions to the reader. The report provides information on overview of the online advertising market in Vietnam, Vietnam online advertising spending overview from 2013 to 2023 , Vietnam online advertising market segmentation By Medium (Desktop and Mobile), By Types of Advertising (Banner, Video, Search, Social Media and Online Classifieds & Others), By Sectors/Industries (FMCG, Healthcare, Entertainment & Media, Retail & E-Commerce, Automotive, BFSI and Others) and by Pricing Models (Cost per Mile (CPM), Cost per Click (CPC) & Cost per Action (CPA). The report also covers competition landscape, trends and developments, issues and challenges, value chain analysis and government regulations pertaining to the online advertising market in Vietnam. The report concludes with future outlook and certain recommendations highlighting the success factors for entering and expanding in the market. The report provides a comprehensive analysis of digital advertising market in Indonesia. The report covers market size, segmentation on the basis of medium, type, sectors and pricing model of online advertising. The report also covers market in different aspects such as developing trends in the market, market share of major advertising platform and company profiles for major online advertising agencies and publishers in Indonesia online advertising market. The report provides detailed overview on future outlook & projections with analyst recommendations for the industry. The report provides a comprehensive analysis of Russian Online Advertising market including market introduction, market ecosystem, value chain, market size and market segmentation. The report also covers emerging growth drivers and trends; issues and challenges; decision making parameters; competitive landscape of major players, future industry analysis, upcoming business models, government regulations and analyst recommendations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions Russia online advertisement market is currently placed in growth stage with strong possibility for further development at a faster pace with positive trends expected in the industry. Moreover, the market has witnessed a strong growth in the past six years owing to growth in the number of internet and mobile users, rising trends of social media use, growth in e-commerce market, surge in programmatic advertisements, new metrics development, growth in Smartphone market, and launch of various innovative products by various publishers. The online advertising expenditure witnessed by online advertising market in Russia registered a positive double digit CAGR of around 20.7% during the period 2012-2018. The report covers online advertising spent along with market segmentation by medium of advertising (desktop and mobile), by type of advertising (search advertising, social advertising, video advertising, banner advertising, online classifieds and others), by sectors (Hospitality & Tourism, FMCG, BFSI, Telecommunications, Healthcare, Automotive, Retail and others), by models (cost per mile, cost per click and cost per action). The report also covers growth drivers and trends; issues and challenges; customer pain points and decision making parameters and competitive landscape of players in the market with special focus on Al Nahda Advertising Co LLC, Arab House Bullseye Marketing LLC, Creative Communications Advertising and Marketing LLC, Fortune Promoseven Advertising, Havas Worldwide Muscat, Oman Advertising Agency LLC, Pargon, Talks International LLC, UMS Advertising and others. The report also explores the digital customer profile in Oman, future outlook & projections along with analyst recommendation highlighting the major opportunities & cautions to the reader Contact Us: Logo: https://mma.prnewswire.com/media/661352/Ken_Research_Logo.jpg |