-While marketers are optimistic about online video, advertising strategies around the medium have yet to mature
TORONTO, Jan. 15, 2015 /CNW/ -- Videology—one of the world's leading video advertising technology platforms—today released research that suggests Canadian marketers are bullish on video's growth, however haven't fully adopted the strategies to best reach consumers, who are increasingly viewing television and video content cross-device.
The research, which was conducted on behalf of Videology by Marketing Magazine and Rogers Connect Market Research and Client Services in September and October of 2014, showed that despite marketers' perceived challenges in video advertising – half of all marketers say they don't have a video advertising strategy in place – they're optimistic about video's growth, and believe holistic planning and buying will become the new norm.
"The shift in consumer viewing habits has been more of a shift of convenience. Consumers want to watch quality content when and where they want, and as the research shows, Canadian marketers are eager to adapt to this converged landscape," said Ryan Ladisa, Vice President, Sales, Videology Canada. "Yet the report clearly demonstrates that there's much work to be done by us, as an industry, to educate marketers on the data and technological solutions already available."
The report, entitled, "Consumers Lead Marketers on Path to Cross-Screen Convergence," surveyed over 1,000 Canadian consumers and 104 Canadian marketers, revealing areas of both convergence and divergence. Findings include:
- Despite the increase in online viewing, 84% still subscribe to cable or satellite TV services.
- More consumers watch video on traditional television screens (45%) than on smartphones (29%) or tablets (23%).
- Consumers want control over what they watch and when. "Second-screen" viewing is engaged in by more than half of Canadians.
- Over 70% of Canadians prefer ad-supported content over paid-for content.
- Marketers are more optimistic about growth in consumer time spent with video than consumers, and believe traditional TV usage will decrease more so than consumers expect.
- Despite the optimism, 50% of marketers don't have a video advertising strategy in place.
- Nearly 70% of marketers were unfamiliar with the term "second-screen" and one of three did not know what "programmatic buying" was.
- Marketers do believe, however, that holistic planning and buying will become the norm; 85% said planning of online video and linear TV will merge in the next three years.
To download the full research report, please visit: http://bit.ly/CANvid
Videology (videologygroup.com) is one of the world's leading video advertising technology platforms. By simplifying big data, we empower marketers and media companies to make smarter advertising decisions to fully harness the value of their audience across screens. Our math and science-based technology enables our customers to manage, measure and optimize digital video and TV advertising to achieve the best results in the converging media landscape.
Videology, Inc., is a privately-held, venture-backed company, whose investors include Catalyst Investors, Comcast Ventures, NEA, Pinnacle Ventures, and Valhalla Partners. Videology is headquartered in New York, with key offices in Baltimore, Austin, Toronto, London, Paris, Madrid, Tokyo, Singapore, Sydney and sales teams across North America. For more information, contact Michele Skettino at [email protected] or 212-231-7853.