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Stuart O'Brien

Mobile ad spend growth set to slow to 12% CAGR

The rapid growth in mobile advertising expenditure is set to slow significantly over the next five-years, according to Strategy Analytics.

After growing over six-fold between 2013 and 2018, growth in mobile advertising revenue will fall to a 12% CAGR and the market value will reach $222 billion in 2023.

In short, while the mobile share of digital advertising will grow rapidly in less developed advertising markets, in advanced markets the share over mobile is reaching a plateau.

Strategy Analytics expects mobile advertising to continue to suffer from headwinds including increased cautiousness following Facebooks Cambridge Analytica scandal and the implementation of GDPR.

Other key findings include:-

  • Mobile advertising will rise from to 67% in 2023. In markets where multi-device use is high, like the U.S., mobile advertising will account for just 58% of all digital in 2023, while in mobile-centric markets like India it will reach 71%.
  • Asia-Pacific is leading the mobile transition, representing around 44% of global mobile ad spend across the period. At a country-level and in terms of absolute ad spend, the U.S., and mobile-first markets China and Japan will remain leaders although their positions will erode.
  • Search will remain the dominant mobile advertising format with 47% of ad spend across the period while mobile video ad spend will be the fastest growing (+16.5% CAGR over 2018-2023) driven by the adoption of 6-second mid-rolls, and vertical ad formats by industry leaders Snapchat, Facebook and more recently YouTube.

Brice Longnos, Analyst Wireless Media at Strategy Analytics, said: “Growth of mobile advertising in developed markets, where the largest brands and advertisers can be found, is slowing down as mobile competes with other screens for eyeballs, such as connected televisions. Meanwhile, in emerging mobile-first markets, mobile phones may be the primary screen for content consumption but ad budgets are lower. Therefore, the contribution to global mobile ad spend from those markets will be marginal.

“Furthermore, the progression of programmatic in display and video advertising will make ad spend more cost-efficient, increasing impressions and engagement per dollar spent. These three factors explain why we see mobile advertising expenditures slowing from 2018 onwards.”

Nitesh Patel, Director Wireless Media, added: “With mobile accounting a dominant share of revenues for leading social networks Facebook, Snapchat and Twitter in Europe, the restrictions imposed on customer data collection will be particularly felt as advertisers and publishers figure out the best approach for delivering targeted advertising while complying with regulation. In the long run, we expect advertisers to benefit as consumers giving consent will be more receptive and engaged with ad experiences.”

Video now accounts for 25% of US digital ad spend

Services such as Facebook Watch have driven US digital video advertising to new heights in 2018, with spend increasing by almost 30 per cent to $27.8 billion.

The latest figures from eMarketer also indicate that video will make up 25 per cent of all digital ad spend for the year, with Facebook (including Instagram) taking 24.5 per cent of video spend at $6.8 billion.

Moreover, eMarketer says Facebook takes 87 per cent of all US video ad spending on social networks, having experienced particular success with in-feed video ads.

eMarketer principal analyst Debra Aho Williamson said Facebook will likely experience further success with in-stream video ads in Facebook Watch, which appear within the video player in the same way as TV commercials.

Perhaps most interestingly though, YouTube is well behind Facebook in terms of video ad spend, generating ‘just’ $3.4 billion in the US in 2018, up 17.1 percent from 2017.

Twitter is very much the poor relation, generating $633 million from video ads in 2018, while Snapchat will generate $397 million.

Marketers to adopt traffic light labelling for data transparency

Leading marketing and media trade groups have unveiled the beta version of a new industry standard Data Transparency Label.

The new label was developed by the ANA’s Data Marketing & Analytics (DMA) division, the IAB Tech Lab, the Coalition for Innovative Media Measurement (CIMM) and the Advertising Research Foundation (ARF).

The Data Transparency Label was introduced during a presentation at Advertising Week 2018 with support from ANA, The ANA Council for Data Integrity, IAB Tech Lab’s Data Transparency Standards Working Group, IAB’s Data Center of Excellence, CIMM and ARF.

