Electronic components manufacturing was forecast to be the fastest growing industry in Mexico, exhibiting an 7.1 percent revenue growth rate between 2019 and 2020. Audio and video equipment manufacturing followed with a 6.6 percent growth. Along with air transportation, real estate for rent has become a key economic sector of the Mexican economy.

In 2022, The Caribbean was found to be the fastest growing market for market research in Latin America and the Caribbean. The Uruguayan market research sector grew approximately 0.8 percent compared to the previous year, based on annual revenue. Brazil came in second, with an annual growth rate of 3.2 percent.

This statistic shows revenue forecasts for 2012 and 2017 for the 10 fastest-growing industries in the United States. Revenue in the green & sustainable building construction industry is expected to grow from 103 billion U.S. dollars in 2012 to approximately 287 billion U.S. dollars by 2017.

In 2023, Peru was expected to be the fastest-growing digital advertising market in the world, with an annual growth rate of about 20 percent. Argentina and Chile rounded out the top three with annual increases of approximately 19 and 17 percent, respectively.

Digital advertising in Latin America

Based on the latest projections, five of the 10 fastest-growing digital ad markets will be in Latin America in 2023. While traditional media channels still have a firm grip over the region’s advertising landscape due to media consumption habits and infrastructural hurdles, there has been a steady shift towards digital approaches in recent years. In 2022, internet advertising spending in Latin America was expected to reach roughly 11.7 billion U.S. dollars, more than twice the amount that was invested in 2018. Interestingly, social media is set to draw the largest share of expenditures and outperform search in the running for the top digital advertising format in Latin America and the Caribbean.

What are the top digital advertising markets worldwide?

Data on the global distribution of internet advertising spending shows that North America and the Asia-Pacific region remain the largest spenders, with the United States setting the pace. And yet, forecasts also suggest that the most prominent players will see their market shares decline in the following years. Smaller fish such as Latin America or the Middle East and Africa (MENA), which currently represent less than two percent of global digital ad spend, are set to slowly but steadily leverage their massive growth potential in the future.

A 2022 report forecast that Vietnam would be the fastest growing market over the next decade, with India not far behind. The source identifies the manufacturing, real estate, technology and financial services sector as particularly important for the future of Vietnam's millionaires.

The United Kingdom is expected to be the fastest growing market for hard seltzer between 2020 and 2025. During that time period, compound annual sales growth of the beverage is forecast at 90 percent.

In 2022, Norway had the fastest growing market research market in Europe, with a growth rate of almost 12 percent. Second in the list was Ireland, with 6.1 percent. Portugal and Austria both recorded a negative growth rate for 2022.

In 2024, the country with the largest year-over-year (YoY) traffic growth in the online beauty and cosmetics industry was Pakistan, at around 38.1 percent. Mexico was in second place with YoY growth of 29.5 percent, followed by Australia and Turkey at 26.6 and 25.7 percent, respectively.

Among the fastest growing alcoholic beverage markets around the world in 2018 Mexico had the greatest share of the market at 3.7 percent. Mexico is projected to pick up another .8 percent of the market by 2023.

In 2022, the country with the largest year-over-year (YoY) traffic growth in the online luxury and jewelry industry was Vietnam at nearly 30 percent, significantly more than any other country. Spain was in second place with YoY growth of 19.3 percent, followed by Italy and India with 16.56 and 16.1 percent, respectively.

The statistic shows the constant annual growth rate of the fastest growing big data and analytics categories worldwide, between 2015 and 2020. In that period, the market for non-relational analytics data stores is projected to grow by 38.6 percent.

This statistic shows a forecast of the compound annual growth rate of the fastest growing consumer magazine markets worldwide between 2012 and 2017. According to PwC, Nigerian and Kenyan consumer magazine markets are both projected to grow at the rate of nien percent annually in the presented period.

QR code generator was the fastest growing category among all marketing categories on G2 with a year-on-year growth of 66 percent. Content creation was next in line with only about 36 percent, approximately half of that of QR code generators.

Artificial intelligence (AI) exhibited the fastest expansion among all high-level software markets on G2 with a year-on-year growth rate of 38 percent, surpassing the growth rate of the second-fastest growing market (Design) by over two times.

Out of the 29 European countries presented in the data set, Turkey was the fastest growing digital advertising market, reporting an annual growth rate of 117.9 percent in 2023. Serbia and Ukraine followed with 27.6 percent and 25.2 percent, respectively. On average, the expenditure in the 29 countries grew by 11.1 percent.

This statistic shows the results of a survey among respondents in Hong Kong about predicted market growth potential of eSports products and equipment as of October 2019. During the survey conducted at the Hong Kong Electronics Fair, 44 percent of respondents thought that eSports products and equipment had the largest growth potential in North America.

In 2024, Ukraine was estimated to be the fastest-growing programmatic market worldwide, with an annual growth rate of roughly 15.3 percent. Togo and Burkina Faso followed, with growth rates of 15.1 and 14.4 percent, respectively.

According to the results of a survey carried out in 2022, TV/OTT was the channel that scored the highest adoption growth rate - 27 percent - and jumped from 53 percent in 2021 to 68 percent in marketers' usage in 2022. Digital content (e.g. blogs, webinars) followed with an adoption growth rate of nine percent in 2022.

Between 2019 and 2022, Adagio.io – a sell side programmatic connections optimization adtech from France – was the fastest-growing advertising and marketing company in Europe. Its revenuer recorded a compound annual growth rate (CAGR) of 424.39 percent in that period.

The source forecast that, in 2023, digital advertising spending in Peru will grow by 20 percent, making it the fastest-growing digital ad market in Latin America that year. Argentina and Chile followed with increase rates of approximately 19 and 17 percent, respectively. During a 2022 survey, almost two-thirds of responding Peruvian internet users found advertising useful either often or always.