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GroupM revises ad spend growth estimate from 11.6% to 12.5%

Media buying agency GroupM has revised its estimates of annual advertising expenditure growth for 2014 to 12.5% from 11.6%, released earlier this year. This revision is part of the agency’s global report This Year, Next Year (TYNY) 2014, and indicates an improved sentiment in the Indian market, and increased expectation of advertising spends. The report also projects that India, along with Brazil and Russia, as the fastest growing ad markets in the world. According to GroupM’s annual advertising expenditure report, released in February 2014, digital contributed to 6.5% of the total media advertising expenditure in 2013, up from 5.5% in 2012. It also estimated that digital media advertising revenues will register a 35% year-on-year growth in 2014. Television: The new report estimates television ad spend will grow to 14.8%, up from 12% predicted earlier. Based on this, advertising revenues for 2014 will increase…

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