TV still the main advertising media in Indonesia: PwC

TV still the main advertising media in Indonesia: PwC

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Jakarta — According to PriceWaterhouseCoopers (PwC) television will remain the main advertising media until 2021 with a 53.8 percent market share compared to 53.6 percent in 2016. PwC in its “Perspectives from the Global Entertainment and Media Outlook 2017-2021” report, stated that the revenue of the Indonesian media and entertainment would see a 10.3 percent Compound Annual Growth Rate (CAGR) in the period between 2016-2021. The total revenue of the industry in 2021 is expected to reach US$ 8.17 billion. Moreover, PwC estimated that the CAGR of Internet advertising would reach 21.8 percent in the same period, the highest of all segments, while TV advertising was predicted to have a 10.24 percent CAGR. “The Indonesian Internet advertising market is showing stronger growth than other segments,” PwC Indonesia telecom, media and technology leader Mohammad Chowdhury said in a statement on Thursday (03/08). Internet based advertising is predicted to hold 21.5 percent of the market share by 2021 compared to 13.1 percent in 2016, he added. Meanwhile, paper-based publishing – magazines and newspapers – are predicted to hold 20.4 percent of advertising market share by 2021 compared to 28.4 percent in 2016.

Source: thejakartapost

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