PASADENA, Calif., Dec. 14, 2021 /PRNewswire-PRWeb/ -- tvScientific (tvscientific.com), the first performance advertising platform built for the connected TV (CTV), found that a majority of consumers — 57 percent — say the primary way they watch television, movies, and other video content is by streaming it digitally, compared to just 26 percent who watch through cable or linear TV. Ninety-two percent of consumers who watch streaming content also use at least one ad-supported service. Meanwhile, audiences claim that they find ads on TV or streaming less annoying than ads on social media, websites, or in mobile games, and that they're able to recall ads on streaming TV 46 percent of the time, which is at least 39 percent more often than they can recall ads on other channels.
Those are among the findings of tvScientific's new survey-based report, "How CTV Advertising Powers The Performance TV Revolution." This report analyzes first-party and consumer data to better understand how CTVs are powering the performance TV revolution and what it means for advertisers. The report can be downloaded at https://www.tvscientific.com/lp/ctv-powers-performance-tv-revolution.
"We are in an age where digital advertising revolves around 2-inch ads sandwiched between an endless stream of social media content — and these ads command a staggering premium," said Jason Fairchild, CEO of tvScientific. "CTV represents a unique new era in which advertisers can reach consumers with large, full-screen ads with no surrounding clutter. They deliver superior consumer recall and drive measurable performance for advertisers. Our new report paints a compelling picture of why advertisers need to adapt as CTV adoption grows."
According to the survey, 50.4 percent of consumers watch streaming video content from their smart TV or CTV, which is more than all other digital viewing options combined. Twenty-four percent of respondents watch streaming content on an external smart device, while 11 percent watch on a mobile device, nine percent on a computer or laptop, and six percent on a video game console. Other findings from the report include:
- On CTV Usage: Of the consumers who stream television content, 86 percent use more than one streaming service, while 39 percent use four or more streaming services. Meanwhile, 92 percent of consumers who watch streaming content also claim to use at least one ad-supported service.
- On Ad Recall: 46 percent of consumers say TV and streaming ads are the most memorable, compared to 33 percent brand recall for social media ads, 12 percent for ads in mobile games, and just nine percent for ads on websites.
- On Ad Influence: Ads on TV or streaming are essentially on par with social media ads in terms of how influential consumers say they find those types of ads, with 39 percent of respondents citing TV/streaming as the most influential ad channel compared to 41 percent who cited social media. Meanwhile, only 11 percent of consumers find ads on websites the most influential, and only 10 percent find ads in mobile games to be the most influential.
- On Ad Annoyance: Audiences say they find ads on TV or streaming TV less annoying than ads on other digital channels—it was selected as the "most annoying" channel by just 22 percent of consumers, compared to 23 percent for social media, 26 percent for websites, and 30 percent for ads in mobile games.
- On Second Screen Engagement: 78 percent of consumers use a mobile device while watching television, while 31 percent of TV watchers use a mobile device to research or purchase products they see advertised and 33 percent of consumers say they bought a product after seeing it advertised on TV or a streaming service.
"How CTV Advertising Powers The Performance TV Revolution" draws on results of a September 2021 survey of 1,000 consumers in the United States about their experiences with CTV and over-the-top advertising. The respondents represented a diverse range of ages, ethnicities, industries, roles, education, income levels, and household sizes.
For more information on the report, visit https://www.tvscientific.com/lp/ctv-powers-performance-tv-revolution.
tvScientific is the first performance advertising platform built for connected TV. The tvScientific platform combines the power of television and the precision of digital marketing to deliver measurable impact for any business that requires a person to make a purchase or take an action. tvScientific offers a self-managed solution for performance marketers, making test-and-learn agility possible in the TV space. The platform uses proprietary, deterministic ID technology to segment and target consumer audiences at scale, while its dashboard gives marketers access to real-time reporting, including pinpoint-accurate attribution and ROAS calculations. An Idealab company, tvScientific was co-founded by senior executives with deep roots in programmatic advertising, digital media, and ad verification. The company is headquartered in Pasadena, California. For more information, visit https://www.tvscientific.com.
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shannon @ tvscientific.com
Matt McAllister, Fluid PR, Inc., +1 (510) 229-9707, [email protected]