An eMarketer report has predicted a significant growth in the social video ad spending. According to the report, the social video ad spend will grow 44% by 2021.

The overall video ad spend is estimated to grow by 62.1% between 2019 and 2023.

The eMarketer team says, ” Twitter’s US video ad revenues will pass $1 billion in 2021. And Snapchat’s US video ad business is estimated to grow 19.9% year over year in 2021, reaching $727.4 million. That is nearly on par with Roku’s expected total US revenues of $785.4 million by 2021″.

Read more about the future of video on the following link.

Social Video Ad Spending Will Grow 44% by 2021

eMarketer