Driving Value Added Services & Content|Billing & Engagement In Motion|Minutes, Messages & Traffic That Pays|Engage & Commercialize Connected Consumers|Making Interactive Media Pay|Billing & Alternative Payments That Convert|Mobile Strategies For Merchants & Content Owners|Monetising Premium Content & Services
Golden Goose
KanzarooMAIN Ad
Digital Select Ltd
Evina Header Banner Ad
MediaXO Main Ad

65% of European consumers have connected TVs to the internet – the only connected device market still growing

0

With 65% of European viewers who have now connected their TV to the internet, directly through Smart TVs, representing an increase of five points YOY, Smart TVs are the only connectivity device type rising across Europe.

So finds AudienceXpress, FreeWheel’s premium video media sales house, in the third iteration of its Streaming Video: CTV Uncovered 2023consumer study, conducted in collaboration with independent research specialist, Happydemics. The research explores viewers’ uptake of CTV and their views on the TV advertising experience, alongside their preferences and perceptions of different channels and platforms. The study was conducted in the UK, Italy, France, Germany, Spain, and the Netherlands – collectively known as the EU6.

While broadcast TV content remains a dominant platform, some 51% of EU6 respondents who use CTV and watch free on-demand streaming content shared that they watch these more than live TV. This trend was particularly notable among survey participants aged 15 to 34.

Further, almost a half of European respondents who tune in to free streaming services on their CTV screen (43%) do so every day. Connected TV is now taking centre stage for consumers; allowing them to access a wide array of platforms and services, jumping around from one to another to view their favourite entertainment.

UK audiences are now natural born streamers

Regarding overall consumption habits, 55% of the UK CTV viewers surveyed claimed to use CTV to access subscription-based video-on-demand (SVOD), followed by 37% who tune in to broadcasters’ live TV, and 35% who watch broadcaster video-on-demand (BVOD) channels on CTV. Broadcast TV remains king overall, though evidently, the UK CTV audiences are accessing TV-like content through a diverse mix of channels and platforms.

Interestingly, more than half of those who access content via free on-demand streaming services on CTV (59%) do so when they cannot find programmes they enjoy on linear TV channels. Users are still very attracted to what makes TV unique: free and professionally-produced content. Streaming and linear content are not rivals but complementary to each other.

Context, timing, and volume: the key factors of a strong advertising experience

Data remains a sensitive issue, and with the end of third-party cookies nearing, there are reasons to accelerate and regain consumer trust and ensure that their privacy is at the core of industry concerns. According to the study, almost a third (32%) of UK CTV viewers have a preference for contextual ads that are informed by the content they are watching. This percentage goes up to 42% among the 25-34 age group.

Moreover, 57% of UK CTV respondents favour one longer ad break before the content and no ads afterwards; this was especially the case for respondents aged 18 to 24 years old.

71% of UK survey respondents who access content through social video aggregators on CTV feel there are too many ads on these platforms. Consequently, UK CTV viewers say they recall ads viewed on CTV screens better than ads they are exposed to on video aggregators. Improving the ad experience will help to better capture consumers’ attention. The creative will still play a big part in advertising efficiency, as well as the format and repetition, but there is also a question of adjusting to suit consumer preferences.

“Evolving viewing habits are continuing to drive the convergence of digital and linear TV, with premium video content from online video aggregators now being watched on the TV screen,” says Stefanie Briec, Director, Head of Demand Sales UK & International for AudienceXpress. “Alongside this, the increase of hybrid streaming services on the market, which include both AVOD (ad-supported video-on-demand) and SVOD in their business models, underscores the reality that high quality, TV-like content retains the power to capture audience attention regardless of channel or platform. Moving forward, marketers require a holistic approach to TV to identify the channels that complement each other and boost the performance of their campaigns.”

>>> Did you know we print Telemedia Magazine every quarter.  Free to qualified readers.  Essential reading for any buisness that wants to engage users, monetise content and drive sales of VAS and premium applications.  Download the current Issue.
Share.

Leave A Reply