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The requirement to protect user privacy will continue to be at the forefront of ad tech developments making contextual targeting the star feature of 2023 and beyond. Billion by 2027. The rise of white-label adservers. Video killed all other ad formats.
Share Tweet Share Videoads are an undeniable choice for attention and engagement. The videoad spend and videoad revenue forecast reflect that well: $59 billion was spent on videoads in 2023 , and the online ad revenue is forecasted to reach $362 billion in 2027.
The news is the latest sign of Spotify’s push into video, as it looks to grow its catalogue of video content and compete for digital ad budgets. The platform already serves videoads and hosts video podcast content; the company reports that more than 170 million users have watched a video podcast on Spotify.
For example, IAB data from earlier this week projected that total US digital videoad spend this year – including all CTV and social video – will hit $63 billion, or roughly $16 billion per quarter. But the publisher is still keeping faith in the strategy, aiming for profitability for the standalone unit by 2027.
Apple Expands its Ad Ambitions with News Ads Apple has begun selling its own ad inventory within Apple News, according to a report from Axios this week, expanding its small but significant advertising business. The tech giant’s ad offering has historically been small, limited mostly to its app store search business.
Makes CTV Move with Machine Learning-Driven Auctions EX.CO, an online video platform, is expanding its adserver to support auctions in connected TV and digital OOH, the video tech firm announced on Monday. This Week on VideoWeek Paramount Builds Out Unified VideoAd Product as Channel 5 Revamps Streaming Service EX.CO
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