As consumer viewing habits continue to shift from traditional television to streaming platforms, Connected TV (CTV) advertising has become a powerful channel for marketers who want to reach engaged audiences with precision and efficiency. The growth of CTV, along with its evolving technology, makes it a smart addition to any modern marketing strategy.
CTV advertising is experiencing major growth:
· Market Expansion: In 2024, U.S. CTV ad spending is projected to reach $30.1 billion, a 22.4% increase from the previous year.
Source: Oberlo
· Global Outlook: Worldwide, CTV ad revenue is expected to reach $35.2 billion in 2024 and exceed $46 billion by 2026.
Source: Statista
· Advertiser Adoption: A growing number of marketers are shifting budgets from traditional TV to CTV because of its better targeting and measurable results.
Source: Statista
CTV offers benefits that make it stand out from traditional advertising:
· Advanced Targeting: CTV enables precise audience segmentation based on demographics, location, and viewing behavior, allowing brands to deliver highly relevant messages. Source: Porch Group Media
· High Completion Rates: Over 95% of CTV ad impressions are non-skippable, with a 95% completion rate, meaning more people are watching the entire message. Source: Zipdo
· Interactive Engagement: Innovations like shoppable ads and clickable overlays give viewers a way to interact with content directly. Interactive ads are outperforming traditional formats in engagement. Source: Kortx
One of the strongest advantages of CTV advertising is its built-in ability to track and analyze campaign performance. Unlike traditional TV ads, CTV platforms provide real-time data and deep analytics that help advertisers refine strategies and maximize ROI.
· View-through Rates: See how many viewers watched your entire ad or dropped off at specific points.
· Conversion Tracking: Connect CTV exposure to actual actions, like website visits or purchases.
· Audience Insights: Understand viewer behaviors, preferences, and engagement across devices.
· Geographic & Demographic Reporting: Know where and who your ads are reaching, so you can tailor messages for better impact.
This level of transparency and performance data empowers marketers to make informed decisions and continuously improve campaign effectiveness.
To make the most of this content, consider adding visuals such as:
· Growth charts that show the rise of CTV ad spending year over year
· Comparison tables showing the performance of platforms like Hulu, YouTube, and Roku
· Infographics highlighting CTV viewer demographics and behavior
The shift in how people watch TV is giving marketers a unique chance to connect with viewers in smarter, more measurable ways. CTV makes it possible to deliver personalized ads that are more likely to convert and build brand loyalty.
Adding CTV to your marketing strategy is not just a good idea—it is a necessary move to stay relevant in a rapidly changing media landscape.
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Sources: https://www.oberlo.com/statistics/ctv-ad-spend https://www.statista.com/statistics/273713/global-online-ctv-television-advertising-revenue https://www.statista.com/topics/12992/ctv-advertising-worldwide https://porchgroupmedia.com/blog/2024-ctv-advertising-trends https://zipdo.co/ctv-industry-statistics
https://kortx.io/news/ctv-advertising-trends
The 2024 Paris Olympic Games present a unique and exciting opportunity for local businesses to tap into a large, engaged television audience. The Olympics attract millions of viewers from all over the globe, and a significant portion of those watch their local stations, creating opportunities for highly effective local TV advertising campaigns. And even though national campaigns were booked long ago, it’s not too late for local advertisers. Near-to-air inventory may still be available at many local stations, providing unique opportunities for local advertisers.
The Olympics is one of the few events that captivate a global audience, transcending cultural and geographical boundaries. For local advertisers, this means a diverse and extensive viewership. The 2024 Paris Olympics promise to be no different, with a schedule packed with a wide variety of sports that appeal to a broad range of viewers. There’s something for everyone, from traditional favorites like athletics and swimming to newer additions like skateboarding and surfing.
The 2024 Paris Olympics present an unparalleled opportunity for local businesses to reach a broad and engaged audience. By leveraging local TV advertising, businesses can create targeted, memorable, and effective campaigns that resonate with their community. With thoughtful planning, creative execution, and diligent measurement, local advertisers can capitalize on this global event and drive significant business growth.
Interested in placing your company’s story in front of the eyes of many? Lets start from the top and go higher! Speak with one of our Strategy Marketing Directors today.
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