As advertisers increasingly integrate Connected TV (CTV) into their marketing strategies, the focus has shifted from merely adopting the platform to accurately measuring its effectiveness. Despite numerous discussions about measurement metrics, the core challenge is accessing the right benchmarks.
The “2024 CTV Ad Effectiveness Benchmarks” report by DISQO scrutinized 900 campaigns to evaluate brand lift and performance across cross-channel and CTV-exclusive advertising. The report categorizes data by industry, providing crucial insights into consumer attitudes and offering data-driven tactics to enhance CTV ad campaigns and maximize return on investment (ROI).
Key findings include:
- Enhanced Brand Lift: CTV exceeds cross-channel benchmarks, increasing brand recognition by 1.1 times, brand favorability by 1.27 times, and purchase intent by 1.07 times.
- Down-Funnel Performance: Brands in the consumable sectors, like health, beauty, and food and beverage, are particularly well-positioned to attract consumer spending through CTV.
- Actionable Metrics: Interactive ads on CTV engage users across devices, creating a clear path to conversion and enabling precise performance measurement.
These insights highlight the effectiveness of CTV in boosting brand metrics and converting consumer interest into action, offering a strategic advantage for marketers aiming to optimize their advertising efforts.