4 Digital Advertising Predictions You Need to Keep Your Eyes OnWith companies tightening their spending budgets, it's time for advertising to innovate.
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Silicon Valley media leaders like Google, Meta, Twitter and TikTok run primarily off sellingadvertising spaceas a significant revenue stream. According to their Q2 earnings reports, not only are these giants slowing down and losing on their advertising sales, their advertising clients are in a state of strategic restructure aseffects of the recessionhave started to impact theirannual spending budgetsand return on investment negatively. Over the last two months, we have seen this trend spread from large corporations to organizations of every size — with July having the worst dip in advertising spending in two years.
In an alreadyoversaturated market, traditional digital advertising has become increasingly expensive as a means of customer conversion. With access to the sameocean of information, targeting has never been more effective in making a match. But, in a free market, the competition is ultimately driven by who can spend the most. The more spent, the more often you'll have your product seen.
However, witheconomic pressuresnow facing consumers and inflation-cost projections increasing, purchasing trends are changing at a challenging rate for ecommerce analytics to keep up with. Advertiser's revenue is hurting. The shifting online consumer spending marketplace is trending from a growth economy to a moreconservativeone.
The digital advertising market is relatively young and still has room for growth as tech evolves. This marks the first time its market may see significant stress testing. It will tell how quickly advertising agencies and marketing departments must adapt. Here are some predictions of what we may see from the digital advertising space over the next year.
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Video advertising will reign
Content-connected video advertising has proved effective marketing, with digital video viewersretaining 95%of the messages compared to the same message conveyed by text. With current viewers spending more than100 minutes a daywatching digital videos and92.6%of worldwide internet users watching some form of digital video every week, the digital video market has never been hotter.
品牌将大力投资发展g influencers
Toppingdigital video consumptionis music videos, comedy specials and social commentary. All three share the common theme that their content comes from influencers. Influencer marketing is already standard and growing brands are investing in the development of an influencer. By signing exclusives with the influencer — or creating the influencer with the help of theextensive influencer market researchavailable — and promoting the influencer's visibility, brands can construct entire lifestyles embodied by their influencers.
In these scenarios, advertisers partner with influencers to create content that innocuously incorporates their product within the video. It takes less work and time to encourage commerce by seeing ourselves in a personality we admire than proving a product's merits. With a strategically manufactured consumer audience who engages the content, brands generate competitive sales funnels based on transforming wants into needs.
Streaming services will emerge as the most-invested platforms
Over the past two years, the streaming markethas grownand is projected to continue to grow into the next decade. With more variety in content options thanever beforeand what seems to be an innumerable slate of new programs being sent into development, there is truly something for everyone.
Streaming services operate on as many personal devices with digital capabilities as technology will allow. We are engaging with them constantly. In 2021,78%of US consumers used a subscription streaming service.
Between its fast growth, affordability and array of collected data, streaming's ability to pair a brand with content primed for its target market is uniquely competitive. Due to streaming advertising's specific lock onto programming that acutely matches a brand, this infinitely populated market cannot see oversaturation, as each program reflects a micro market, which can be dominated by slowing infiltrating and widening marketspace with similar programs.
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Personal messaging will increase as data hygiene improves
It has grown increasingly reasonable to sort and format data in waysthat better connecta brand to its customers because of access to utilizing habit-tracking tech, sharing cookies and the ability to buy into consumer-related data. Integrating AI into customer success will help piece together digital consumer profiles by comparing, collecting and analyzing the data.
Understanding the digital profiles would take departments of research teams to implement just one sales-driven AI program. An informed AI can help create digital sales narratives that have some degree of customization for their target buyer. AI's are alreadydeveloping narratives, and while there is still much room for improvement, setting specific parameters can help create concise and personalized storytelling. The digital profile's relationship could then be managed, followed and updated by the AI and documented on a rolling basis for relationship continuity and improvement purposes.
