Survey: Advanced TV Ad Budgets Forecast To Rise
While TV-video media-buying executives expect to see an increase in advanced advertising TV budgets in the coming months, many are still concerned with measuring campaign effectiveness, according to a new study.
Nearly 80% of local and regional media agency executives expect advanced TV budgets to increase over the next 12 months — the highest of major media channels.
The research comes from Comcast’s Freewheel, the large advertising technology/serving platform.
After advanced advertising, 65% of those executives say ad budgets for digital video will grow. Mobile is at 50%, with digital display at 43%, local TV/cable at 14% and national TV/cable at 8%.
At the same time, only 53% of those surveyed believe advanced TV advertising can effectively measure campaign attribution. Rated much higher are digital display (74%), mobile (73%) and digital video (69%). Among other media, local TV/cable is at 53% and national TV/cable comes in at 43%.
Media agency executives say the largest spending shares in advanced advertising TV include: retail marketers (21%), most likely to make advanced advertising TV deals; healthcare (15%); automotive (13%); and financial services (12%).
The survey says when it comes to automation, respondents report advanced advertising deals are only 33% automated. Numbers are higher for digital display (47%), digital video (45%), mobile (44%). Posting numbers lower than advanced TV: local TV/cable (29%) and national TV/cable (19%).
The online survey comes from 430 users of the Strata media-buying/planning platform (25% of the company’s clients) from June 13 to July 1, 2019, with executives who are in control of local media-buying and planning.
The survey defines advanced TV as advertising running on set-top-box video-on-demand (STB VOD), over-the-top (OTT), addressable TV, advanced linear TV and streaming full-episode players (FEPs).
Credit: Media Post