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Australian Internet Advertising Sees 11.1% YoY Growth

Australian Internet Advertising Sees 11.1% YoY Growth

Martechvibe25-02-2025
Retail continued to lead in display advertising spend, commanding a 17.1% share in 2024.
The Australian internet advertising market has grown 11.1% year-on-year to reach $16.4b spend for the full calendar year 2024 according to the IAB Australia Internet Advertising Revenue Report (IARR) which was released recently.
The report, prepared in collaboration with PwC Australia, reveals significant growth in digital advertising investment, with video leading the charge. Video ad spend surged by 19.6% year over year, reaching $4.5 billion in 2024.
Search and directories saw a 10.1% increase, totaling $7.2b, while classifieds grew by 8.3% to $2.6b. Display advertising (excluding video) experienced modest growth of 1.7%, reaching $2b, while audio advertising recorded a strong 17.8% increase, totaling $313m.
All video formats saw double-digit growth throughout 2024, with social platform video now accounting for more than one-third of total video ad spend—surpassing BVOD and other video formats. A key driver of this surge was increased investment tied to the Olympic Games in Q3.
Connected TV remained the dominant format for content publishers' video inventory, capturing 51% of total expenditure for the calendar year—a record high—while mobile and desktop investment declined.
The breakdown of content publishers' display inventory purchasing remained stable, with agency-driven internet advertising via insertion order holding at 44%, client direct buying at 17%, and programmatic purchases at 39%.
Retail continued to lead in display advertising spend, commanding a 17.1% share in 2024. The automotive sector sustained its post-COVID recovery, rising to 14.8%, while finance rounded out the top three, slightly dipping to 8%.
Gai Le Roy, CEO of IAB Australia, commented, 'After a modest growth rate of 3.7% in 2023, the digital advertising market again achieved double digit growth in 2024 sustained by an ever-increasing range of ad formats and environments, as well as spend from the SME market right through to the big end of town. As always growth is mixed across the market, and it is tougher for those content publishers who do not have significant video inventory and are relying on standard display inventory.'
The Martechvibe team works with a staff of in-house writers and industry experts.
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Powered by IBM Consulting, IBM iX offers a composable DXP, providing a comprehensive solution to make enterprises' systems future-ready. Utilising its data-driven insights and intelligent workflows, marketers can design and deliver human-centred experiences across the customer lifecycle.
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HCL Digital Experience (DX), forms part of a wider HCL Customer Experience (CX) product portfolio, offering core capabilities such as content management, DAM, CDP called Signals, and low-code application development. It provides services in government, life sciences, insurance, financial services, and other verticals.
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Contentstack is a headless CMS and Composable Digital Experience Platform (DXP) solution provider that helps marketers gain a competitive edge. It recently launched into Google Cloud Marketplace, and is also available on Microsoft Azure and AWS. It seamlessly enables mid-market brands to adopt its omnichannel campaign engine to drive higher conversions and sales.
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Bloomreach Commerce Experience Cloud provides businesses an edge with its modular capabilities: Content Management System (CMS), Discovery features for search and merchandising optimisation, and Engagement tools such as Customer Data Platforms (CDP) for personalisation and analytics.
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Adobe Experience Cloud offers a comprehensive set of services specifically designed to address the day-to-day requirements for personalised customer experience at scale. Its platform helps manage different digital content and assets to improve customer satisfaction. Some of its products include Adobe Gen Studio, Experience Manager Sites, Real-time CDP, and Marketo Engage.
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India, China to resume direct flights in sign of closer ties
India, China to resume direct flights in sign of closer ties

