84% households in India have more than one person watching Connected TV, and nine out of 10 CTV viewers recall being exposed to ads, as per the latest India CTV 2.0 report by mediasmart.
mediasmart, an Affle company, has launched the second edition of its India CTV Report 2022 titled ‘India Says Yes to Connected TV!’.
The report highlights consumer adoption trends across metros and non-metros and a significant shift in CTV’s ad potential for brands and marketers.
As per the report, the Covid-19 pandemic played a catalyst with more homes getting wired broadband connections. As we go into the festive season across the country, that trend continues with more users discovering CTV as the new way to consume content at home with families. In many Indian households, the co-viewing phenomenon on CTV is driven by adults, including users from older demographics.
Globally and in India, marketers are using CTV for high-impact storytelling, amplified brand engagement, and driving action and conversions on mobile. With CTV’s potential to offer measurable advertising on television and to connect the journeys of the users both online and offline, CTV presents remarkable opportunities for brand impact in the ongoing festive season.
According to the report, key CTV viewership trends and insights include:
Nikhil Kumar, Vice-President, India and SEA, mediasmart, said, “Our report this year goes deeper into the reach and impact of CTV. It is interesting to see how far CTV has grown into the metros and non-metros. It's a stark revelation to see CTV's growth into a family viewing phenomenon that is bringing people back to their living rooms. The audience for CTV is fairly well spread across the diversity of content offered by multiple OTTs and now beginning to explore newer genres like Games, Live News, as other top choices. This consumption shift has also led to significant growth in co-viewing which is not restricted to a certain demographic or geographic segment either. This holds huge potential for advertisers who can leverage emerging technologies like mediasmart's CTV Household Sync to connect the worlds of TV and mobile and drive impact."
Shailesh Varudkar, Chief Business Officer, VTION, said, “Our partnership with mediasmart in 2021 was the first-of-its kind research on CTV viewers in India and their habits, sliced-and-diced by various demographics and came at a time when there was little industry knowledge about this category. This year, as we go deeper and wider into the country, the newer learnings from our CTV2.0 report will further give an impetus to the growing appetite and enthusiasm for CTV among consumers and advertisers.”
Elaborating on India’s potential as a robust market for CTV adoption, Amardeep Singh, Co-Founder and CEO, Interactive Avenues, said, “CTV has the potential to truly democratise TV advertising by allowing even low-budget advertisers to connect with audiences on TV. This edition of mediasmart's report will help advertisers understand the nuances of the medium better along with the changing consumer behaviour and also instil confidence regarding CTV's role as an impactful advertising medium through measurable technologies like mediasmart's CTV Household Sync.”
Gopa Menon, Head of Digital South Asia, Mindshare, added, “India is a young market with a tremendous potential for CTV adoption and CTV offers great opportunities to advertisers where they can get strong consumer insights on viewing habits and also target specific cohorts to drive the brand message effectively and efficiently.”
Vishal Chinchakar, CEO, Madison Digital, added, “We have come a long way from last year, when the ecosystem in India was embarking to explore the CTV Opportunity, to now when top clients are insisting on the inclusion/ better understanding of CTV in their media plans.”
Commenting on CTV’s impact for brand lift, Mohit Joshi, CEO, Havas Media Group India, said, “CTV ecosystem creates meaningful exposures to reach the target audience. The platforms and the formats have opened up a vast opportunity for us in terms of innovation, strategy, and creating best practices for CTV advertisers.”
Shibu Shivanandan, Founder and MD, PivotRoots, said, “The good thing about CTV advertising is unlike traditional TV, advertisers get to choose their potential audience. Hence, a complete shift from spot buys to audience buying on a large screen is now possible with digital targeting capabilities and can be bought and served programmatically.”
For detailed insights, trends, and thoughts from industry veterans, the full report can be accessed here.