Innovid & Ascendant Network Research Spotlights How Advertisers are Adapting Video Mix, Media, & Creative Strategies for Converged TV
Innovid Corp. (NYSE:CTV) and Ascendant Network have released a study that focuses on the evolving advertising strategies to engage audiences across linear, CTV, and digital platforms. The report surveyed senior marketers and revealed that 80% of respondents are now buying converged TV through a centralized team. Key findings show that goals for converged TV include audience targeting, reach, and measurable outcomes. However, while there is a growing alignment in key performance indicators (KPIs), challenges remain in achieving a unified view of converged TV performance. The shift towards converged TV is reshaping how advertisers approach video buying, measurement, and creative strategies.
- 80% of marketers now buy converged TV through a centralized team, indicating increased collaboration across channels.
- Priorities for advertisers include audience targeting, reach, and measurable outcomes, showcasing a strategic focus on effectiveness.
- 45% of respondents measure the same KPIs across linear, CTV, and digital, indicating progress towards unified measurement.
- Challenges remain in achieving a unified view of converged TV reach and performance, hindering effective strategy implementation.
Study polled senior-level marketers to understand how advertising strategies have changed to reach and engage with audiences across linear, CTV, and digital
NEW YORK, Feb. 8, 2023 /PRNewswire/ -- Innovid Corp. (NYSE:CTV), an independent advertising platform for delivery, personalization, and measurement of converged TV, in partnership with Ascendant Network, an exclusive community of senior-level marketing and retail professionals, today announced the release of "The Future of Converged TV: How Advertisers Are Adapting the Video Mix to Reach and Engage with Audiences Where They Are." The research report polled VP, SVP, and C-level marketers to understand how their video mix, media, and creative strategies have evolved in order to reach and engage with audiences dispersed across linear, CTV, and digital.
The shift to "converged TV" (linear, CTV, and digital video) has had a profound impact on every aspect of the advertising industry – from reaching audiences to leveraging data-driven technologies for personalization at scale, to meeting demands for transparent, holistic measurement, and adopting real-time optimization strategies.
"This convergence presents opportunities for advertisers to reach and engage with audiences in new ways, but also requires them to re-think their video buying strategies," said Jessica Hogue, General Manager of Measurement & Analytics, Innovid. "Our report sheds light on how marketing leaders have adapted their advertising strategies for converged TV and evolved their mix across platforms, highlighting key priorities and challenges for 2023 and beyond."
With the technology and data available to "connect the dots" across linear, CTV, and digital video, the report uncovers how advertisers have changed their video mix, measurement, and creative strategies. Some key findings include:
- Advertisers are diversifying buys across linear, CTV, and digital to reach and engage with desired audiences. As this has occurred, internal silos between digital and traditional channels also seem to be breaking down, with
80% of respondents now buying converged TV through a centralized team. - Goals for converged TV buys span reach and performance. According to respondents, the top goals for converged TV were ranked as 1) audience targeting; 2) reach/incremental reach; and 3) outcomes
- A unified view of converged TV reach and performance is needed, but remains a challenge. While the way measurement is done differs widely by respondent, what is being measured is increasingly aligned, with
45% measuring the same KPIs across linear, CTV, and digital. The top KPIs for converged TV are online outcomes (86% ), offline outcomes (57% ), and incremental reach (43% ). - Creative strategies are still rooted in the linear 60-second spot, but starting to evolve along with converged TV. In fact, personalization at scale (
48% ) and interactivity at scale (35% ) ranked as high creative priorities in 2023 for all respondents.
To download the Innovid and Ascendant Network report, visit here.
About Innovid
Innovid (NYSE:CTV) powers advertising delivery, personalization, and measurement across linear, connected TV (CTV) and digital for the world's largest brands. Through a global infrastructure that enables cross-platform ad serving, data-driven creative, and measurement, Innovid offers its clients always-on intelligence to optimize advertising investment across channels, platforms, screens, and devices. Innovid is an independent platform that leads the market in converged TV innovation, through proprietary technology and exclusive partnerships designed to reimagine TV advertising. Headquartered in New York City, Innovid serves a global client base through offices across the Americas, Europe, and Asia Pacific. To learn more, visit Innovid.com or follow us on LinkedIn or Twitter.
Ascendant Networks
Ascendant Network is home to selective communities (invite-only via nominations) of senior change agents (typically VP, SVP and C-level) spearheading today's marketing + retail r/evolutions. Its mission is to advance the professional development of exceptional leaders. Content + community + partners are curated by its powerful Digital Ascendant Council + Retail Ascendant Council. Its twice-yearly community events are not run-of-the-mill conferences, each one brings together 100 transformative executives from the nation's most progressive companies to share + connect + tackle industry problems. Its closed-door/no press forum is deliberate — it supports candid sharing and relationship-building among the industry's "who's who." In short, it's a community of the most influential marketing + retail leaders.
Media
Chris Harihar
chris@crenshawcomm.com
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