Connected TV (CTV) advertising is on the rise as consumers are spending more time watching CTV programming, creating opportunities for advertisers.
Challenges faced by media sellers include convincing small and medium-sized businesses (SMBs) about the effectiveness of advertising on CTV and dealing with low fill rates.
Despite the growing viewership on CTV, advertisers are not yet investing as much in this format as they should, with complexities in buying ads on CTV being a major factor.
Local advertisers, especially in verticals like hospitals, automotive, legal services, and supermarkets, are projected to increase spending on CTV advertising, with agencies playing a key role in helping SMBs navigate the CTV advertising landscape.