There has been a substantial recovery in the business-to-business media industry in the U.S., according to data prepared by the Association of Business Information and Media Companies (ABM).
Revenue in 2011 rose 7.2% to $26.5 million and the largest increase was, not surprisingly, digital advertising which grew by 22%. Print ads grew by 3.8%. This is in stark and welcome contrast from the recession-hammered times the sector experienced which saw print ad revenue fall 24% between 2008 and 2009 and the industry staying essentially flat between 2009 and 2010.
[Note, the table above is aggregated from data provided by the Centre for Exhibition Industry Research (trade shows), Inquiry Management Systems, an ad tracking service bureau (print advertising), Outsell, a research firm (data services). Digital advertising data is based on an estimate from the Interactive Advertising Bureau, PricewaterhouseCoopers and other sources.]