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Digital video advertising is also known as online video advertising has been on the rise in the past 7 years. More and more advertisers are venturing into digital marketing, particularly video marketing.
Several studies proved video marketing is one of the most effective advertising methods. However, many digital marketers are still not aware of the opportunities online video advertising presents.
Video marketing has always been an important part of marketing. However, it was used mostly in television ads even before the coming of the internet.
Now in the era of the internet especially in the last seven years, videos have always been an important part of brand storytelling.
Several brands have used videos to tell their stories while creating brand awareness to capture the attention of their audience and to further convince them to become loyal customers.
Digital video advertising has the potential to capture the audience’s attention in a creative and intelligent way. This is because videos can easily be understood by viewers within the first few seconds of just looking at them.
Based on the importance of online video advertising, we have analyzed, evaluated, and listed effective ways for digital video marketing.
Let’s start with the definition
Online video advertising is a form of video marketing that contains video ads sponsored by brands to acquire paid traffic. Which leads to gaining more visibility in order to increase sales and profitability.
It has become a trend among all digital brands to use video marketing techniques which include video advertising to tell their brand stories to a larger and wider audience.
Considering the popularity of this form of video marketing, let’s explore how effective it is for companies.
How effective is video advertising?
Studies show that online video advertising is very effective compared to any other form of video advertising. They are effective when compared to television video ads and other types of digital advertising.
To support the above paragraph, In a recent study, marketing claims that about 72% of advertising agencies believe video advertising is more effective than television Ads.
This is because many video ad campaigns show that over 71% of the viewers take some sort of action after viewing the video.
They either visit the advertiser’s site, subscribe to their newsletter, make some inquiries, sign up for their services, purchase their products or services, etc.
Digital video advertising results in more leads for businesses and increased conversions which makes it a very effective type of digital marketing.
Another important feature of video advertising is, it involves audio and visual elements that use various effects that are appealing to the viewer. This makes it easy for companies to tell the story of their products and services in a creative way.
Digital video advertising trends
Here is what marketers need to know about video advertising progress. Trends make it very easy for digital marketers to understand what’s going on and help them make more informed decisions about digital marketing campaigns.
Video advertising generally has been growing in all spheres, especially in the last four years. It is believed that the U.S. market alone will spend over $36 billion on online video advertising this year.
Interestingly, these $36 billion will be committed in advance for video advertising. Also, The U.S advertisers will spend $29.24 billion on programmatic video advertising this year alone, this will account for 49.2% of the entire U.S programmatic display spend.
The trend on the video viewers online has also increased to over 63 million people viewing videos online with their various devices. This is a massive increment compared to the 18 million in 2013 based on the figures from the Interactive Advertising Bureau (IAB).
Another survey involving 650 media and technology companies in New York also confirms that about 60% of their advertising budgets are reserved for digital video advertising.
Also, As mobile subscribers’ consumption of video ads grows more and more, brands are also shifting more of their budgets to mobile advertising.
In summary, online video advertising will continue to rise and become more relevant among other advertising methods.
It is estimated that other ad formats such as television, banner ads, text ads, interstitial Ads and push notification ads, etc will rally behind video advertising.
Digital marketers need to take video advertising seriously in order to be more successful with their digital marketing campaigns.
Who Dominates Digital Video Advertising?
The entire digital advertising is dominated by Google and Facebook. There is no doubt these two ad giants take the largest market share of the Ad revenue and also control much of what consumers are given access to see.
In the U.K alone, both Google and Facebook take an estimated 63.3% market share of digital advertising. At the same time, they both keep a market share of 59.3% in the U.S.
These same figures are estimated to be on the rise in the U.K hovering around 64.7 in 2021 and 54.7 in the U.S in the same 2021 according to eMarketer.
See the chart below.
Other dominant players in paid digital video advertising are Amazon, Instagram, Snapchat, and Twitter. Which are also predicted to compete and take a share of the present Google and Facebook-dominated market.
Their estimated share is as follows: Snapchat (0.7%) and Twitter ads (1.4%) will catch small shares below 2% of the UK digital advertising market this year.
However, SnapChats growth is expected to be bigger reaching £100.1 million in advertising revenues which will account for 0.9% of the UK mobile advertising market.
Meanwhile, Instagram is set to increase by almost 52% in 2019 to reach £984.0 million accounting for 6.7% of the UK digital market and 9.5% of the mobile market.
The share of smaller other ad networks is not included here due to their small size of the market. of course, there is an alternative ad network that allows advertisers to place all ad types just like Google did which is AdsTargets.
However, these smaller ad networks are growing and have started sharing some percentage of the ad revenue in major participating countries.
