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Programmatic OTT Advertising: An Overview

Programmatic OTT Advertising: An Overview

Sonal Agarwal
Jun 19, 2024
Programmatic OTT Advertising: An Overview

In today’s competitive landscape, where brands are finding new ways every day that can help them stand out among others, programmatic OTT advertising is a trend that has gained huge traction. This is a combination of two of the most effective strategies, which makes it almost incomparable to any other strategy in the market. To understand what programmatic OTT advertising is, let’s break it down into two terms: programmatic and OTT.

Programmatic: Programmatic advertising involves the use of automation software to purchase digital ad space. This helps brands place ads that are only targeted at a specific audience. This is a popular advertising trend that has replaced the traditional methods of selling digital ad spaces while eliminating the need for negotiations.

OTT: In current times, the definition of entertainment has changed. People are increasingly shifting away from traditional cable TV platforms to watch their favorite content on new platforms. This has also created new opportunities for advertisers, with OTT ads being one of them. OTT or over-the-top platforms have gained huge popularity as they are delivering content to viewers directly through the internet, and OTT ads allow the brands to reach people where they already are.

In simple words, programmatic OTT advertising can be defined as the customized and automated process of exchanging digital ad space between advertiser and publisher through real-time bidding via streaming platforms and CTV devices.

Why Should Advertisers Consider Programmatic OTT Advertising?

In the current scenario, the increasing importance of using programmatic methods to boost OTT advertising success is something that cannot be ignored. OTT alone can prove to be a game changer because of its targeting capabilities, but when combined with programmatic advertising, it can actually give the upper hand to the advertisers. Programmatic advertising has revolutionized the way of selling and buying ad inventory and slowly became a critical component of digital marketing.

Programmatic advertising enhances the opportunities created by OTT by combining target audience efficiency with wider reach, quicker bids, and purchases. Simply put, programmatic OTT advertising is the most efficient way to ensure that a brand is reaching the right people at the right time.

Benefits

Here are some of the major advantages of using programmatic OTT advertising:

Automation

Gone are the days when you needed hours to buy digital ad space. The best thing about programmatic OTT advertising is hassle-free ad buying, all thanks to the real-time bidding process. It not only saves a significant amount of time but also reduces the effort required as well.

Algorithmic

In programmatic ad buying, algorithms are used to pinpoint when and where to deliver the ad content to the audience. It is done by using the data collected from a large group of users. These algorithms also help in buying the ad space that is relevant to the criteria.

Precision Targeting

With access to demographics, location, device, operating system, browsing history, etc., it gets a lot easier to target high-potential users. This precision targeting helps your brand message reach the right people while reducing ad waste.

Ad Interaction Funnel and Detailed Analytics

Setting a clear goal for your advertising campaign helps you determine its success. In programmatic OTT advertising, you get real-time reports along with detailed analytics. So, it gets easier to optimize and make changes to the ongoing advertising campaigns. 

Given all these reasons, programmatic OTT advertising is definitely a better choice when compared to traditional methods that are less data-driven. Today, a number of leading names are utilizing this effective strategy to raise brand awareness. Some of these are Fidelity Trading, Microsoft Teams, Apple News+, Subway, etc. [source]

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Expand Your Reach the Right Way
The last few years stood witness to the boom in Connected TVs and Over-the-Top platforms, which established themselves as the primary source of video content for a majority of the world’s population. As more people shifted to these platforms as compared to linear TVs, for brands and advertising companies, CTV and OTTs represented new opportunities to reach a new, diverse, and growing audience base. Whether it is brands or advertising companies, integrating connected TV into their digital campaigns can significantly improve the impact of their cross-channel marketing strategies.
Communicate Your Message Loud and Clear with ADCTV
Despite the significant growth OTTs and CTVs have showcased, the platform still has a lot of untapped potential that is just being discovered by brands and advertising companies. OTT and CTV brand experiences can help maximize returns on your dollar spends as your connected TV advertising campaign takes your communication to a variety of channels and platforms across the CTV landscape.Whether you are a brand or advertising companies, OTT and CTV advertising with ADCTV offer top features and capabilities to help you create immersive, interactive, and engaging connected TV advertising experiences. Companies can use turnkey templates, or build their own templates, to build engaging rich media ads for their campaigns, which are created with universally accepted ad tags. Additionally, ADCTV also offers transparent real-time reports that allow you to measure and analyze campaign performance and optimize ROIs.