Canadian Businesses are Online Advertising laggards

Posted by Rob Lewis

According to Google's #4 Executive Nikesh Arora,  Canadian businesses are lagging behind their peers in other developed countries when it comes to advertising online.

"It's not as competitive a business market, which basically suggests that there's not as many businesses online because they're not competing for more share amongst each other or there are not enough businesses competing in certain areas," said Nikesh Arora, Google's president of global sales operations and business development, during a visit to the company's Toronto office on Wednesday. "Based on the technological savvy of the market, [Canada] should be in the top quartile."

Research from the Interactive Advertising Bureau of Canada seems to back up Arora's statement. According to IAB Canada,  online advertising revenue has more than quadrupled over the past five years to $1.6 billion in 2008 but only accounts for 11% of all spending. In the United States and the United Kingdom, between 15 and 20% of all advertising is done online.

Arora believes that Canadian businesses are not using the web's full potential and that the lag is surprising considering that Canadians are otherwise technologically savvy, have world-class internet and broadband penetration, and are one of the biggest users of Google's YouTube video website.

Company:
Google
Website:
http://www.google.com
Location:
Waterloo, Ontario, Canada

Google's mission is to organize the world's information and make it universally accessible and useful. As a first step to fulfilling that mission, Google's founders Larry Page and Sergey Brin developed a new approach to online search that took root in a Stanford University dorm room and quickly spread to information seekers around the globe. Google is now widely recognized as the world's largest search engine --... more


blog comments powered by Disqus

Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more




Who's Hiring



Recent Comments

Powered by Disqus