Digital spend to beat print advertising this year: Outsell

Share this article:

Companies will spend more on digital and online marketing than print advertising for the first time in 2010, according to projections from Outsell, a research and advisory firm for publishing and information companies.

Outsell expects companies to spend $119.6 billion on online and digital marketing, while allocating $111.5 billion on print marketing this year, according to the company's “Marketing and Ad Spending Study 2010: Total US and B2B Advertising.”

The advisory firm, which surveyed more than 1,000 recipients last December, predicted total US advertising and marketing spending will increase 1.2% in 2010 to $368 billion.

Print magazine advertising will increase 1.9% this year to $9.4 billion, despite being overtaken by Web-based channels, according to the survey.

The study also revealed that business-to-business advertisers view cross-media marketing as their most effective strategy, with 78% combining three or more major marketing methods in their campaigns. Meanwhile, more than half of respondents (51%) rated Facebook as extremely or somewhat effective, while 45% said the same of LinkedIn. More than one-third (35%) felt that way about Twitter, and one-quarter (25%) said MySpace was extremely or somewhat effective.

Late last year, ZenithOptimedia predicted 0.9% growth in ad spending to nearly $448 billion this year, while GroupM forecasted 0.8% growth to $448 billion. Magna Global said global advertising would increase 6% to $380 billion in 2010. All three said that Internet advertising would lead other categories in growth.

Industry group The CMO Club and Bazaarvoice, a social commerce vendor, found last year that eight in 10 respondents to a study expected to link up to 10% of their annual advertising spend to social media.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

Customer Centricity Is Spurring Marketing-Tech Investments

Customer Centricity Is Spurring Marketing-Tech Investments

A majority of marketers rank customer satisfaction improvements as paramount in the technology investment decisions.

Big, Bold Moves in the C-Suite

Big, Bold Moves in the C-Suite ...

JCPenney appoints Home Depot's Marvin Ellison as CEO; Harte Hanks and JWT add hitting power to their C-level benches

Campaign Comes to the States

Campaign Comes to the States

DMN's UK-based sister publication launches Campaign US