Context
According to the Future of Commerce Media study published by WARC, the global retail media market reached US$175 billion in 2025 (up by 13.7% year-on-year), representing 16% of total advertising spend. The market is expected to reach US$200 billion in 2026, accounting for 16% of the total advertising market, more than linear TV and CTV combined. In the U.S.A., retail media remains largely concentrated on e-commerce, dominated by Amazon, which accounts for 75% of e-commerce sales, followe
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