01/04/2023
"Google and Meta non longer control the majority of U.S. digital add spending." (WSJ 1/4/2022)
The dynamic duo accounted for only 48.4% of the market in 2022, according to research firm Insider Intelligence, which expects that number to drop to 44.9% this year. 2022 was the first time since 2014 that the tech giants’ combined market share was below 50%.
Why? In short, marketers have more options. Google and Meta are still growing, but not as quickly as key rivals.
Amazon, by far the largest digital ad player beyond the big two, will reach 12.4% of U.S. digital ad spend in 2023, up from 11.7%, according to Insider Intelligence. For comparison, TikTok accounted for 2% of the market last year, compared to 1.4% for the combined retail media offerings of Instacart, Walmart, eBay and Etsy.
The recent entry of Netflix and Disney+ into the ad-supported streaming game could further erode the duopoly’s standing. “They bring a potentially huge number of viewers,” said Vincent Létang, executive vice president of global research at IPG investment firm Magna.