The report covers Global Digital Out of Home (OOH) Advertising Market Companies and it is segmented by Application (Billboard, Transit, Street Furniture), End-User (Retail, Healthcare/Pharmaceuticals?, Financial Services, Automotive, Telecom/Utilities?, Government Agencies), and Geography.

In 2023, out-of-home (OOH) advertising revenue in the United States grew by about two percent to approximately 8.73 billion U.S. dollars. That was the first time the annual figure exceeded the 8.56 billion-dollar spending recorded in 2019, before the COVID-19 outbreak – lockdowns in response to the pandemic led to a historic drop in the outdoor ad expenditure.

Digital and outdoors The evolution of outdoor ads comes with the rising digital out-of-home (DOOH) media trend. According to another source, DOOH's share in total OOH ad spend in the U.S. will go from less than one-third in 2022 to more than 41 percent by 2026. In the meantime, the market expects the U.S. DOOH ad spend to expand accordingly. The annual figure was projected to surpass three billion dollars in 2024 and reach almost 3.6 billion dollars two years later.

Multiplying and innovating The increase in digital outdoor ads is palpable. Between 2016 and 2022, the number of digital billboards spread across the U.S. skyrocketed by about 80 percent, amounting to 11.5 thousand in the latter year. The boom attracts brands while offering new possibilities in product and service promotion. During a late 2022 survey among agency and advertising executives, almost half of them listed DOOH among the media developing the most innovative opportunities for advertisers in the U.S.

The global digital out-of-home advertising market size reached USD 21.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 54.1 Billion by 2033, exhibiting a growth rate (CAGR) of 10.26% during 2025-2033. The incorporation of cutting-edge technologies, the growing emphasize on personalization and data-driven decision-making, the shifting behavior and expectations of individuals, and the increasing use of digital technology are some of the major drivers of the market expansion.

IMARC Group provides an analysis of the key trends in each segment of the market, along with digital out-of-home advertising market forecast at the global and regional levels for 2025-2033. Our report has categorized the market based on format type, application, and end-user.

The India digital OOH advertising market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 6.3 Billion by 2033, exhibiting a growth rate (CAGR) of 11.86% during 2025-2033. The growing construction of shopping malls and various other commercial buildings, increasing adoption of effective marketing strategies by small and medium-sized enterprises (SMEs), and rising advancements in programmatic technology represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each sub-segment of the India digital OOH advertising market report, along with forecasts at the country level from 2025-2033. Our report has categorized the market based on format type, application and end user.

According to Cognitive Market Research, the global Out of Home (OOH) Advertising market size will be USD 28254.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 11301.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8476.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6498.54 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1412.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 565.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The billboards is the fastest growing segment of the Out of Home (OOH) Advertising industry

Market Dynamics of Out of Home (OOH) Advertising Market

Key Drivers for Out of Home (OOH) Advertising Market

Increased consumer mobility to drive market growth

Increased consumer mobility significantly drives growth in the Out of Home (OOH) advertising market. As urban populations expand and lifestyles become more fast-paced, consumers are spending more time outside their homes, whether commuting to work, running errands, or socializing. This surge in mobility creates numerous opportunities for brands to capture consumer attention in public spaces. Advertisers can strategically position their messages in high-traffic areas, enhancing visibility and engagement. Furthermore, advancements in technology, such as mobile connectivity and location-based services, enable targeted advertising that resonates with on-the-go consumers. By leveraging data analytics, brands can tailor campaigns to specific demographics and behaviors, ensuring effective communication. As the trend of increased mobility continues, OOH advertising will become an even more crucial component of integrated marketing strategies, ultimately driving market growth.

Increasing adoption of digital innovation to boost market growth

The increasing adoption of digital innovation is a pivotal factor boosting growth in the Out of Home (OOH) advertising market. As technology evolves, advertisers are integrating digital platforms to create dynamic, engaging content that captures consumer attention more effectively than traditional methods. Digital billboards and screens allow for real-time updates, enabling brands to adjust messaging based on audience demographics, time of day, or current events. This flexibility enhances the relevance of advertising campaigns, driving higher engagement rates. Moreover, the integration of programmatic buying and data analytics allows for targeted advertising, optimizing ad placements for maximum impact. The growing emphasis on interactive and immersive experiences, such as augmented reality and gamification, further enhances consumer engagement. As brands increasingly invest in digital innovation, the OOH advertising market will continue to expand, offering fresh avenues for creative expression and audience interaction.

