Video ad spend to overtake static formats within five years
The report, UK Mobile & Video Advertising Truths, is based on a survey of 120 digital marketing professionals by ExchangeWire Research.
The results revealed that 95% of media buyers and 89% of media sellers believed that video ad spend will overtake spend on static formats in five years’ time. A smaller but still sizeable number felt this could happen within two years ( 42% sellers; 36% buyers).
There was some disagreement between the two cohorts over whether publishers are currently doing enough to maximise the potential of mobile video advertising: 75% of media buyers felt that they were, but only 40% of media sellers agreed.
In terms of the merits of video advertising, 83% of buyers and 72% of sellers said it was more engaging than traditional banners. The difference between these views, the report claimed, was a result of differing definitions of the idea of ‘value'.
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