|
Bangalore:
Communications services group WPP is looking at acquisitions in India and
the rest of Asia as part of its growth strategy. The group is seeking companies
in non-traditional areas such as brand identity, public affairs, digital and direct
marketing. WPP
Digital recently acquired a 100-per cent stake in digital marketing agency BLUE
Interactive Marketing, Singapore. Last year, it acquired a majority stake in Bangalore-based
design firm Ray + Keshavan. WPP
has witnessed phenomenal growth from the Indian and Chinese markets, which have
been growing at over 20 per cent for the past several years. Asia Pacific, Latin
America, West Asia and Africa account for about 20 per cent of WPP''s revenues,
and the company is looking to grow these to one-third in about five years. A
key driver of growth in Asia will be new media, along with traditional media.
While both traditional and new media are growing fast in Asia (particularly India),
the digital medium will be the new leg of the company''s growth strategy. Presently,
only 2 per cent of global ad spends comes from online advertising, which are estimated
to grow to 8 per cent in 3-4 years. Mobile marketing is another area to track
in the long term. Another
area of increasing importance in India is analytics, with Group M, a WPP entity,
through its outfit Meritus Analytics India in Bangalore, doing a lot of work in
this field for as number of WPP companies.
|