With a projected $5.58 billion in digital ad spending in 2024, Mexico’s digital ad market is the second-largest in Latin America after Brazil. However, its 61.0% share of total digital ad spending will make the nation stand out on the global stage with the world’s eighth-most digitally penetrated ad market this year. Several factors will fuel digital’s impressive gains every year through the remainder of our forecast period, including a thriving economy, more consumer time spent online, and increased ecommerce adoption.
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