A new study by DAX, the digital audio exchange created by Global, entitled The Rise of the Digital Audio Advertiser has explored advertisers’ and media agencies’ views on digital audio in 2018 and the future.
The study – conducted by research firm mtm, who surveyed and interviewed 232 senior and mid-level executives at leading media agencies and brand owners - predicts that the rise in voice-activated devices and podcasts will drive change among advertisers.
One crucial finding was that 79% of advertisers and agencies believe reaching audiences through voice-activated devices in the next 12 months is key, with 68% planning to create ads specifically for voice-activated devices in 2018. Similarly, as digital audio consumption increases, 77% of advertisers and agencies agree advertising in podcasts represents an untapped opportunity, with 66% of advertisers saying they will advertise in podcasts this year.
This new study is definitive proof that advertisers are tuning into the benefits of digital audio
Mike Gordon, chief commercial officer, Global
Speaking about the findings, Mike Gordon, Global’s chief commercial officer, said: “From the explosion of new technologies, such as voice-activated devices, to advanced targeting and immersive experiences, our findings show that digital audio is driving real change in the way advertising is planned, created and bought. We created DAX to offer advertisers a simple way to reach the growing number of people consuming digital audio in the UK and around the world. Since we launched DAX, the demand from advertisers has intensified as consumer behaviour has evolved. This new study is definitive proof that advertisers are tuning into the benefits of digital audio with 84% planning to invest more in digital audio in 2018.”
To read the full The Rise of the Digital Audio Advertiser Report, thisisdax.com. A list of key findings provided by DAX include:
Digital audio investment set to increase
Advertisers and agencies are expecting to invest more in digital audio in the next 12 months, with 84% saying it will play a bigger role in their media plans in the future.
The digital audio revolution
With the dramatic rise in popularity of connected devices, 84% of advertisers and agencies surveyed said digital audio allows advertisers to reach a growing audience.
Digital audio is the ultimate companion media
Advertisers and agencies believe digital audio fits easily into people’s lives and complements other activities, more so than any other media. Three quarters (74%) of advertisers and agencies believe listeners are highly engaged with digital audio. Digital audio is more and more popular with advertisers because of its immersive quality. 86% of advertisers and agencies agree digital audio is a great way to reach audiences in a one-to-one context, more so than any other media including TV, social and print.
The advanced capabilities of digital audio
Advertisers and agencies are now taking advantage of the new capabilities that digital audio advertising provides with particular interest in three areas: advanced targeting, dynamic creative and programmatic buying. 81% of advertisers and agencies believe digital audio gives brands new ways to target consumers, particularly through geo-targeting. As well as targeting, most advertisers and agencies (78%) think the ability to use dynamic creative makes digital audio an increasingly attractive advertising medium. Dynamic audio enables advertisers to change parts of the message in an audio ad based on targeting or contextual data, the potential variations of one ad can reach into the thousands in a way that has never been possible before.