Gulf Today

time6 hours ago

  • Gulf Today

India, China to resume direct flights in sign of closer ties

India and China are set to resume direct flight connections as soon as next month, people familiar with the negotiations said, as the world's two most populous countries seek to reset their political ties. Airlines in India have been asked by the government to prepare flights to China at short notice, with a possible official announcement as soon as the Shanghai Cooperation Organisation summit at the end of August in China, said the people, asking not to be identified because the negotiations are ongoing. Passenger flights between India and China were suspended after the Covid-19 pandemic, forcing travelers from the two neighboring countries to pass through hubs like through Hong Kong or Singapore. The renewed push to rebuild a direct link comes at a time when India's relations with the US have come under considerable strain, after US President Donald Trump doubled tariffs on Indian goods to 50% as a penalty for its purchases of Russian oil. On Monday, Air India announced it would suspend its direct link to Washington, DC, next month, citing 'operational factors' as the reason. The carrier still flies to New York and San Francisco. Diplomatic ties between the two Asian heavyweights hit a low point in 2020, when border clashes left 20 Indian fighters and an unknown number of Chinese soldiers dead. India recently allowed tourist visas for Chinese nationals after years of curbs. Prime Minister Narendra Modi will attend the SCO summit in Tianjin starting Aug. 31, where he may meet Chinese President Xi Jinping. India's aviation ministry, the Directorate General of Civil Aviation, and the country's press information bureau did not respond to requests for comment. The exact timing of any flight resumption remains fluid, and talks might still hit a snag, the people cautioned. Before the suspension, Indian carriers including Air India and IndiGo, as well as Chinese airlines such as Air China, China Southern and China Eastern ran services between key cities of the two countries. A resumption is likely to see both Air India and IndiGo restarting flights to China, the people said. Air India and IndiGo did not respond to emails seeking comment. India and China had first agreed in January to resume direct flights, before relations between the two countries cooled again amid India's limited war with Pakistan. The two countries then announced a takeup of direct connections once more in June, though without any visible progress. Plans to rebuild direct links only gained pace in the past two weeks, and the airlines involved have also been informed about the proposal, the people said. The number of direct flights between the US and China has dwindled by nearly three-quarters since 2019 to a scheduled 9,726 this year, based on data from Cirium. Airlines plan to offer just more than 3 million seats on such flights in 2025, up 15% from 2024 levels. In July, Chinese Foreign Minister Wang Yi said that Beijing and New Delhi should work towards mutual trust and "win-win" cooperation, after talks with his Indian counterpart Subrahmanyam Jaishankar, state news agency Xinhua reported. China and India should "adhere to the direction of good-neighborliness and friendship" and "find a way for mutual respect and trust, peaceful coexistence, common development and win-win cooperation", Wang said, according to Xinhua. The two foreign ministers met in Beijing as the two rivals seek to repair ties following a 2020 clash on their border. The world's two most populous nations are intense rivals competing for strategic influence across South Asia, and their 3,500-kilometre (2,200-mile) frontier has been a perennial source of tension. India's Prime Minister Narendra Modi and China's President Xi Jinping met for the first time in five years later that month, agreeing to work on improving relations. New Delhi is concerned over Beijing's increasing presence in the Indian Ocean, seeing the region as firmly within its sphere of influence. Another source of tension is the Dalai Lama, the Tibetan spiritual leader India has hosted since he and thousands of other Tibetans fled Chinese troops who crushed an uprising in their capital Lhasa in 1959. The 90-year-old Dalai Lama says only his India-based organisation has the right to identify his eventual successor. China insists that it would have final say on who succeeds the Tibetan spiritual leader. Agencies

Why companies born, raised in California are leaving state
Why companies born, raised in California are leaving state

