47% of advertisers are using combined digital and linear teams to manage addressable TV, a key aspect given that the medium spans traditional TV and CTV.
NEW YORK, September 08, 2022--(BUSINESS WIRE)--Go Addressable, an industry initiative created by television distributors to advance addressable advertising, today released new research – in conjunction with Advertiser Perceptions – that tracks the latest growth, adoption and usage of this medium.
The report, the second of a three-part research series, found that nearly two in three advertisers (67%) are incorporating addressable advertising in their media campaigns. This is a marked increase from the first study, conducted in October 2021, which found that only half of marketers were using the medium.
Both studies had a sample size of 300 agency and brand advertisers.
The increase comes as interest – and adoption – of addressable advertising is growing. Per a Deloitte Global study, the sector is expected to reach U.S $7.5 billion dollars globally this year. Addressability was also a key theme during the most recent TV upfront season.
Other noteworthy findings from the report include:
Nearly half of teams responsible for addressable TV advertising cover both linear and digital planning, a vital and valuable approach considering that addressable can span traditional TV and CTV.
Among those currently using addressable TV advertising, the top reasons were:
46%: ability to measure/prove ROI
"Addressable advertising has become a vital component in our media plans, due to its ability to reach and engage with consumers in a more targeted way," said Molly Finnerty, SVP, Strategic Investment, at Interpublic Group’s MAGNA Global. "For us, the driving factor has been the tangible ROI and a demonstrated history of success, which, in turn, has helped speed up adoption and usage among our client base."
"This study captured what we’re seeing and hearing from our clients and in the marketplace," said Matt Van Houten, SVP, Product, Operations & Business Development, DIRECTV Advertising. "As an industry, it’s important we continue educating and raising awareness of addressable advertising’s value as we reach a critical moment in the medium’s future and growth."
"These latest findings reflect much of what we’ve been seeing in the industry," said Kevin Arrix, SVP, DISH Media. "Momentum is building and advertisers are using addressable technology to maximize reach and frequency of their target audiences across their full video investment. Moving forward, awareness, education and proven impact will be the key drivers in the adoption of addressable TV. These are the core pillars behind Go Addressable."
Click here to read the current report.
About Go Addressable Go Addressable is an industry inclusive initiative led by TV distribution companies (Altice USA, Charter Communications' Spectrum Reach®, Comcast, Cox, DIRECTV Advertising, DISH Media and VIZIO) to help maximize the scale, impact and value of TV as a marketing platform. The group’s mission is to further accelerate the advancement of addressable TV advertising in a way that is trusted, scalable and effective for both advertisers and programmers looking to make their inventory addressable. Go Addressable will achieve this through advocacy and education within the industry; problem-solving and action around industry challenges; and by working to facilitate the use of addressable advertising campaigns for buyers and sellers of TV inventory. For more information on how to participate, please visit http://www.goaddressable.com/.
About Advertiser Perceptions Advertiser Perceptions provides research-based strategic market intelligence and expert analysis to the media, advertising and ad tech industries. We survey brand marketers, agency executives, media specialists and IT leaders through our curated and proprietary Ad PROS™ community to provide clients with an unbiased view of the market, competing brands, and customer experiences. These actionable insights give clients the confidence to inform both strategic and operational decision-making to improve their products and services, strengthen their brands, and drive higher ad-related revenue. www.advertiserperceptions.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20220908005176/en/
Media: Elaine Wong elaine_wong@comcast.com
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