Media Buying and Planning Procurement Intelligence

The media buying and planning category is projected to witness growth at a CAGR of 5.2% from 2023 to 2030. In 2022, North America dominated the global category and held a share of 38% of the global market. Growth in this region is attributed to a high concentration of network agencies, centralized contracts, extensive geographical presence, and high technological adoption. In addition, the increasing use of social media, online platforms, and streaming services is leading to a surge in demand for the category in this region.

In 2022, Europe accounted for the second-largest share of the global market. Key factors driving the European market include a surge in e-commerce channels, deployment of cloud-based SaaS solutions in media planning software, and presence of key service providers. Asia Pacific is anticipated to witness the fastest growth rate during the forecasted period. Key drivers supporting the growth of this region include rising technological penetration, increasing competition in the market, surge in demand for programmatic media buying, rising consumption of digital content, and extensive usage of mobile devices.

Media buying and planning services are deployed as a part of paid marketing efforts to categorize and acquire ad spaces on channels. The ads must be relevant to the target audience at the optimal time and must lead to cost savings for buyers. In terms of end-use, media buying and planning services are utilized by various industries, such as BFSI, FMCG, Healthcare, IT Telecom, and Automotive. For instance, the healthcare sector is required to promote its offerings via health awareness campaigns. Similarly, IT and telecom companies are required to effectively advertise their offerings to reach the target audience.

Key technologies that are driving the growth of this category include geotargeting, programmatic media buying, retargeting, native advertising, and Artificial Intelligence (AI) Machine Learning (ML). Geotargeting ensures customized ads or content is catered to users according to their geographic location. By leveraging physical data of users acquired via GPS or IP addresses, relevant and localized campaigns can be created, which resonate with users in specific locations or regions. This allows media planning agencies to improve their messaging based on cultural or regional preferences.

Key players that provide media buying and planning services compete based on service innovation, pricing strategies, technology integration, multi-channel expertise, targeting personalization, customization, flexibility, and efficiency. Customers have diverse options to service scope, price range, end-use, enhanced access to media campaigns, and increased access to measurement and analytics tools. Regulatory laws in several regions require agencies to comply with rigorous standards for the safety and privacy of consumers’ personal data.

Order your copy of the Media Buying and Planning category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Media Buying and Planning Sourcing Intelligence Highlights

• The media buying and planning category consists of a fragmented landscape, with intense competition among the service providers
• Buyers in the category possess high bargaining power due to the intense competition among agencies based on the service scope and pricing, enabling buyers with the flexibility to switch to a better alternative
• Countries, such as India and the Philippines, are the preferred low-cost/best-cost countries for media buying and planning owing to low costs of labor technology, competitive pricing, and high return on investment
• Staff, cost of acquiring media spaces, hardware, software, research data, and other costs are the key cost components of this category. Other costs include general administrative, sales marketing, rent utilities, travel, compliance, and taxes

List of Key Suppliers

• Dentsu International
• Ideon Media
• Kubient, Inc.
• McKinney Ventures, LLC
• Mindshare Media Ltd.
• MiQ Digital Limited
• Omnicom Group Inc
• Publicis Groupe
• Starcom Worldwide, Inc.
• The Interpublic Group of Companies, Inc.
• Vivendi SE
• WPP plc 

Browse through Grand View Research’s collection of procurement intelligence studies:

• Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
• Loyalty Programs Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape)
• Helium Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement Operating Model, Competitive Landscape) 

Media Buying and Planning Procurement Intelligence Report Scope 

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions. 

Our services include (not limited to): 

• Market Intelligence involving – market size and forecast, growth factors, and driving trends
• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions