MiQ predicts programmatic to increase to 90% of spend by 2025
A new report from MiQ has found that spending on programmatic media will increase globally over the next five years, jumping from 60% to almost 90% of total spend in Australia and New Zealand by 2025.
The survey of than 300 mid-senior level media planners across the globe included 51 respondents in Australia.
According to the report, connected TV (CTV) and omnichannel activations will be in demand in 2022, with 80% of advertisers looking to boost ad spend across CTV compared to 2021, and marketers seeking out partners that provide value-add services, including analytics and campaign planning. While most marketers are likely to split their budgets between their linear and CTV, a 26% increase in CTV ad spending accompanied by a 15% decline during the pandemic could indicate significant changes.
2020 was a strong year for CTV engagement and then it stalled in 2021. Overall TV viewership in Australia went up 3.9% over the same period. After a decline in the active engagement per
household during the first half of 2021 compared to the pandemic, there was a minor improvement in TV consumption per household globally.