In our media planning and buying practice, the biggest shift we have seen by advertisers in the past year is to online video. Our brand clients have embraced online video and we have seen tremendous success with driving traffic and growing engagement through digital video media buys. Big and small TV advertisers have been shifting a portion of media budgets to online video.
Brands who cannot afford TV are now producing video and buying across the web in a very targeted manner. The results we see are unlike anything we’ve seen previously online in terms of engagement and click rates.
Digital research firm eMarketer says video is the fastest growing form of digital advertising, with spending increasing 46% last year and outpacing search ads and display ads. eMarketer estimates digital video will be a $4.14 Billion industry this year, doubling the 2011 numbers.
March 2013 comScore online video numbers are impressive, as well:
Consumers watched 39 billion online videos in March 2013, according to a new report by comScore.
- Ads accounted for over 25 percent of all videos viewed.
- 84.5% of the U.S. population viewed Video in March.
- 52% of the U.S. population saw a video ad in March.
- The average number of video ads per consumer was 82x
Nothing seems to be able to stop the rise of TV as the dominant form of media by advertisers (it is estimated to be a $66.35 Billion industry this year) but online video is growing and gaining a lot of interest and ad dollars from national advertisers. As media buyers prepare to enter the annual television upfront marketplace, digital video has found a respected place among advertisers.