The label is the culmination of more than a year’s work in developing a “nutritional label” equivalent for audience segment data sets that discloses source, collection, segmentation criteria, recency and cleansing specifics. The group is also establishing a centralised database to house the label information, as well as an associated compliance program that will govern disclosure, certification and validation.

The trade associations and their members were motivated to develop this standard Data Transparency Label to help reputable marketers, fundraisers and agencies better leverage data in a responsible manner, to enable the delivery of increasingly-relevant messages to consumers and donors and to improve the overall consumer experience with content and advertising.

The thinking is simple – data buyers are making billions of dollars in media spend decisions based on audience segmentation data, but few tools enable marketers to learn “what’s inside” the data they buy.

The Data Transparency Label, which was developed to serve as an industry standard, is comprised of four descriptive sections designed to better inform buyers of each data set’s ingredients:

  1. Data Solution Provider and Distributor Information
    Who provided the data segment, inclusive of contact information, for both data solution distributor and, where applicable, original data provider;
  2. Audience Snapshot
    What audience segment the label describes, including both the provider’s branded audience segment name as well as the most relevant segment name from a new standardized taxonomy, a top-line audience description and applicable geographic coverage;
  3. Audience Construction
    How the segment was constructed, inclusive of details such as audience count, any applicable modeling or cross-device ID expansion that may have been applied, audience refresh rates, and event lookback window for inclusion;
  4. Source Information
    Where the original data components were sourced. Required for each significant data source, this component includes details on data provenance, data collection techniques, refresh frequency, and event lookback window.

With the announcement, data, technology, media and marketing companies are now being invited to participate in a six-month public comment period, during which time participants can test-drive the label with up to fifty common syndicated audience segments provided by globally-recognised data solution providers such as Oracle Data Cloud, LiveRamp, Neustar, Lotame, Acxiom, Experian, TruSignal, Fluent and FullContact.

During the six-month public comment period, interested parties can explore how a Data Transparency Label can be used and accessed at DataLabel.org, an online tool that demonstrates how viewers could search, inspect, and compare sample labels housed either within a participating DMP/DSP platform, or directly on DataLabel.org as a distinct access point.

Along with ANA, IAB, IAB Tech Lab, CIMM, and ARF, this initiative is being driven by 15 association member companies, including a Leadership Committee that includes LiveRamp, MediaMath, Neustar and Oracle Data Cloud, and a working group that includes 1-800-FLOWERS, Acxiom, Disabled American Veterans (DAV), Experian, FCB/SIX, FullContact, Fluent, Moxie, Publisher’s Clearing House, TruSignal, MetLife and the United States Postal Service.

“Client-side marketers and fundraisers have been demanding better standards around data quality and integrity. We felt it was important to corral several industry wide initiatives into one industry standard to enhance efficiency and to improve the toolset that client-side marketers and fundraisers use to make important decisions about data segments. In collaboration with CIMM, ARF, IAB and IAB Tech Lab we are delighted to bring this important tool in data transparency to market,” said Tom Benton, ANA Group EVP, DMA Division. “The industry now has a well-considered, easy to use and easy to understand label that clearly defines critical data source information. We hope that the transparency this label brings will be a driving force that improves data integrity, data quality, and the decisions that marketers and fundraisers make every day.”

“The Data Transparency Label enables meaningful understanding of segment attributes and sourcing practices across data providers,” said Dennis Buchheim, Senior Vice President and General Manager, IAB Tech Lab. “The collaboration with ANA, CIMM, ARF, and IAB – alongside complementary Tech Lab efforts to facilitate privacy-compliant data access and activation through a common ID namespace – enables more effective and responsible use of data in marketing and helps improve consumer ad experiences. As a whole, these initiatives provide a foundation to support digital marketing’s ongoing role in funding content and services.”

SAVE THE DATE: Digital Marketing Solutions Summit 2019

The next Digital Marketing Solutions Summit will take place on May 14th 2019 at the Hilton London Canary Wharf, bringing marketing professionals together with the digital solutions they need.

The concept of the event is simple: Delegates receive an itinerary of meetings with the solution providers that match their strategic needs for 2019 and beyond.

Simple and effective. And no time wasted.

And it’s free for marketing industry professionals to attend as delegates – simply click here to register your place.

