Brands Spent a Whopping $673B on Social Media Ads in Five Years
The Realtime Report
MAY 30, 2023
between 2023 and 2027, resulting in a market volume of $207.1bn. Over 80% of total ad spending this year, or $170.3bn, will be generated through mobile, up from $53.5bn five years ago. Moreover, total ad spending in the social media advertising market is projected to grow by a CAGR of 4.5%
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