Industry-First Study on Converged TV Sheds Light on Need for New Currencies & Holistic Cross-Platform Measurement
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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, Scotland--(BUSINESS WIRE)-- 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.
- 89% cited the ability to holistically manage linear and streaming campaigns as an important factor when deciding to invest in converged TV.
- More than 90% said transparency of metrics across linear and streaming channels and publishers was critical in order to devote ad spend to converged TV.
- While 86% cited the need to achieve cross-platform TV measurement and attribution as a top priority; 57% stated that “accuracy of cross-platform TV measurement and attribution” was also a top challenge.
- 94% indicated that the ability to measure incremental reach of streaming beyond linear was a critical factor for investing in converged TV.
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.
- A third of buy-side respondents ranked attribution and outcomes (for online and offline activities) as a top KPI for converged TV, marking a big difference for linear, which has traditionally been used for reach.
- At 50%, reach and frequency were equally as important for digital TV buys as linear, and incremental audience reach was ranked as one of the most important metrics at 43%.
- More than 40% of buyers are managing both linear and streaming channels for performance/outcomes weekly, and between 10-15% are doing it on a daily cadence.
- Even for linear, 33% of marketers are optimizing campaigns for performance and 32% are optimizing creatives on a weekly cadence, which closely matches streaming at 35% and 31%, respectively.
“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.”
TVSquared is the largest independent global measurement and attribution platform for converged TV. Our infinitely scalable ADvantage platform measures the effectiveness of linear, addressable and OTT/CTV. We power always-on insights for thousands of advertisers across 75+ countries, including reach and frequency, unique reach, outcomes and audience. Integrated across premium publishers, DSPs and identity and audience partners, our platform processes billions of ad impressions, connecting viewership and ad occurrence data at scale. We deliver the richest picture of TV ad measurement and attribution, inclusive of 150M households globally and more than 65 CTV platforms. Trusted by the entire TV ecosystem as the single source of truth, TVSquared measures TV how people watch it – across platforms and screens. For more information, visit www.tvsquared.com.
Megan Garnett Coyle
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