Mediaocean reveals H1 2022 Market Report findings

KUALA LUMPUR, June 2 (Bernama) -- Mediaocean, the mission-critical platform for omnichannel advertising, has released its H1 2022 Market Report.

The report underscores the biggest issues facing marketers, which include the adoption of emerging identity solutions as well as cross-channel planning and measurement.

“2021 was an unpredictable year for marketers, while 2022 has some pent-up demand balanced by economic uncertainty. Our research reflects cautious optimism of industry leaders as they try to adapt to fast-paced technological advances,” said President at Mediaocean, John Nardone.

“Our survey found 60 per cent of marketers are confident in the viability of cookieless solutions, which is close to what we saw in Q4 2021. It’s encouraging to see that our respondents maintain a positive outlook moving into the second half of the year.”

According to a statement, most notably, the findings of the new study show a clear concern about how the advertising industry will adopt privacy-friendly identity solutions in a post-cookie environment.

Marketers who responded to the 2022 survey say they are highly focused on restoring a multi-signal view of digital audiences – a view that has noticeably shrunk with the decline of cookies and other identifiers. Despite these challenges, marketers show optimism around the future of new cookieless solutions.

When asked about which marketing technology innovation will be most impactful for advertising in 2022, the largest number of respondents (26 per cent) cited measurements centered on non-cookie methods such as media mix modeling, federated learning methods, panels, etc.

Meanwhile, 22 per cent of respondents believed that improvements in integrated media planning and execution would be most effective.

Other key findings show the advertising industry is continuing its investments in digital channels. Connected TV is poised for massive growth with 60 per cent increasing their budgets, and 70 per cent of advertisers are increasing budgets for digital display and video.

The survey was conducted using TechValidate to gather insights from 600+ leaders at brands, agencies, media providers, and tech companies around the most pressing issues in the advertising industry.

More details at www.Mediaocean.com.

-- BERNAMA