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Asia-Pacific Retail Media Platform Market Size, Share & Trends Analysis Report By Type, By Advertising Format (Display Ads, Sponsored Content, Search Ads, and Other Advertising Format), By Industry Vertical, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 119 Pages
  • October 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6020494
The Asia Pacific Retail Media Platform Market is expected to witness market growth of 8.7% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Retail Media Platform Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $2.25 billion by 2031. The Japan market is registering a CAGR of 8% during 2024-2031. Additionally, the India market would capture a CAGR of 9.6% during 2024-2031.



The competitive landscape of the market is also evolving, with more large and small retailers launching their own media networks. E-commerce giants like Amazon and Walmart have been leading the way in the retail media space, but other retailers, including traditional brick-and-mortar stores, are increasingly entering the market. Launching their media platforms allows these retailers to leverage their unique data and consumer relationships to create new brand advertising opportunities. This trend contributes to market fragmentation as more players enter the space and compete for ad dollars. However, it also underscores the growing importance of retail media as a revenue stream for retailers and a valuable channel for brands to reach their target audiences.

Despite the growth and opportunities in the retail media platform market, several challenges must be addressed. The absence of standardized metrics for evaluating the efficacy of retail media campaigns is one of the primary obstacles. Unlike traditional digital advertising channels, which have established key performance indicators (KPIs) such as cost per click (CPC) or return on investment (ROI), retail media lacks consistency in reporting metrics. Different platforms may use different methodologies for measuring campaign performance, making it difficult for brands to evaluate the effectiveness of their ads across different retail media networks. Integration challenges with legacy systems also present a significant barrier for many retailers looking to adopt retail media solutions.

In South Korea, the high level of internet penetration and widespread smartphone use have created a thriving environment for e-commerce, which, in turn, drives the growth of retail media platforms. The South Korean government has been actively supporting innovation in retail through initiatives like the "Korea Digital New Deal," which focuses on expanding digital infrastructure and fostering smart technologies. Retailers like Coupang and Naver utilize retail media platforms to deliver highly targeted advertising by analyzing consumer preferences and shopping behavior.

The rise of cross-border e-commerce, with South Korean consumers frequently purchasing from international retailers, has further increased the need for advanced retail media solutions to effectively target these consumers. Retail media platforms in South Korea leverage advanced technologies and data-driven targeting to connect brands with consumers in an increasingly competitive market. With its booming e-commerce sector, supportive government policies, and tech-driven innovations, the Asia-Pacific retail media platform market is poised for continued growth and dominance in global advertising.

List of Key Companies Profiled

  • Amazon.com, Inc.
  • eBay, Inc.
  • Walmart, Inc.
  • Home Depot, Inc.
  • The Kroger Co. (Kroger Precision Marketing)
  • Instacart
  • Target Corporation (Target Brands, Inc.)
  • Macy’s, Inc.
  • Best Buy Co., Inc.
  • Wayfair Inc.

Market Report Segmentation

By Type
  • Retailer-Owned Media Networks
  • Third-Party Media Networks
By Advertising Format
  • Display Ads
  • Sponsored Content
  • Search Ads
  • Other Advertising Format
By Industry Vertical
  • Consumer Packaged Goods (CPG)
  • Beauty & Personal Care
  • Electronics & Technology
  • Apparel & Fashion
  • Grocery & Food Delivery
  • Others Industry Vertical
By Country
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Retail Media Platform Market, by Type
1.4.2 Asia Pacific Retail Media Platform Market, by Advertising Format
1.4.3 Asia Pacific Retail Media Platform Market, by Industry Vertical
1.4.4 Asia Pacific Retail Media Platform Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2021, Sep - 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Retail Media Platform Market by Type
5.1 Asia Pacific Retailer-Owned Media Networks Market by Country
5.2 Asia Pacific Third-Party Media Networks Market by Country
Chapter 6. Asia Pacific Retail Media Platform Market by Advertising Format
6.1 Asia Pacific Display Ads Market by Country
6.2 Asia Pacific Sponsored Content Market by Country
6.3 Asia Pacific Search Ads Market by Country
6.4 Asia Pacific Other Advertising Format Market by Country
Chapter 7. Asia Pacific Retail Media Platform Market by Industry Vertical
7.1 Asia Pacific Consumer Packaged Goods (CPG) Market by Country
7.2 Asia Pacific Beauty & Personal Care Market by Country
7.3 Asia Pacific Electronics & Technology Market by Country
7.4 Asia Pacific Apparel & Fashion Market by Country
7.5 Asia Pacific Grocery & Food Delivery Market by Country
7.6 Asia Pacific Others Industry Vertical Market by Country
Chapter 8. Asia Pacific Retail Media Platform Market by Country
8.1 China Retail Media Platform Market
8.1.1 China Retail Media Platform Market by Type
8.1.2 China Retail Media Platform Market by Advertising Format
8.1.3 China Retail Media Platform Market by Industry Vertical
8.2 Japan Retail Media Platform Market
8.2.1 Japan Retail Media Platform Market by Type
8.2.2 Japan Retail Media Platform Market by Advertising Format
8.2.3 Japan Retail Media Platform Market by Industry Vertical
8.3 India Retail Media Platform Market
8.3.1 India Retail Media Platform Market by Type
8.3.2 India Retail Media Platform Market by Advertising Format
8.3.3 India Retail Media Platform Market by Industry Vertical
8.4 South Korea Retail Media Platform Market
8.4.1 South Korea Retail Media Platform Market by Type
8.4.2 South Korea Retail Media Platform Market by Advertising Format
8.4.3 South Korea Retail Media Platform Market by Industry Vertical
8.5 Australia Retail Media Platform Market
8.5.1 Australia Retail Media Platform Market by Type
8.5.2 Australia Retail Media Platform Market by Advertising Format
8.5.3 Australia Retail Media Platform Market by Industry Vertical
8.6 Malaysia Retail Media Platform Market
8.6.1 Malaysia Retail Media Platform Market by Type
8.6.2 Malaysia Retail Media Platform Market by Advertising Format
8.6.3 Malaysia Retail Media Platform Market by Industry Vertical
8.7 Rest of Asia Pacific Retail Media Platform Market
8.7.1 Rest of Asia Pacific Retail Media Platform Market by Type
8.7.2 Rest of Asia Pacific Retail Media Platform Market by Advertising Format
8.7.3 Rest of Asia Pacific Retail Media Platform Market by Industry Vertical
Chapter 9. Company Profiles
9.1 Amazon.com, Inc.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental Analysis
9.1.4 SWOT Analysis
9.2 eBay, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 SWOT Analysis
9.3 Walmart, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Recent strategies and developments:
9.3.4.1 Partnerships, Collaborations, and Agreements:
9.3.4.2 Product Launches and Product Expansions:
9.3.5 SWOT Analysis
9.4 Home Depot, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.5 The Kroger Co. (Kroger Precision Marketing)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Recent strategies and developments:
9.5.3.1 Partnerships, Collaborations, and Agreements:
9.5.3.2 Product Launches and Product Expansions:
9.6 Instacart
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Product Launches and Product Expansions:
9.7 Target Corporation (Target Brands, Inc.)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Macy’s, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.9 Best Buy Co., Inc.
9.9.1 Company Overview
9.10. Wayfair Inc.
9.10.1 Company Overview

Companies Mentioned

Some of the key companies profiled in this Asia Pacific Retail Media Platform Market include:
  • Amazon.com, Inc.
  • eBay, Inc.
  • Walmart, Inc.
  • Home Depot, Inc.
  • The Kroger Co. (Kroger Precision Marketing)
  • Instacart
  • Target Corporation (Target Brands, Inc.)
  • Macy’s, Inc.
  • Best Buy Co., Inc.
  • Wayfair Inc.

Methodology

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