What is Connected TV’s Market Scope?
A connected TV is a television that uses internet access to allow viewers to watch videos. These are intended to give viewers with a more immersive experience by combining interactive elements like social networking, online surfing, video-on-demand, and video streaming with traditional television programming. Programmatic TV is a data-driven and technology-assisted technique of buying and delivering advertisements against TV programming, regardless of the platform that the content is delivered on. The panorama of programmable TV includes advanced TV, CTV, OTT, FEP, and so on. Connected TV advertising applies programmatic principles to television advertising in order to target highly engaged audiences and create a big-screen experience. Connected TV advertising provides advertisers an effective avenue for contacting TV viewers, from near-instant campaign reporting to placing advertisements on streaming services and targeting millennials, who make up the bulk of cord-cutter homes.
Connected TV’s Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Millennial Viewership on Smart Platforms
- Technical Progress in Connected TV Platforms
- Addition of Smart Features for Targeted Advertising
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Influencing Trends | - Emergence of Advance Connected Devices with AI Technology
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Restraints | - High-Cost Expenses
- Technological Limitations
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Road Blocks / Challenges | - Market Penetration Across New Regions
- Raw Material Price Fluctuatuion
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Gaps & Opportunities | - Increasing Demand Across Emerging Regions
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The Connected TV’s market study is being classified, by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States & Chinese will contribute to the maximum growth of Global Connected TV’s market throughout the predicted period.
Koninklijke Philips NV (Netherlands), LG Electronics Inc. (South Korea), Apple Inc. (United States), Haier Group Corporation (China), Hitachi Ltd (Japan), Insignia Systems Inc. (United States), IZIO Inc. (Brazil), Panasonic Corporation (Japan), Samsung Electronics Co. Ltd (South Korea) and Sony Corporation (Japan) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Westinghouse Electric Corporation (United States), TCL Corporation (China), Hisense Group Co. Ltd (China) and Rubicon Technologies, LLC (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Connected TV’s market by Type, Application and Region.
On the basis of geography, the market of Connected TV’s has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region hold largest market share in the year 2021.
Market Influencers and their Development Strategies
On 19th December, 2019 - Rubicon and Telaria Announced Merger Agreement to Capitalize on Growing Connected TV Space. The Transaction Combines Rubicon's Scope with Telaria's Expertise in Connected Television (CTV) To Establish the Industry's Biggest Independent Sell-Side Platform (SSP). and On 29th September, 2020 - Gimbal Acquired True[X] (Connected TV (CTV) Focused Value Exchange Engagement Advertising Platform). The Acquisition Will Bring Together Experts in The Location and Connected TV Areas, Allowing Improved Targeting, Creative, And Measurement Solutions.
On 6th April, 2021 - tvScientific Launched Connected TV Performance Advertising Platform. The New Platform Combines the Power of TV Advertising with The Control and Measurability of Digital Platforms, Making It Ideal for Performance Marketers, Media Agencies. and On 26th May, 2021 - Realme Introduced its Smart TV 4K With Dolby Vision and Dolby Atmos in the Indian Market. Following the Realme Smart TV and Realme Smart SLED TVs series, The New Smart TV Line Is Realme's Third Significant Television Introduction. Ultra-HD HDR Displays Will Be Available on The Latest TV Models.
Key Target Audience
Connected TV’s Manufactures, New Entrants and Investors, Connected TV’s Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Connected TV’s Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Connected TV’s Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Connected TV’s industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.