More bespoke than a digital marketing conference and more focused than an expo, the Digital Marketing Solutions Summit is the only event you need to attend this year.

For more information on registering as a delegate, contact Katie Bullot on 01992 374049 or email k.bullot@forumevents.co.uk.

Alternatively, if you’re a digital marketing solutions provider and would like to showcase your products and services at the event, contact Joel Millson on 01992 374070 or email j.millson@forumevents.co.uk.

There’s still time to register for the Print & Digital Innovations Summit, but hurry!

There are just a handful of places left for next month’s Print & Digital Innovations Summit, so don’t delay if you’d like to join the event as a VIP guest!

REGISTER YOUR FREE PLACE HERE to meet new suppliers for pre-arranged, 1-2-1 meetings based on your unique requirements. You will also be able to:-

  • Attend insightful seminars by industry thought-leaders
  • Network with other senior print and marketing professionals
  • Enjoy lunch and all refreshments on us!

Places are limited, however, so register now to secure your place and avoid disappointment.

Or for more information, call Emily Gallagher on 01992 374084 or email e.gallagher@forumevents.co.uk.

To attend as a supplier, call Sam Walker on 01992 374054 or email s.walker@forumevents.co.uk.

For more information, visit www.printinnovationssummit.co.uk.

Vodafone, HSBC and Shell top UK valuable brand rankings

Consumers place more value on innovation as food and drink is named the most innovative sector in the BrandZ Top 75 Most Valuable UK Brands ranking.

The rankings, compiled by  WPP and Kantar Millward Brown show newer brands Just Eat, Innocent, Deliveroo and Brewdog entering 2018 UK list, which has been extended to include 75 brands.

Vodafone remains at no.1 with an increase in value of 6% to reach $28.9 billion, followed by HSBC (+7%, $23.6 billion) and Shell (+10%, $20.3 billion).

The BrandZ UK Top 75 is worth $271 billion (around £205 billion) – equivalent to just over 10% of the UK’s GDP. The 50 most valuable brands on the list have gained 5% in total value in the last year, compared with the 2017 BrandZ UK Top 50. The top innovators increased brand value by 25% more than their rivals.

This growth has been driven by the Top 10 risers, which have grown at nearly four times the rate of the rest of the brands. The fastest riser is Prudential, which increased its brand value 40% in the last year, followed by Dyson (31%), Asos (31%), and Dulux (18%). The BrandZ research shows that consumers perceive these fast-rising brands as particularly innovative and good at communicating, and they also have much stronger brand equity than the average across the ranking.

The brands that have entered the UK ranking for the first time, which are worth on average $1.1 billion, include Just Eat (no.30), bet365 (no.44), Compare the Market (no.46) and Ocado (no.49). Consumers view them as highly differentiated, recognising them for ‘shaking things up’ and providing a great experience.

However, the older established names that remain at the top, such as Dove (no.10) and Shell (no.3), are worth $4.9 billion on average. These brands are considered less different, but more meaningful and top of mind.

Higher perceptions of innovation are proven to stimulate value growth: the brands in the BrandZ UK ranking that consumers perceive as the most innovative rose +18% in value in the last year, while the least innovative declined -7%.

David Roth, at WPP, said: “The nation’s most valuable 75 brands have all risen to the top in a highly competitive, crowded and uncertain environment. Consumers value innovation, and it is key to helping UK companies’ future-proof their brands, deliver sustainable growth and increase in value; ever more vital in a post-Brexit world.”

The 2018 BrandZ Top 10 Most Valuable UK Brands

2018 Rank Brand Category Brand Value (US$bn) Percentage BV Change 2017 Rank
1 Vodafone Telecom providers $28.9 +6% 1
2 HSBC Banks $23.6 +7% 2
3 Shell Oil & gas $20.3 +10% 3
4 BT Telecom providers $13.6 -4% 4
5 Sky Telecom providers $12.0 +11% 6
6 BP Oil & gas $11.8 +4% 5
7 Tesco Retail $9.1 +2% 7
8 Lipton Soft drinks $8.7 +6% 8
9 Barclays Banks $6.3 -7% 9
10 Dove Personal care $6.0 +1% 11

The BrandZ research indicates that the UK is still catching up when it comes to innovation. In 2017, consumers perceived the UK’s most valuable brands as only slightly more innovative than the average brand, putting them at risk from global competitors and new disruptors.

