Witness Google’s and Facebook’s insane digital ad dominance in these two charts
A good way to contextualize how concentrated the digital advertising market has become is by looking up past projections. Take this eMarketer headline from 2015: “Facebook and Twitter Will Take 33% Share of U.S. Digital Display Market by 2017.” Crazy, right?
Back then, the digital ad market was much more diversified, with a number of tech players making up the market share. Today, things are very different than those projections implied they would be. Recent eMarketer numbers show that Google and Facebook make up more than 60% of the U.S. digital advertising market. They brought in $35 billion and $17.37 billion, respectively.
Yet in a March 2015 report, Google was poised to make only $3.52 billion and Facebook a mere $6.82 billion. Meanwhile, other players–Twitter, Yahoo, and Amazon–were thought to be growing their ad market share, too.
That didn’t happen. In fact, Yahoo and AOL merged, as did Microsoft and LinkedIn, as a way to continue to fight the growing duopoly of Facebook and Google. Even after the mergers, the companies still represent a tiny portion of the digital ad market compared to the Facebook/Google juggernauts. As for Twitter, its market dominance has dwindled.
The question remains: Will the market continue to consolidate or will there be a breaking point?
Fast Company , Read Full Story
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