Gulf Today

time6 hours ago

  • Gulf Today

Why companies born, raised in California are leaving state

Piper Heath and Caroline Petrow-Cohen, Tribune News Service Last month, billionaire In-N-Out owner Lynsi Snyder announced her move from California to Tennessee, where she plans to open new restaurants and continue raising her family. It's a dramatic shift for the leader of the beloved West Coast brand, which has become the latest company to signal its dissatisfaction with California in recent years. And she didn't mince words in explaining her decision. 'There's a lot of great things about California, but raising a family is not easy here. Doing business is not easy here,' Snyder said during a recent appearance on the 'Relatable' podcast, hosted by conservative commentator Allie Beth Stuckey. In-N-Out's headquarters will remain in California, but the company is consolidating its operations in the state and opening a regional headquarters in Franklin, Tenn. Other high-profile companies have more formally exited the state. Tesla moved its headquarters out of Palo Alto in 2021, the same year that financial services firm Charles Schwab relocated from San Francisco to north Texas. Elon Musk moved the head offices of his other companies — SpaceX and X — to Texas last year, as did Chevron, the oil giant that was started in California. The departures have contributed to a narrative pushed by some media and politicians that the state's economy is in trouble and is unfriendly to businesses. Conservative commentator and Silicon Valley entrepreneur Steve Hilton, who announced his bid for California governor this year, recently wrote on social media that the state has the 'highest rate of poverty, highest housing costs' and the 'most hostile business environment in the country.' Experts and economists interviewed by The Times paint a more nuanced picture. Although California's steep taxes and stringent environmental regulations have pushed some firms to leave, the state remains the fourth- largest economy in the world, boasts a diverse pool of talent and is a hub of technological innovation, they said. 'The popular media narratives have characterized California as one-dimensional,' said William Riggs, a professor at the University of San Francisco School of Management. 'We continue to be a magnet for investment in tech, biotech, entertainment and green energy, as well as being an agricultural hotbed for the planet.' The artificial intelligence boom has new companies flocking to Silicon Valley, Riggs said, leading to the highest rate of corporate office leases in San Francisco since before the COVID-19 pandemic. The corporate departures, although generating significant media attention, represent adjustments to California's$4.1-trillion economy rather than signs of systemic decline. 'It's being overhyped,' Christopher Thornberg of Beacon Economics said of the purported mass exodus of companies. 'California is a big, competitive economy. We've got lots of great stuff here.' To be sure, the state is facing some serious challenges that could threaten its competitive perch if they are not addressed. In fact, California has been losing more companies than it's been gaining since 2014, according to the Bureau of Labor Statistics. The net out-migration of firms from California peaked in 2022 at 741 firms, after economic disruptions and strict regulations related to the pandemic. In 2023, the net out-migration was 533, meaning that 533 more companies left the state than entered. California has ranked among the top three states with the highest rates of firm out-migration since 2015. One persistent complaint: Corporate executives have cited California's tax burden as a driver of their decisions to relocate. The state taxes its highest earners at 13.3% on their regular income, and unlike most states, applies the same rate to profits from the sale of investments or business assets. Joe Lonsdale, the Palantir co-founder who moved his venture capital firm, 8VC, from the Bay Area to Austin, Texas, in 2020, partly framed his decision around California's high taxes. 'I could either put that money toward things that are fixing the world, or give it to the California state government,' he said. Companies also face California's complex regulatory environment, with authorities governing matters including environmental standards and workplace safety. Many businesses must navigate multiple layers of licensing, labor and compliance requirements. 'When businesses complain about dealing with regulations in California, they're not kidding,' said Kevin Klowden, executive director of the Milken Institute. 'There are lots of overlapping authorities and a lot of businesses find it really hard to operate.' Before fast-food chain Carl's Jr. announced it was relocating its California headquarters to Tennessee in 2016, then-Chief Executive Andrew Puzder said it takes about five times as long to open a new location in California than it would in Texas or other states. According to Klowden, states including Florida and Texas attempt to attract businesses from California with lower tax rates, fewer regulations and other incentives. In June of this year, Texas Gov. Greg Abbott awarded hair-care brand John Paul Mitchell Systems $640,000 in grant funds to support the company's expansion into Dallas County. 'Texas is the headquarters of headquarters,' Abbott bragged at the time. In 2021, Florida topped the list of states with the highest net firm migration, followed by North Carolina, Nevada and Texas. When firms move their headquarters out of California, it doesn't mean they're eliminating all business operations in the state, said Thornberg, a founding partner of Beacon Economics.

