Analyst firm eMarketer is predicting double-digit growth on online ads through 2015. Spending on online ads will hit $50 billion that year — that’s almost double last year’s spending figure. Video will continue to be the fastest-growing format in online advertising, according to eMarketer. Spending for video ads hit $1.42 billion in 2010, but will reach $7.11 billion in 2015. Another factor in the rise: a shift in local advertising from newspapers and Yellow Pages to online ads. eMarketer’s figures are by no means the only ones. The IAB reported a 23% jump in online advertising revenues in the first quarter of this year. The IDC also estimated that global online ad spending grew 14.3% in Q1. Online spending is far outpacing increases in traditional advertising. Nielsen estimates global ad spending rose 8.8% in the first quarter, and TV advertising was up 11.9%. U.S. advertising was up 5.9% in the first quarter, according to Nielsen, which didn’t include online ad spending in the report.
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