Industry-First Study on Converged TV Sheds Light on Need for New Currencies & Holistic Cross-Platform Measurement
TVSquared Report Looks at Converged TV Adoption & Trends Across the U.S., UK, Germany & Australia
Analysis Highlights New Incremental Reach Insights, Demonstrating the Value of a Converged TV Video Mix
NEW YORK & EDINBURGH – Oct. 13, 2021 – TVSquared, the global leader in converged TV ad measurement and attribution, today released a new report – “The State of Converged TV: A Look at Global Trends & Adoption” – in conjunction with third-party research firms, Dynata and Advertiser Perceptions. Providing the first global view on converged TV, it represents survey insights from nearly 1,000 buyers in the U.S., UK, Germany and Australia. The report also analyzed billions of ad impressions across 20 converged TV campaigns active on TVSquared’s ADvantage platform to uncover insights on incremental reach and how to best approach converged TV strategies.
Across all four markets, more than 75% of respondents agree that TV is now defined as linear and streaming platforms, and more than 70% believe that all forms of TV should be sold on impressions, marking a major global shift in thinking. Findings from the study indicate that buyers are approaching linear and streaming in similar ways, and that the current and future states of converged TV are putting a spotlight on the need for new currencies and holistic, cross-platform measurement.
TVSquared’s converged TV campaign analysis revealed that, on average, the audience overlap of linear and OTT/CTV campaigns is approximately 30%, meaning that, on average, 70% of the audiences reached via streaming could not be reached with linear alone. Findings also indicate that brands should be committing at least 10% of TV impressions to streaming in order to achieve at least 15% incremental reach.
Key U.S. survey highlights support the need to move past legacy models and toward a more holistic, transparent converged TV marketplace.
Additional U.S. survey findings further indicate that advertisers are trying to break through silos that have long existed between digital and traditional TV advertising. Among buyers leveraging converged TV strategies today, TVSquared found that linear and streaming are being treated in a more similar way than previously believed.
“The TV ecosystem is now rooted in cross-platform, and we must deliver a transactable currency that allows us to count and ascribe value in a similar way – across linear and streaming – to ensure TV budgets continue to grow,” said Jo Kinsella, president, TVSquared. “Reliable, transparent measurement across campaigns will ensure that marketers’ total TV investments and impression allocations are effective at achieving audience reach and outcomes across TV everywhere.”
Download a copy of “The State of Converged TV: A Look at Global Trends & Adoption.”