Social media platforms and online video set to consolidate their dominance in advertising in 2020, despite measurement concerns
80% of APAC marketers plan to increase online video spend in the next year
68% of APAC marketers plan to increase social media spend in the next year
84% of marketers in the region still struggle with cross-channel measurement
A considerate portion of marketers in Asia Pacific (29%) don’t have the right balance and synergies between digital and offline media, while the majority (84%) still struggle with cross-channel measurement. That’s according to the latest annual state of marketing study, Getting Media Right: Marketing in Motion, released today by Kantar.
2020 is set to see a significant rise in digital ad spend, as marketers in the region look to optimise their media mix. 80% of marketers plan to increase their investment in online video advertising over the next 12 months, while 68% plan to increase spend on social media networks and 57% plan to increase spend on podcasts. This is in sharp contrast to print media, where 72% of marketers say they will decrease spend in magazines, while 60% will reduce their investment in newspaper advertising.
Despite the projected growth in online advertising, digital measurement remains a challenge for marketers, with blind spots such as ‘walled gardens’ impacting the ability to understand cross-channel performance. This leaves many advertisers in the dark about the performance of their brand across channels.
Now in its sixth year, Getting Media Right examines the current state of marketing in a fast-moving connected world, and is based on in-depth survey feedback from nearly 500 senior marketers globally spanning advertiser brands, media publishers and agencies globally. It reveals an industry that continues to diversify its usage of different media contexts, yet requires better understanding of how ideas, content and media channels work together to achieve their goals of driving short-term sales and long-term brand growth.
Key findings from the study include:
- The short-term vs. long-term dilemma comes to a head. Almost all marketers in the region (89%) now recognise the importance of balancing short-term sales with long-term brand building. However, still only 61% of marketers are using both short and long-term measurement; 32% still rely solely on short-term sales results.
- Marketers globally still struggle with integrated campaigns, but APAC marketers are having more success. 88% of marketers say they have integrated their marketing organisations, compared to 75% of global marketers.
- Programmatic targeting continues to grow. Four in five marketers in APAC (78%) currently use programmatic targeting for their campaigns – and that is expected to reach 87% in 2020. But still one in five marketers (21%) aren’t confident they’re successfully targeting the right audiences.
- Cookieless advertising could leave marketers in the dark. More than a third of marketers (36%) haven’t begun preparations for a cookieless world, leaving many concerned about how such change will impact the industry.
- Nearly two thirds of marketers (61%) agree that developing custom content is an imperative, but when it comes to understanding how context impacts creative executions, there’s still a gap. More insight is required into how specific content needs to be tailored to specific contexts to improve message receptivity.