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AI ad spending has skyrocketed this year

Martech

Advertisers are backing the AI boom with AI-related spending. So far in 2023, they’ve spent nearly four times as much on AI product advertisements as they did last year through the same period, according to a new report by ad intelligence and sales enablement platform MediaRadar. The ads are working apparently. Big spenders.

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Video ad spend expected to rise 16%, surpassing linear TV this year

Martech

digital video ad spend is expected to hit $63 billion in 2024, a 16% increase from the previous year, according to projections from IAB’s “2024 Digital Ad Spend & Strategy Report.” However, the number of cable subscribers remained sizable enough for digital video to remain in a supporting role for ad budgets.

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Digital ad spend growth drops to 7.8% this year

Martech

digital ad spend is only expected to increase 7.8% Yearly increases in digital ad spending are predicted to hover around 10% through 2027. Digital ad spend saw a dramatic rebound in 2021 following the initial wave of the COVID pandemic — when it saw growth of 37.6%. It is projected to rebound to 11.2%

Spending 114
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Ad spend projected to grow 5.9% in 2023

Martech

Media ad spend in 2023 will grow 5.9% overall, year-over-year, according to IAB’s ad budget outlook. All other digital channels are expected to see some increase in spend, while traditional channels will decline in 2023. Nearly two thirds (61%) of these decision makers are considering placing ads in retail media networks.

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Redefining the CDP: 8 Data-Driven Designs for Successful Customer Journeys

With helpful diagrams and simple explanations in each use case, see how Salesforce’s CDP, Data Cloud for Marketing, powers personalized, real-time experiences across marketing, with capabilities that include: Optimizing ad spend Powering dynamic website content Increasing upselling and cross-selling Resolving service cases with marketing data By submitting (..)

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CTV ad spend hits record-breaking $1 billion in June

Martech

Connected TV (CTV) advertising broke records after ad spend reached $1 billion in June, according to a report by ad-research company Vivvix, formerly known as Kantar. CTV ads have been exploding in popularity as more TV watchers cut the cord and adopt streaming services. billion in ad spend across its properties.

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‘Bad’ digital ad spending can harm the environment

Martech

“Bad” digital ad spending is very bad for the environment. Dig deeper: How advertisers can take the lead in reducing carbon emissions This includes energy used in Ad selection from servers and cloud computing; analytics; network traffic; storage; data providers; and vendor overhead. Consumer devices during views. Get MarTech!

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