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MarketingVOX: Advertisers are beginning to believe in the power and importance of the internet as a marketing tool, but many fail to use the medium as an effective advertising vehicle, according to a news study from WPP's GroupM.
The study, called Interaction, examines what advertisers should demand of the internet and suggests how to create a strategy to achieve their goals, writes MarketingCharts. It includes consumer and advertiser internet data from 28 countries that account for 96% of global online internet marketing investment, GroupM said.
The survey portion of the study asked respondents to score pre-selected drivers and inhibitors to digital marketing, finding that social networking and the proliferation of entertainment and information are much higher drivers than digital-enabling technology.
Moreover, the drivers scored higher in aggregate than the inhibitors (1,043 to 866), essentially pointing to an optimism about digital. The leading constraints are "historic attachment to traditional media" and "lack of client understanding," followed by "lack of skilled resources in the industry" and the "complexities and ever-changing nature of digital media."
"Online is already a mainstream component of consumer behavior and media consumption. The fundamental purpose of communication strategy remains unchanged, but marketing must urgently harness interactive media and the behaviors it induces," said Rob Norman, global CEO of GroupM Interaction.
The study asked respondents to give their opinion on the potential shares of media investment in mobile, in-game, and interactive TV in 2010 and 2015 - merely an average of guesses from what are mature ad markets, and therefore conservative, according to GroupM:
- Mobile: 2.2% and 4.9 %, in 2010 and 2015, respectively
- In-game: 0.8% and 2.1%
- Interactive TV: 2.7% and 7.5%.
The study also found that in Western Europe the internet is the principal source of measured-media revenue growth, and it runs a close second to TV in North America (it's surpassed by the explosive growth in US Hispanic TV).
The internet's share of 2007 forecast ad revenue in the US and Germany, for example, are about 12% (up from 7%) and 13% (up from 4%), respectively.
MarketingCharts provides more data here.
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Comments
Great post.
As an ad exec. I can tell you that ad agencies do not even use the web for research as much as they should. There is so much data out there and most of it recent and valuable. Secondary Research takes time but we found that it actually saves time and money to have a planner search the Internet for you, summarize the data and find insights. It saved us from conducting unnecessary and expensive primary research a few times. We used www.magicwandresearch.com
Posted by: Rob D'Arcy | 05.14.07