Key Components of Connected TV & OTT Advertising Services
Content Distribution Platforms
CTV and OTT content is consumed on a connected device such as a Smart TV, Streaming device (such as Roku, Apple TV, Amazon Fire TV), Gaming console, or mobile device. These devices host applications or channels that deliver videos over the internet.
Targeting Capabilities
CTV and OTT let advertisers target viewers based on their demographics, interests, behaviors, and previous watching history, such as programmatic ads. This targeting helps deliver advertisements to the appropriate audience, thus increasing the efficiency of the ads.
Ad Formats
Advertisers can choose from a range of ad formats, including preroll, midroll, and post-roll videos, engaging ads with call-to-action that users can interact with, for instance, click on, among others. All these formats are created to complement the viewing experience and make the user’s experience smoother.
Measurement and Analytics
OTT and CTV offer excellent measurement and analytical tools for evaluating an ad’s effectiveness. Some of the most popular assessments include impressions, completion rates, Click-through rates (CTR), and conversions to measure the efficiencies of campaign targeting and creatives.
Cross-Screen Reach
Compared to traditional TV advertising, CTV and OTT advertising include opportunities to reach viewers across a wide range of screens, such as TVs, computers, tablets, and portable phones. Cross-screen advertising has minimal gaps, meaning that advertisers can reach audiences when they are consuming content.
Ad Inventory and Auctions
CTV and OTT ad inventory is bought and sold through Private Marketplace (PMPs), direct deals, and open bidding. Programmatic buying or Real-Time Bidding (RTB) enables pricing and buying ad inventory on the fly with bids and goals in mind.