Mobile and digital video ads
It might interest you to know that over 66.53% of the world population has access to mobile phones.
Statistics show that the number of mobile subscribers is even more than the entire population which amounts to over a billion mobile subscribers than the actual world population.
Since 2015 when mobile search requests surpassed desktop, mobile has become a very important part of digital advertising.
It seems the number of mobile users has always been on the rise in the past six years. More and more people get access to smartphones across the globe which presents great marketing advantages.
One of the biggest advantages of these increases in mobile users is that they seem to spend a lot of time on social media. These present marketers with a chance to target their audience.
With the use of various social media platforms and advertising tools, Ad networks such as Google Ads and Facebook Ads present various targeting ways.
It has become easier for digital marketers to target their prospective customers for better success rates using digital video advertising tactics.
To achieve a high success rate for your online video campaigns, see the following tips for better video advertising.
Online Video Advertising Best practices
Having gone through the trends and data of online advertising, let me take you through the best practices that will lead to successful video ad campaigns online.
Mobile Display Fit
Make sure your videos are optimized for mobile so they can fit all mobile sizes.
It is important to check and make sure your digital video advertising campaign displays very well.
This will make users of various smartphones, tablets, and other smart devices can access and view your video easily.
Mind the length of your video
The length of your video is very important to your viewers. This is because long videos will simply discourage them to view the video until the end.
Understanding this should make you create a short video with all the necessary information you need to tell your audience.
Therefore, keep your videos meant for digital video advertising short, precise, and simple to convey the message.
Have a clear call to action
Do not forget that your audience won’t take the right action after watching your video. This means you have to create a clear call-to-action plan when creating your video.
You might choose to tell them to sign up, register, and visit your site for more information. Whichever CTA you choose to use, make sure it is mentioned in the video either in the form of text or audio.
Optimize for social media platforms
Since social media websites have different requirements for the size and length of the required digital video advertising.
It is highly advisable to make sure your video Ad fits each social platform’s size and length and other necessary requirements for greater performance.
All social media platforms have their specification for various ad and video advertising requirements.
Here are some specific video advertising requirements for Facebook, Instagram, Twitter, YouTube, Snapchat, LinkedIn, and Pinterest
|1080 x 1080||1080 x 1080||Max 30 seconds or less||2.3GB|
|1080 x 1920||1080 x 1920||Max 15 seconds or less||4GB|
|1280 x 720||640 x 640||Max 140 seconds or less||512MB|
|YouTube||1920 x 1080||1920 x 1080||Max 30 seconds or less||10GB|
|Snapchat||1080 x 1920||1080 x 1920||Max 15 seconds or less||1GB|
|1280 x 720||1280 x 720||Max 15 seconds or less||1GB|
|600 x 600||640 x 640||Max 30 seconds or less||2GB|
There are more specific details such as accepted video format such as max size and duration. Others include various types of video sizes on different platforms, aspect ratios, and many more which will be covered in the next post.
In the meantime, you can visit SproutSocial for all the required video attributes on all digital video advertising platforms.
Maximize the first three seconds
The first three seconds of you have the ability to convince the viewer to watch your video until the end.
This means the first three seconds of your video should contain the most attractive part of your message.
Convince your audience that your video is worth their time and will be valuable to them.
This can be done by using very curious words or actions that will interest them to watch until the end.
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By doing so, you will then present them with the main message of your products and services or even your entire brand story. It should be as concise as possible.
Logos, brand colors, and slogans are a very important part of branding and should always be used in your videos. This improves your visibility and gives your audience a sense of recognition.
By presenting your brand identity, you help your target audience remember your business and also recognize your brand anytime they see your brand features anywhere.
Most large brands such as Apple, Amazon, and McDonald’s are all known for their logos and colors. So it is vital you remember to include your logos at least in your mobile video ads to keep your brand alive.
Digital marketing has evolved so much in the last seven years and digital marketers also need to evolve in their thinking. There is so much to gain in digital video advertising nowadays.
The issue is, how digital marketers are able to utilize their resources and talent to gain from their video campaigns. Video marketing will continue to be on the rise as more and more as the number of mobile subscribers continues to grow.
Subsequently, social media platforms are also part of the equation as more mobile subscribers spend more time looking at their feeds. marketers need to take advantage of these presented opportunities and make the best they can out of digital video advertising and social media and mobile users.
conclusively, if you have been in the online advertising business for a long, please let us know what you think about this post. suggest ways we can improve it by either adding to the post or letting us know what we can remove or add to the post.
If you are new to digital video advertising,…
we encourage you to use this post and several others on our blog to learn all you need to know about digital advertising.