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Forrester Predicts Digital Video Ad Spend To Grow 21% Annually

Date: August 7, 2015

Multichannel(s): Traditional & Offline Marketing, Video Marketing

Added by: Mayra Ruiz-McPherson

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The ad landscape is changing, and a main indicator is the opposite trend lines for online video and television. Two different reports put this into stark contrast. A new report from Forrester finds digital video ad spending growing 21% annually, and a Standard Media Index survey found TV ad spending down 10% year-over-year, and cable ad spending down 3%. Even though the trend lines are clear, in terms of pure dollar amounts spent, online video has a long ways to go before catching up to television ad spending.

Another trend in video ads is some measure of consolidation between the platforms that broadcasters and publishers use and other platforms used by marketers. Industry experts believe this might eventually lead to lower spending on video ads because tech advancement might reduce waste by allowing marketers to consolidate their ad buys with the convergence of previously different platforms.

Source: Industry Marketing Dive

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