Google Announcement earlier, you can now have up to 10,000 campaigns (this will include active and paused campaigns) per advertiser account. The number of keywords hasn’t changed, however.
Here are the up-to-date AdWords account limits:
10,000 campaigns (active and paused)
20,000 ad groups per campaign
5,000 keywords per ad group
300 display ads per ad group (including image ads)
4 million active or paused ads per account
3 million keywords per account
10,000 location targets (targeted and excluded) per campaign, including up to 500 proximity targets per campaign
100,000 active ad extensions per account
1.3 million references to ad extensions per account
Here are the up-to-date AdWords account limits:
10,000 campaigns (active and paused)
20,000 ad groups per campaign
5,000 keywords per ad group
300 display ads per ad group (including image ads)
4 million active or paused ads per account
3 million keywords per account
10,000 location targets (targeted and excluded) per campaign, including up to 500 proximity targets per campaign
100,000 active ad extensions per account
1.3 million references to ad extensions per account

Exciting news! With 10,000 campaigns allowed, advertisers can now optimize their strategies even further!
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