Restraint Factor for the Out of Home (OOH) Advertising Market

Concerns on regulatory restrictions to limit market growth

Concerns regarding regulatory restrictions are significant barriers limiting growth in the Out of Home (OOH) advertising market. Governments and local authorities often impose strict regulations on the placement, size, and content of outdoor advertisements to ensure public safety, aesthetics, and environmental considerations. These restrictions can lead to challenges for advertisers who aim to maximize visibility and reach. For instance, limitations on digital signage can hinder the ability to create dynamic, real-time content that engages consumers effectively. Additionally, the varying regulations across different regions complicate campaign strategies for national brands, requiring more resources for compliance and adaptation. This inconsistency can deter investments in OOH advertising, as companies may percei...

Explore the Out-of-Home Advertising Market trends! Covers key players, growth rate 4.8% CAGR, market size $43.15 Billion, and forecasts to 2034. Get insights now!

In 2025, total out-of-home (OOH) advertising spending in the United States will exceed a forecast 9.5 billion U.S. dollars, up from an estimated 9.2 billion dollars in 2024. The annual figure was projected to continue to rise, reaching nearly 10.6 billion dollars by 2028.

The Asia Pacific digital OOH advertising market size reached USD 10.6 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 28.1 Billion by 2033, exhibiting a growth rate (CAGR) of 10.84% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific digital OOH advertising market report, along with forecasts at the regional and country level from 2025-2033. Our report has categorized the market based on format type, application and end use industry.

Mid-2024 forecasts projected that the global outdoor advertising revenue would amount to an estimated 49.7 billion U.S. dollars that year, of which 29.3 billion (or 59 percent) would come from traditional out-of-home (OOH) media, while digital out-of-home (DOOH) would account for the remaining 20.4 billion dollars (41 percent). Both segments were expected to expand as the decade unfolds, with total OOH ad spending reaching nearly 68 billion dollars by 2029, 29.8 billion (44 percent) of which will consist of DOOH. DOOH boosts the outdoor media industry The world's top five outdoor ad companies are based in Western Europe and the United States: JCDecaux, Ströer, CCO, Lamar, and Outfront Media. 2023 data reveals all of them recorded higher growth in DOOH revenues than for overall outdoor media activities. That reinforces the relevance of the digital segment for the industry's expansion. The world's flagship market for DOOH Out of the 15 leading global OOH firms, three are headquartered in China. That includes 2023's sixth-placed company, Shanghai-based Focus Media. While Chinese players' financial results remain far from their Western competitors, the Asian country is ahead in the digital game. In 2024, China alone accounted for an estimated 55 percent of DOOH ad revenues worldwide. If that concentration continues, Chinese outdoor media companies are more likely to experience faster growth.

The ad spending in the 'Out-of-Home Advertising' segment of the advertising market in North America was forecast to continuously increase between 2024 and 2030 by in total 3.2 billion U.S. dollars (+30.74 percent). After the tenth consecutive increasing year, the ad spending is estimated to reach 13.57 billion U.S. dollars and therefore a new peak in 2030. Find further information concerning the ad spending in the advertising market in China and the ad spending in the 'Influencer Advertising' segment of the advertising market in South Korea. The Statista Market Insights cover a broad range of additional markets.

After experiencing a brief jolt from the COVID pandemic, the out-of-home (OOH) advertising industry in China has been recovering slowly. In 2024, the market size of OOH ads surpassed 85 billion yuan, and it was expected to pass the 100 billion yuan mark within two years.

