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The World is Saying
YES to CTV
In 2023, the Connected TV (CTV) advertising experienced
impressive expansion and it is projected to surpass $29.29
billion by 2024.
Reason for Uprise in CTV Advertising
Surging
Popularity
11.5 billion hours CTV
consumption recorded
in US households.
Better Targeting
Capabilities
Advertisements can
be targeted to highly
specific audience.
Cost Effective
Precise targeting and
measurable results
make the campaign
cost effective
Leverage the uprise in CTV Ads: Watch out for
the Trends in 2024.
1. Uninterrupted Rise of CTV Viewership
In 2024, it is expected that
there will be 234.1 million CTV
households in the US. the
number of CTV users among
generations is constantly
increasing.
2. Precision Targeting Fuels Programmatic Connected TV Advertising Spend
In 2023, $25.09 billion was
expected ad spend for Connected
TV (CTV) and it is projected to
increase roughly $29.29 billion in
2024 and a substantial $36.86
billion by 2026.
3. Leverage Enhanced Targeting on CTV
According to a survey conducted by the IAB, 84 percent of advertisers
believe that CTV (Connected TV) provides superior targeting
capabilities compared to traditional television. This level of precision
greatly increases the chances of engagement and conversions
4. Shoppable Ads on CTV and Enhanced Interactivity
Target online shoppers (55.6% in the US) with:
Product
Showcases QR Codes Voice-activated
Purchases
5. Integration of CTV with Cross-Channel Campaigns
Connected TV (CTV) is poised to play an increasingly pivotal role in
cross-channel advertising strategies. According to a study conducted
by Digiday, one of the attractive features of CTV advertising is its
capacity to seamlessly integrate into an established omnichannel
approach.
Thank You!

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CTV TRENDS to Watch in 2024

  • 1. The World is Saying YES to CTV
  • 2. In 2023, the Connected TV (CTV) advertising experienced impressive expansion and it is projected to surpass $29.29 billion by 2024.
  • 3. Reason for Uprise in CTV Advertising Surging Popularity 11.5 billion hours CTV consumption recorded in US households. Better Targeting Capabilities Advertisements can be targeted to highly specific audience. Cost Effective Precise targeting and measurable results make the campaign cost effective
  • 4. Leverage the uprise in CTV Ads: Watch out for the Trends in 2024.
  • 5. 1. Uninterrupted Rise of CTV Viewership In 2024, it is expected that there will be 234.1 million CTV households in the US. the number of CTV users among generations is constantly increasing.
  • 6. 2. Precision Targeting Fuels Programmatic Connected TV Advertising Spend In 2023, $25.09 billion was expected ad spend for Connected TV (CTV) and it is projected to increase roughly $29.29 billion in 2024 and a substantial $36.86 billion by 2026.
  • 7. 3. Leverage Enhanced Targeting on CTV According to a survey conducted by the IAB, 84 percent of advertisers believe that CTV (Connected TV) provides superior targeting capabilities compared to traditional television. This level of precision greatly increases the chances of engagement and conversions
  • 8. 4. Shoppable Ads on CTV and Enhanced Interactivity Target online shoppers (55.6% in the US) with: Product Showcases QR Codes Voice-activated Purchases
  • 9. 5. Integration of CTV with Cross-Channel Campaigns Connected TV (CTV) is poised to play an increasingly pivotal role in cross-channel advertising strategies. According to a study conducted by Digiday, one of the attractive features of CTV advertising is its capacity to seamlessly integrate into an established omnichannel approach.

Editor's Notes

  1. Source: Statisca