Published February 5th, 2019
Research from Frost & Sullivan has revealed that the explosion of OTT and user generated (UG) video content in the current multiscreen environment is creating strong demand for monetization technologies among both content owners and advertisers.
The F&S report, Global Online Video Advertising Market, Forecast to 2023, calculates that the targetability, personalization capabilities and interactivity offered by online video advertising solutions will drive the $30 billion market toward $120 billion by 2023.
The study also notes that the rapidly expanding viewer pool of live/linear and video-on-demand (VOD) content such as sports and special events has spawned a large market for seamless ad delivery, with elements such as dynamic ad insertion, that is consistent across devices and platforms. It also says that cloud- powered server-side ad insertion will emerge the dominant technology as it meets stringent monetization and user experience demands.
“By the end of the forecast period, video ads are forecast to account for more than 20% ofall digital ad spending,” said Aravindh Vanchesan, digital transformation industry analyst at Frost & Sullivan and author of Global Online Video Advertising Market, Forecast to 2023.
“Mobile video ad spending, in particular, will account for 75% of digital video ad spend as advertisers, media companies, and publishers follow audiences away from traditional TV and desktop. While ad insertion technologies are finding high uptake among advertisers, ad blockers also are becoming common on both desktop and mobile platforms. This is resulting in lower completion rates and lost revenue opportunities…Besides, as the competition continues to intensify, there will be a need to prioritize market education and awareness initiatives to communicate vendors’ competitive strengths in capabilities.”
As the online video advertising market becomes increasingly populated, participants can stay competitive by seizing the growth opportunities presented by:
* Offering smooth, scalable, high-quality live video experiences optimized for
* Delivering targeted ads to millions of concurrent viewers.
* Engaging in merger & acquisition activity with regional, niche vendors, especially for ad tech solutions.
* Embedding products and services with personalization and customization capabilities such as user video profiles, recommendations, and localization for device and region.
* Ensuring scalability of DAI solutions, particularly for live video events.
As OTT continues to surge, media companies cannot afford to wait on the sidelines. Digital media consumers across generations are increasingly in the driver’s seat—and their expectations to content, quality and user experience, are at an all-time high. Some major shifts are now occurring. What are the implications for technology, media, and telecommunications companies?
What to expect:
- Be inspired by a wide range of presentations from highly respected, industry thought leaders
- Get updated on the latest trends and future of streaming media
- Strengthen and enhance your network with industry peers in an exclusive and relaxed setting
- Share experiences, best practices, and know-how
- A fabulous networking drink reception & delicious coffee breaks
Secure your ticket to the OTT Day in London today and gain a 360 degree view of the OTT ecosystem.
Apr 18, 2017
SmartOTT Backstage: Our Content Management system (CMS) designed to empower content owners, broadcasters and operators to unlock the potential of premium video with a service that allows them to enrich and organize their content metadata, offers social interaction, smarter recommendations, personalization, recommendations, continued viewing and superb curated content collections- instantly responsive across devices and regions. Discover more.
SmartOTT: 24i’s off-the-shelf white- label product empowering you to remove complexity from your IPTV and OTT strategy. It’s a cohesive suite that enables you to simplify syndication and deliver your live and on-demand TV & video content to any screen. Learn more.
SmartOperator: Our TV Anywhere front-end solution for TV operators. It is an off-the-shelf product that offers an innovative and uniform user experience across a range of devices. Learn more.
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Jan 13, 2016
24i Media is proud to announce that Martijn van Horssen and Hans Disch are nominated in the Top-10 of Best Entrepreneurial Teams of the Year. 2015 was the third year in a row that Dutch entrepreneurial teams competed for this coveted title.
"With the Entrepreneur Team Award, we reward and honor entrepreneurial teams that succeeded to form a very strong team. A team that consists of complimentary partners who strive for the same ambition and excel in cooperation, will result in above average innovation, better financial results and faster growth. This is what we recognize in our Top-10," says Bram van Beek, director of TeamVenture, organizing the Awards with its partners Accenture, InvestorMatch and Computable.
Mar 27, 2017