AI and data are reshaping Africa's retail sector
AI and data are reshaping Africa's retail sector

Zawya

time10 hours ago

  • Zawya

AI and data are reshaping Africa's retail sector

The African retail landscape is under immense pressure. Consumers are more digitally savvy and price-conscious than ever, and expect brands to offer convenience, personalisation, and value. About half of consumers will switch brands if their expectations are unmet, compelling retailers to continuously innovate and improve. Industry growth is tapering down across several African markets. South Africa's real retail growth has declined in recent years, constrained by economic stagnation and inflation. In East Africa, while GDP growth remains relatively strong, formal retail continues to be constrained by infrastructure gaps and logistical inefficiencies. In response, retailers across the continent are scaling their technology investments to boost competitiveness in an increasingly digital and data-driven industry. According to Gartner, African retailers are projected to invest $300m in cloud-based enterprise applications in 2025, with an expected growth of 10-12% over the next three years And yet, many still struggle to translate these investments into meaningful business outcomes. The triple disconnect holding retailers back 1. Fragmented systems, broken processes undermine scalability Despite deploying multiple best-of-breed applications and investing in a data lake to centralise data, many retailers fail to achieve differentiated customer engagement, real-time visibility and reliability in their operations. Typical constraints include disconnected systems, a lack of business context within data sets, and AI bolted-on instead being embedded within operational workflows. A pervasive industry pain point is the disconnected customer journeys caused by fragmented systems and broken processes. To illustrate: a customer may browse a product online, call the nearest store to check stock availability, visit in person and still find a different price to what was listed online. Or they may purchase the product online but be unable to return the product instore due to a disconnect between online and physical store data. This is caused when customer data, inventory, pricing, and orders are not synchronised across channels. And it's not just limited to customer experience - these fragmented processes are widespread across retail operations, often leading to operational inefficiencies and higher costs. At the root of this problem is a disconnected application landscape. In fact, 66% of organisations say application sprawl and complexity hinder their digital goals, resulting in process inefficiencies and a lack of reliability in retail operations. 2. Data is an opportunity, but a challenge too African retailers are sitting on mountains of data spanning point-of-sale systems, loyalty platforms, mobile apps, and third-party sources. But is this high volume, variety, and velocity of data being leveraged effectively to drive business outcomes? Unfortunately, the answer is no. Around 55% of business leaders cite poor data quality and fragmentation as the biggest obstacles to making data-driven decisions. Moreover, a disproportionate amount of time is spent on data management and building dashboards as against decision-making, underscoring the urgent need for more efficient processes. 3. AI without a solid foundation doesn't scale While there's palpable excitement in boardrooms over the potential and power of AI, execution remains limited. One study found that nearly three-quarters of organisations are struggling to scale AI projects beyond pilot projects. African retailers face even greater challenges, including poor-quality data, outdated IT infrastructure, and a lack of AI-ready processes. The result is AI initiatives that turn into isolated experiments that fail to deliver any meaningful ROI. Instead, retailers need to leverage a unified data platform that embeds AI directly into their business processes to scale AI initiatives effectively. The power of a unifying platform Leading retailers leverage a comprehensive, connected, and industry-specific suite of applications to confidently execute across their value chain. This helps ensure a consistent and reliable customer experience, minimising stock-outs, enabling fast, on-time delivery and delivering a seamless omni-channel journey. This reliability extends across store operations, finance, and support processes. The SAP Business Suite, for example, enables this efficiency through automation, actionable insights, and process optimisation, while the SAP Business Data Cloud provides seamless access to organisational data. Retailers also benefit from deep industry expertise and global context that helps them identify the correct application mix for integrating, harmonising and transforming business data across various applications. This also provides the foundation to scale AI effectively across retail operations through unified, context-rich data that brings together sales, inventory, promotional, customer behaviour and other data. By connecting end-to-end processes, retailers can also embed AI and enable seamless cross-functional workflows while leveraging innovations from a rich ecosystem of partnerships. Retailers leveraging SAP's connected platform and AI capabilities report a 20-30% reduction in customer churn, 30-50% fewer stockout, an up to 40% increase in workforce productivity and 20-30% reduction in IT spend. Realising Africa's data-rich, AI-powered retail future requires bold steps to shift beyond legacy systems and redefine operations. By utilising a powerful business suite, retailers can unlock new end-to-end capabilities that bring together applications, data and AI for unrivalled competitiveness. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (

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