Wednesday, February 17, 2010

Advanced TV, mobile advertising and social networking to lead long-term recovery in U.S. ad spending, says Parks Associates

TekratiTargeted and interactive TV advertising will lay the foundation for the long-term recovery of U.S. ad spending, while spending on broadcast network TV will return to pre-recession levels in 2010, leading the more immediate recovery, according to a market forecast by Parks Associates.

The Parks Associates' report, Advertising Outlook: Shifting Dollars, features a survey of U.S. advertising and media executives and found this group optimistic about 2010 ad spending as well as the long-term impact of advanced advertising formats. A majority would pay a premium for addressable TV ads, with almost 40% willing to pay upwards of 20% more over traditional TV ads.

"As digital media consumption increases, advertisers are incorporating emerging advertising platforms into their overall media mix, with particular emphasis on interactivity and personalization to capture consumer attention,” said Heather Way, research analyst, Parks Associates. “This new focus in advertising opens new revenue opportunities for content and service providers, who can build partnerships with agency decision makers to create truly innovative advertising delivery solutions.”

From the article, "Advanced TV, mobile advertising and social networking to lead long-term recovery in U.S. ad spending, says Parks Associates"

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