Local Online Ad Spend to Double by 2010: Kelsey

  |  November 8, 2006   |  Comments

Local search and online classifieds spending will expand globally from $15.7 billion in 2005 to $31.1 billion in 2010.

Market research firm The Kelsey Group has released its annual forecast predicting a worldwide increase in local search and online classifieds spending, as more and more advertisers target customers regionally

The forecast asserts the local search segment will grow from $3.4 billion in 2005 to $13 billion in 2010, with online classifieds growing from $12.3 billion to $18.1 billion. Overall local search and online classified spending will grow from $15.7 billion in 2005 to twice that, or $31.1 billion, in 2010.

It's all part of a marketing trend away from advertising on broad-based Web sites where marketers must attempt to be all things to all consumers, and toward targeting on location and vertical, according to Matt Booth, SVP and program director for interactive local media at the research firm.

"If you have the opportunity to advertise with someone that has a really robust vertical, that can discuss your industry's specific needs, then you have a good chance of capturing some of those dollars,” said Booth.


ClickZ Live Chicago Learn Digital Marketing Insights From Leading Brands!
ClickZ Live Chicago (Nov 3-6) will deliver over 50 sessions across 4 days and 10 individual tracks, including Data-Driven Marketing, Social, Mobile, Display, Search and Email. Check out the full agenda, or register and attend one of the best ClickZ events yet!

ABOUT THE AUTHOR

Matthew G. Nelson

COMMENTSCommenting policy

comments powered by Disqus

ClickZ Today is our #1 newsletter.
Get a daily dose of digital marketing.

COMMENTS

UPCOMING EVENTS

UPCOMING TRAINING

Featured White Papers

Google My Business Listings Demystified

Google My Business Listings Demystified
To help brands control how they appear online, Google has developed a new offering: Google My Business Locations. This whitepaper helps marketers understand how to use this powerful new tool.

5 Ways to Personalize Beyond the Subject Line

5 Ways to Personalize Beyond the Subject Line
82 percent of shoppers say they would buy more items from a brand if the emails they sent were more personalized. This white paper offer five tactics that will personalize your email beyond the subject line and drive real business growth.

WEBINARS

Resources

Jobs