The innovation score across the 50 most valuable brands in the UK was 102; in 2018 this has risen to 105 (the average brand is 100). This is lower than the 50 most valuable brands in the Global Top 100 (113), the US (111), Indonesia and China (both 108), Germany (107) and India (106).

Jane Bloomfield, Head of Business Development at Kantar UK, said: “Established and new brands can learn a lot from each other. Those older brands that form the bedrock of the UK economy have great staying power, having built salience and meaning. To grow, they need to work on increasing consumer perceptions that they are different, innovative and relevant.  The disruptors entering the ranking, meanwhile, need to make their difference meaningful and salient to consumers – if they fail to do so they could have a short lifespan.”

Social platforms and alcohol brands team up on responsible advertising

The eleven leading beer, wine, and spirits companies that form the International Alliance for Responsible Drinking (IARD) have teamed with Facebook, Snapchat, Twitter and YouTube to set advertising standards.

Signatories on the beverage side include big hitters ABInBev, Asahi, Bacardi, Beam Suntory, Brown-Forman, Carlsberg, Diageo, Heineken, Molson-Coors, Pernod Ricard and Kirin.

The partners say the agreements means they can achieve new levels of responsibility in the advertising of beer, wine and spirits across social media. This will be achieved by:

  • Ensuring the most-up-to-date safeguards are used so that marketing communications relating to beer, wine and spirits are directed to those adults who can lawfully buy these products;
  • Exploring what changes can be made to further diminish chances of those underage seeing such advertising
  • Exploring ways people can have greater control over whether they see alcohol advertising and opt out of receiving advertisements for alcohol products.

In addition, the partners have stated that they respect different cultural backgrounds and recognise that there are people who do not wish to see marketing communications from beer, wine and spirits producers on their social media.

In joint statement they said: “We believe our partnership has the potential to go beyond our individual companies and could create change across a range of platforms and advertisers, ultimately benefiting the thousands of businesses who want to advertise responsibly and the billions of people who use digital platforms every day.”

More information can be found at http://www.iard.org.

Do you provide Lead Generation & Tracking solutions? We want to hear from you!

Each month on Digital Marketing Briefing we’ll be shining the spotlight on different parts of the print and marketing sectors – and in October we’ll be focussing onLead Generation & Tracking solutions.

It’s all part of our ‘Recommended’ editorial feature, designed to help marketing industry professionals find the best products and services available today.

So, if you specialise in Lead Generation & Tracking solutions and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Stuart O’Brien on stuart.obrien@mimrammedia.com.

Here are the areas we’ll be covering, month by month:

October – Lead Generation & Tracking

November – Brochure Printing

December – Creative & Design

For more information on any of the above topics, contact Stuart O’Brien on stuart.obrien@mimrammedia.com.

Global marketing technology market valued at $100 billion

The global marketing technology market is worth $99.9 billion, according to a study by accountancy Moore Stephens and research outfit WARC.

The study, carried out amongst more than 800 UK, North American, Asia-Pacific and European brands and agencies, was initiated to better understand the scale of investment into the sector, and reveals not only a huge existing market, but one that continues to grow exponentially.

When asked about the outlook for the market, brands expect to increase their investment in martech for the year ahead. This is particularly true in the case of Europe (excluding UK), where nearly two thirds (63%) said they expect their budgets to increase.

In the UK and North America, brands have increased their martech budgets by 44%, it’s now worth up to $52 billion. These brands are spending nearly a quarter (23%) of their budgets on martech, up from 16% 12 months ago.

Interestingly, brands in UK and North America are also keen to spend on in-house technology.

63% of technology budgets were spent in-house – compared to 44% last year – a figure driven by a desire from brands to excel in their customer experience, coupled with an element of mistrust in agencies.

Damian Ryan, Partner at Moore Stephens, said: “Investment in martech has reached a tipping point over the last twelve months. Established marketers in disrupted industries, such as insurance and financial services, realise they need to invest if they are to future-proof themselves, and view martech as a key area of investment. Just look at Nationwide Building Society’s recent announcement of £1 billion investment in tech. Staying relevant is key but taking on the new breed of competitors – such as Revolut – is creating a big rethink.

“All the while, agencies are struggling to stay relevant. Clearly marketers are seeking to build in-house strength and are set to spend more on martech to remain competitive. Our research finds that this budget is coming from media spend and will have a resounding impact on the value of media-centric agencies.”

Looking at the global market, those who said their budget will increase expect to see an average increase of 13%. Even more indicative of a fast-growing market is the fact that around one-in-five (18% in North America, 17% UK) expect increases of more than 25% in their martech budgets over the next year.

The research also looked at the specific technologies behind the market. On a global scale, perhaps unsurprisingly, email remains the most likely avenue for martech, used by 79% of marketers. This is closely followed by social media, with 77% currently using the technology with a further 18% expecting to use in the next 12 months.

The most planned for tactic in the year ahead, interestingly, is SEO – an established marketing discipline, but one which continues to change as algorithms develop. The biggest rise, year-on-year for the UK & North American market, was the use of martech for analytics, measurement and insights, selected by 75% – a 19% rise on a year ago.

The study showed that the most established tech currently in use is that of ‘internet of things’ (IoT) and connected devices. Second is voice which has seen rapid development over the past year, influencing the way searches are made online and driving progress in areas such as voice optimisation. A new wave of martech tools will likely emerge, and when the results are broken down by region, the UK is likely to be the most progressive in terms of voice search, with 36% stating they currently use a tool in this area, and a further 11% planning to do so in the next few months.

Amy Rodgers, Research Editor at WARC, said: “There has been no discernible sign that the rate of growth within the martech space is slackening. With data volumes continuously increasing, this research shows that data, analytics and automation are key focuses for martech investment globally as marketers look for help with metrics and measurement.

“Understanding of the technology available continues to be an issue for brands, however, and with many planning to move tech in-house over the next year, agencies will have to adapt to a changing, advisory role in the martech strategies of their clients.”

Click here to download a copy of the Martech: 2019 And Beyond report.

Is your name on the Print & Digital Innovations Summit VIP guest list?

Add your name to the VIP guest list for the Print & Digital Innovations Summit – it’s entirely FREE for you to attend and takes place on November 22ndat the Hilton Canary Wharf.

Register your FREE place here to benefit from:-

  • Pre-arranged, one-to-one meetings with suppliers who match your individual requirements and projects
  • Access to seminar sessions hosted by industry thought-leaders
  • Complimentary lunch and refreshments
  • No hard sell guaranteed, just new business connections

Plus, you’ll have ample opportunity to network with peers, with our registered delegates including:

A Nelson & Co Alliance Healthcare Abel & Cole
Boden British American Tobacco Brora
BskyB Bunzl Retail Supplies Canada Life
Cancer Research UK Charles Tyrwhitt Christian Aid
Chartered Institute of Civil Engineering Surveyors Civil Society Media Commonwealth Secretariat
Corinthian Sports Covea Insurance Demco Europe
Direct Line Group Dootrix Dubarry
Esure Fitflop House of Commons
J Murphy & Sons John Lewis Jigsaw
Kingsley Hamilton Estates Magnuson Hotels Marie Curie
Megger Miller Insurance Services Not On The High Street
Pasquilll Peterborough City Council Santander
Swansea University Taylorwessing The Hut Group
The Lalit London The Wedding Shop Volkswagen

Would you like to join them? To activate your ticket, complete the REGISTRATION FORM HERE!

This is a day of introductory meetings, inspirational seminar sessions and opportunities to network with like-minded professionals throughout the event.

Plus all meals and refreshments are included in your complimentary invite.

Places are limited, so register now to secure your place and avoid disappointment.

Or for more information, call Emily Gallagher on 01992 374084 or email e.gallagher@forumevents.co.uk.

To attend as a supplier, call Sam Walker on 01992 374054 or email s.walker@forumevents.co.uk.

For more information, visit www.printinnovationssummit.co.uk.