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"As per GroupM's annual report on estimations about the advertising spends in the Indian media industry, AdEx is expected to cross Rs 40,000 crore in 2014. It stayed at Rs 38,597 crore in 2013. The growth estimate is 11.6 per cent. Digital media shows maximum growth potential with 35 per cent. This is followed by 12 per cent in TV, a drop from 13.6 per cent in 2013. Cinema remains constant at 12 per cent for this year as well. The print medium shows a significant increase by 8.5 per cent as against the 2013 estimate of 4.6 per cent, owing to growth in vernacular print publications across the country."
In an event held in Mumbai today, GroupM released its annual projection of the advertising spends for 2014. CVL Srinivas, CEO, GroupM South Asia, says, "We are cautiously optimistic about the media industry in 2014. Sectors like FMCG, auto and retail will continue to see a stable increase in ad spends. We will see an increase in rural spending by FMCG and telecom. The first half of the year will continue to be uncertain given the general economic and political environment, and ambiguity surrounding the measurement system. However advertising by political parties is expected to give a boost to the AdEx by upto +2.5 per cent. We envisage a stronger second half with an upsurge in ad spends."
The report is an understanding of the estimated media spends by advertisers in the current year. It also highlights some of the industry sectors that will have a major effect on advertising spends across media. This year GroupM also launched mTrends, a quick reference book of the hottest media and communications opportunities in 2014. This list of 20 trends is a derivative of the 2014 report and has been put together by the team at GroupM India, including the agencies and specialist units.
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