Mumbai: India is undergoing digital transformation and consumers are steadily moving away from traditional linear TV to Connected TV and OTTs – a change that presents an untapped advertising opportunity for brands and advertisers. As many as 78 per cent of people own a Smart TV and 93 per cent of these smart TV users access internet-based content found mediasmart- an Affle company in its latest report.
The survey - ‘India CTV Report 2021 - Mapping Connected TV (CTV) Viewership in India and the Opportunities for Brands’ released this week documented this changing media consumption patterns of the Indian consumer with an expert view on the possible advertising potential of the CTV medium. According to the report, mobile-first, active, and aware CTV consumers are young, urban adults who are already mobile-first and are actively engaging with diverse apps.
Nearly 89 per cent of the respondents are social media users, and 82 per cent are e-commerce, 44 per cent are gamers and more. Over 59 per cent of respondents prefer downloading apps via Smart TV App Store, while 26 per cent respondents primarily consume content via pre-installed apps and a small section (15 per cent respondents) use the dongle to stream content on TV.
Close to 70 per cent of respondents spend between one to four hours on CTV watching movies (91 per cent), streaming music (64 per cent), playing games (47 per cent) or watching news (64 per cent).
In terms of the pending ability and OTT preferences, over 65 per cent of respondents subscribe to more than one OTT app. There is over 40 per cent adoption for the leading eight OTT apps in India: Disney+Hotstar, Amazon’s Prime Video, Netflix, Zee5, MXPlayer, Sony LIV, VOOT , and Alt Balaji. The inclination on app usage is also heavily dependent on seasonality and timing
There are limited barriers to viewership and adoption. Unlike mobile usage of the internet, which requires literacy levels, CTV consumption cuts across age, language, and city barriers. By going vernacular, advertisers can engage with users in ads of their language
Mediasmart, senior director, Nikhil Kumar said, “The world is moving towards immersive watching experiences and CTV is an exciting space to be at. It is interesting to see leading advertisers in the country adopt CTV advertising as a critical new addition to their media mix. CTV advertising is here to stay and with evolutionary solutions provided by mediasmart on Household Sync technology, we are powering brands to engage with relevant consumers across the connected devices.”
India is a young market with tremendous potential for CTV adoption. CTV inherently is more engaging than traditional TVs and brings together the twin strengths of (a) engaging storytelling associated with CTV advertising and (b) targeting associated with Programmatic & Digital advertising.
According to Interactive Avenue CEO Amardeep Singh advertisers globally - and in India - are lapping up the CTV opportunity as it continues to grow as an exciting medium for digital advertising. “We have seen great results and ROI for some of our top clients who are already using the CTV ad technology from mediasmart. This research is a step in the right direction to build standard industry metrics, even as technologies like Household Sync make CTV more measurable and impactful,” said Singh.
