Paid Search Key in Projected Online Overtake of TV in UK Ad Spend
Paid search will take a lead role in online overtaking TV in the UK ad spending this year, according to Enders Analysis. Search ads are expected to surpass £2 billion, making up 60% of the online ad spend this year. The projections are in line with an e-Consultancy survey where 63% of companies said they planned to increase their paid search budget.
Google will see 80% of the search spend, possibly more with the recent announcement of an ad deal with Yahoo. 85% of search ads went to Google in the first quarter of 2008.
The total online ad spend is expected to reach £3.56 billion, while TV ad spend is expected to be £3.39 billion. Online ads will make up 19% of total advertising in the UK.
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