Marketers will spend $17.37 billion advertising on. E-commerce Italy Phone Number sites and apps this year, up 38% from 2019, according to emarketer’s first forecast of the channel. That was shared with marketing dive. The growth rate for ad spending in Italy Phone Number the e-commerce channel is expected. To max out in 2020, with growth slowing to 29.8% in 2021 and, by 2024, it is expected to come in at 13%. Amazon is the largest platform, representing 75.7% of the channel’s overall ad spending, and is likely to hold onto. Its dominant role, according to emarketer. The next closest retailer is walmart, which will see $849.4 in retail ad revenue this year, representing 4.9% of total u.s. E-commerce channel ad spending. Emarketer. Forecasts walmart’s market share will reach nearly 7% by 2022. Dive insight: emarketer cites the pandemic. As one of

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For the accelerated growth in e-commerce ad spending, as. The channel has accounted for a larger percentage of brands’ and retailers’ sales. By the end of. The year, e-commerce channel advertising will represent 12.2% of u.s. Digital ad spending, according to. However, Information shared with marketing dive.  In recent months, retailers Italy Phone Number such as walmart, target, rite-aid and cvs have opened or ramped up ad sales on. Their media platforms. “e-commerce. However, channel ads are gaining popularity as brands realize the value of targeting. Prospects exhibiting purchase intent within the large e-commerce marketplaces,” andrew. Lipsman, emarketer principal analyst at insider intelligence, said in a release. “while amazon. was apparent even before the pandemic hit. However,  Though the pandemic has undoubtedly played a role in these huge gains this year, e-commerce as an ad platform is also an idea whose time has come

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Itself as an ad platform, the next wave of e-commerce Italy Phone Number power players is now making more aggressive moves in the space.” in addition to the retailers already mentioned, emarketer expects online sites ebay and etsy to also maintain large Italy Phone Number presences in the e-commerce media market. Ebay’s channel ad revenues will reach $328.3 million in 2020, up 30.3%, according to emarketer. Etsy’s revenues are on track to reach $133.2 million, up 69.8%. The trend of retailers opening up their digital properties to advertising has intensified this year as retailers grasp the value of the consumer data they own. In addition to giving brands access to valuable consumer data and attention, the platforms give retailers a chance to drive revenue at a time when consumers are visiting stores less frequently, a trend that

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