Photograph by Philippe Huguen -- AFP via Getty Images

Mobile Internet Ad Spending Will Pass Desktop For the First Time in 2017

Jun 20, 2016

Businesses are set to spend more on mobile Internet advertising than for ads seen via desktop computers for the first time in 2017, forecaster ZenithOptimedia said on Monday, a year earlier than it had previously predicted.

Zenith said it expected companies around the world to spend $99.3 billion on mobile Internet advertising in 2017, or 2% more than the amount it expects to be spent on ads seen on web pages on desktop computers.

"We now expect desktop advertising to decline for the rest of our forecast period: by 0.9% in 2016, 0.4% in 2017 and 6% in 2018," ZenithOptimedia said.

ZenithOptimedia, owned by France's Publicis (pgpef), cut back its expectation for growth in global advertising this year for the second time to 4.1% from a previous forecast of 4.6% in March.

In its report on Monday, Zenith cited the devaluation of the Argentine peso for the forecast revision.

It also said the top six global advertising markets would remain stable between 2015 and 2018, during which time it expected China to be the biggest contributor to new advertising spending, ahead of the United States.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions