Ad:Tech Miami Conference attended – June 3rd
After spending a full day in sessions and walking the floor at Ad:Tech Miami, the message is clear – the Latin market is growing exponentially
Hispanic online market has grown 18% YTY
Top 25 % of Latin consumers use the internet 250% MORE than the general market
Bottom 50% use it 78% less than the general market
Most of those users are under the age of 25
38% have some college education
76% use cell phone as the PRIMARY phone
19% use the internet to connect with family and friends, and they’re generating their own content online – blogging, social networking etc.
Major US Markets = LA, NY, Miami, Houston, Chicago
Top Latin Markets = Brazil, Mexico
Latin American has 87% online search penetration – 3million searches per month
Brazil = 90% online search penetration
2008 27.4 million Mexicans are online
70% have broadband. (Most likely due to the usage of internet cafés – this does not indicate that they have broadband services in the home).
97% of Mexicans multi task while online
– 50% on the phone
– 41% while working
– 35% listening to music
– 25% watch TV
49% user generated content
33% own a blog
96% growth this year
2011 = $192million
UP 134% in 2008
Only 1.5% of total ad spend is going toward digital in Mexico.
Brazil and Mexico have a great deal of online user’s spending money online. There is also a huge potential in the US market for advertisers to target Spanish speaking Americans. Latino culture in the US is becoming more educated, and more versed in the online arena. Social networks are exploding, and Latin Americans are generating content to stay in contact with family back in their mother countries.