Advertisers are increasing their use of data-driven connected TV advertising via connected TV, according to a new report from Tru Optik.
Spending on connected TV is expected to rise to $82 billion in 2018 from $4.7 billion in 2017. It is projected to continue to increase to $13.3 billion in 2019 and $20.1 billion in 2020.
Audience targeted impressions rose by 758% in March and April, compared to July and August of 2017, Tru Optik said.
Advertisers using connected TV are more likely to employ precision targeting rather than traditional demographics by a 79% to 21% margin. With linear TV, 95% of advertisers use demos, compared to 5% using advanced audience targets.
Among the targeted connected TV ad campaigns, 97% are using third-party data to direct their ads, compared to 2% using first-party data and 1% retargeting.
The top ad categories using targeted connected TV campaigns are autos, entertainment, retail, financial services and business-to-business.
Categories that lag in using advanced advertising on connected TVs including pharmaceuticals, consumer packaged goods and telecom, Tru Optik said.
Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.
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