According to Cognitive Market Research, the global Out of Home Billboard market size is USD 36158.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031. North America held the major market of more than 40% of the global revenue with a market size of USD 14463.2 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 10843.4 million. Asia Pacific held the market of around 23% of the global revenue with a market size of USD 8316.3 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031. Latin America market of more than 5% of the global revenue with a market size of USD 1807.9 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031. Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 723.1 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031. The Digital Billboards held the highest Out of Home Billboard market revenue share in 2024. Market Dynamics of Out of Home Billboard Market Key Drivers for Out of Home Billboard Market The growing use of digital billboards the Demand Globally The increasing utilization of digital billboards stands out as a key driver for the out-of-home advertising market. In 2023, the growth rate of digital ad spending moderated to 15 percent, reaching Rs 39,714 crore, compared to 35 percent in 2022, amounting to Rs 34,405 crore. In 2021, this segment experienced a remarkable 50 percent growth, reaching Rs 25,438 crore from Rs 16,974 crore. Digital billboards offer the flexibility to be placed strategically near target audiences, owing to their portable properties. Their advanced features, including continuous light emission throughout the day and night, make them an attractive option for businesses seeking effective advertising avenues. Consequently, the demand for out-of-home advertising experiences a surge during the analysis period. Increased Spending on Advertising to Propel Market Growth As businesses vie for consumer attention in a competitive market, advertising expenditure is on the rise, increasing by 11.8% in 2023. Total ad sales surged from Rs 98,200 crore in 2022 to Rs 1,09,900 crore in 2023. Advertising spending saw a growth of 9.6% in the first half of 2023, which accelerated to 13.8% in the second half. Out-of-home (OOH) advertising, including billboards, remains integral to marketing strategies due to its effective reach to diverse and expansive audiences. Restraint Factor for the Out of Home Billboard Market High Cost to Limit the Sales The abundance of billboards lining roadways often leads drivers to prioritize attention to the road rather than side-of-the-road ads. Many billboards receive only fleeting glances, typically lasting mere seconds. Consequently, the primary drawback of digital out-of-home (DOOH) advertising formats lies in their transient nature. Given that businesses must pay significant sums for their advertisements to be viewed briefly, the cost per exposure may exceed that of alternative methods. This relatively high cost renders DOOH advertising less practical, especially for small and medium-sized businesses. Additionally, alternative DOOH formats, such as 6-sheets in shopping centers or post office displays, offer lower costs per panel compared to billboards. Therefore, the anticipated impediment to the growth of the digital out-of-home industry stems from the high expenses associated with DOOH advertising. Impact of Covid-19 on the Out of Home Billboard Market As governments worldwide implemented lockdowns and restrictions to contain the spread of the virus, numerous businesses encountered financial uncertainty, prompting them to scale back their advertising budgets. The consequent decrease in outdoor activities and travel restrictions resulted in a diminished demand for outdoor advertising, including billboards. Consequently, there was a notable decline in ad spending on out-of-home (OOH) platforms as advertisers reevaluated their marketing strategies. However, amid the challenges brought about by the pandemic, certain segments within the OOH billboard market seized opportunities for growth. For instance, billboards situated in residential neighborhoods or near essential establishments like grocery stores experience...

The size and share of the market is categorized based on Application (Bfsi, It And Telecom, Automotive And Transportation, Education, Entertainment, Healthcare, Consumer Goods And Retail, Government And Utilities, Others) and Product (Digital Billboards, Video Advertising, Ambient Advertising, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The size and share of the market is categorized based on Application (Bfsi, It And Telecom, Automotive And Transportation, Education, Entertainment, Healthcare, Consumer Goods And Retail, Government And Utilities, Others) and Product (Digital Billboards, Video Advertising, Ambient Advertising, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Middle East & Africa Digital Out-of-Home Advertising market is projected to grow at a CAGR of around 23% during the forecast period 2024-2030.

The Outdoor Advertising Market Report is Segmented by Type (Traditional Outdoor Advertising, Digital Outdoor Advertising), by Service (Billboards, Transit, Street Furniture, Other Services), by End-User (Retail, Healthcare, BFSI, Media and Entertainment, Automotive, Other End-Users), by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The France Digital Out-Of-Home (DOOH) Advertising Market Report is Segmented by Technology (LCD and LED), Application (Billboard, Transit, Street Furniture, and Others), and End-Use Industries (Retail, Healthcare/Pharmaceutical, Financial Services, Automotive, Telecom/Utilities, Government Agencies, and Other End Users). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Digital OOH Advertising market will be growing at a CAGR of 13.2% during 2025 to 2033.

The India Digital Out-of-Home Advertising Market size was valued at around USD 284 million in 2024 and is projected to reach USD 620 million by 2030 with a CAGR of around 14%.

South Africa Out-Of-Home (OOH) and Digital Out-Of-Home (DOOH) Market Report is Segmented by Platform (Physical Outdoor Advertising, Digital Outdoor Advertising), Application (billboard, Transit, Street Furniture), and End-User (commercial, Institutional, Infrastructural). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Segments.