Connected TV – A Beneficial Investment
More and more people are subscribing to online streaming services over traditional TV. In 2021 alone, there were an estimated 214 million streaming service customers. These services continue to become the favored way of watching both TV and Movies for all demographics, making Connected TV a beneficial investment
Some of the streaming services are subscription-based, but many are free to consumers or have a reduced subscription with advertising. These free and reduced subscription services like Hulu, Crackle, and Sling include advertising that looks just like traditional TV commercials. Consequently, marketing companies are now budgeting for Connected TV (CTV) ads along with, or in place of, traditional TV ads to take advantage of the many benefits of Connected TV advertising.
Benefits of Connected TV Ads
Fast Forwarding Is NOT Possible
Yes, the largest benefit of CTV advertising over Traditional TV is the DVR, or more accurately, the lack of one.
Before ‘cutting the cord’ became a rising trend, recording and watching shows later was a standard practice. Many people would record shows and watch them later for the primary purpose of being able to fast forward through the commercials.
Additionally, since commercials were usually shown in blocks, if a viewer was watching live TV, the commercial breaks were used for just that, a break. That is when viewers could get up, grab a bite, or attend to other matters until the show came back on.
With CTV ads, it is common that only 1-2 ads are shown at a time, making the habit of getting up to do something else much less convenient. Plus, even if a “Skip Ad” option is present, the viewer is required to see at least part of the ad before being allowed to skip the rest, which means your initial message will be viewed.
In fact, the average Completed View Rate (CVR) for Connected TV ads is 95%.
That means over 90% of people watched the entire ad.
Data-Driven Digital Targeting Lets You Find and Reach Out to Specific Audiences
Another benefit is that CTV advertising allows you to select households with:
- Specific Demographics
- Demonstrated Interests
- Purchasing Behaviors
This allows you to narrow down the target audience. The approach is more pinpointed and should result in less waste in ad spend.
It’s nearly impossible to track the effectiveness of regular TV ads. With CTV ads, on the other hand, you can receive real-time data on how well a campaign is performing. This benefit allows you to tweak your message along the way for optimized results and plan future campaigns according to what worked best.
Premium Inventory Partners
Triadex Services Connected TV, a beneficial investment for your marketing plan, is aligned with many of the most recognized streaming services on the market today. Just some of these include:
- Xbox One
- And many more…
Connected TV is a cost-effective campaign option that provides you with the benefits of traditional TV advertising AND digital targeting and tracking methods.