Video advertising has emerged as a pivotal element in the domain of content marketing strategy. Whether it’s a concise 30-second ad, an interactive campaign, or captivating live footage, integrated videos within your content stand out as a highly favored and efficacious means to captivate your audience.

Remarkably, video content is the preferred choice for 80% of individuals compared to traditional written text, and an impressive 87% of businesses are already using it as a potent marketing tool.

Research underscores that a compelling 88% of consumers have been swayed by marketing videos to make purchases of products and services. The undeniable power of video highlights the significance of grasping the latest trends in video marketing to maintain a competitive edge in 2024.

This blog aims to comprehend the trends that will shape the video advertising industry in 2024 and beyond. From the ascent of AI-powered advertising to the escalating importance of personalization, these video ads trends are bound to redefine how marketers engage with their audience and orchestrate successful video ad campaigns.

Top Video Advertising Trends for 2024

1. Growing Integration of AI in Video Advertising

The landscape of video advertising is swiftly evolving with the increasing integration of Artificial Intelligence (AI). Anticipate a surge in businesses adopting AI to produce and disseminate video content. With AI’s remarkable capacity to analyze extensive datasets rapidly, advertisers can:

• Enhance their understanding of the audience
• Fine-tune ad delivery

This approach ensures that the right message reaches the appropriate audience at the optimal moment. This, in turn, facilitates the creation of more compelling and pertinent video content that resonates with the target audience.

For instance, generating videos featuring available or customized avatars, where text input is the sole requirement. This proves advantageous for cost-effective video marketing when in need of a character but faced with constraints in time or resources for large-scale video production, employing text-to-speech, or automated voices.

Additionally, AI’s role in programmatic advertising is assuming a pivotal role. Fueled by AI algorithms, automated ad purchasing and placement will restructure the industry through real-time bidding and ad optimization. This results in more efficient ad campaigns with heightened conversion rates. In 2024, Artificial Intelligence is not merely a passing trend but a transformative force poised to reshape the video advertising industry.

2. Augmented Reality & Virtual Reality

The year 2024 will witness a paradigm shift in video ads through the integration of Augmented Reality (AR) and Virtual Reality (VR). AR advertising overlays digital elements in the real world, creating an interactive platform for crafting captivating campaigns.

These ads enable users to seamlessly merge the virtual and physical realms, fostering deeper engagement and memorable brand interactions. Conversely, VR advertising immerses users in entirely digital environments, providing a distinctive storytelling medium suitable for product demonstrations and brand narratives.

The ability to create immersive ad experiences holds the potential to captivate audiences, setting your brand apart from competitors in a landscape where traditional video advertising methods might no longer be as effective.

This innovative approach pledges to deliver campaigns that are not merely viewed but profoundly experienced by consumers. As the future of video advertising veers towards interactivity, the AR and VR advertising wave signals that your business is leading the way in innovation and adopting superior business practices.

3. Contextual Advertising for Enhanced Relevance

Contextual advertising remains a significant tool for marketers in 2024. Global spending on contextual advertising is projected to reach $227.38 billion in U.S. dollars in 2023, and this figure is anticipated to more than double by 2030, reaching an estimated $562.1 billion.

The United States stands as the world’s largest contextual advertising market, with a market value of approximately $65 billion in 2022. This type of advertising places ads based on the surrounding content, resulting in a smoother and less disruptive ad experience.

Amidst rising ad blocking and privacy concerns, contextual advertising offers a solution that respects user preferences while delivering relevant content. As user expectations for personalized advertising increase, marketers can anticipate more of this approach.

To thrive in contextual advertising, marketers must meticulously align their ads with the context to enhance the user experience. This trend strongly emphasizes quality content and strategic placement over sheer volume. This can be achieved by researching and understanding the target audience, as well as identifying the most relevant keywords and phrases to include in the ads.

4. Short-Form Video Content: A Dominating Force

In 2024, short-form video ads are projected to dominate video advertising, accounting for a significant portion of ad spend. Advertisers are likely to capitalize on the format’s effectiveness in conveying concise yet impactful messages. The brevity of these ads aligns seamlessly with the reduced attention spans of today’s audiences, making them a powerful tool for brand communication.

In 2023, programmatic short-form video ad spending is expected to reach a staggering $12 billion, a 50% increase from the previous year. This explosive growth isn’t just a fleeting trend; it’s a fundamental shift in how consumers engage with video.

This shift has profound implications for 2024’s video ad landscape. Expect to see an abundance of short-form video ad formats, optimized for mobile viewing and lightning-fast storytelling. Programmatic platforms will adapt, providing granular targeting and real-time analytics to help brands reach the right audience with the right message at the right micro-moment.

5. Shoppable Ads

Shoppable ads are an innovative format that allows viewers to purchase products directly from video ads. By incorporating eye-catching product imagery alongside video ads, brands can inspire viewers and direct them to specific product pages on their website, creating a seamless path to purchase.

According to Think with Google, brands that utilize product feeds in their video action campaigns achieve over 60% more conversions at a lower cost. Video action campaigns can help scale video ads automatically across various platforms, including the home feed, watch pages, connected TV, and search. They utilize machine learning to drive conversions and provide valuable attribution insights.

To implement shoppable ads, brands can attach a product feed from the Google Merchant Center. This allows viewers to browse products directly within the video ad and seamlessly navigate to the corresponding product pages on the brand’s website for purchase.

Wrap Up

In conclusion, the video advertising industry is up for a significant shift in 2024 and beyond. The integration of AI, AR, and VR will reshape how brands engage with their audience and create captivating ad experiences.

Contextual advertising remains a valuable tool, while short-form video content and shoppable ads will gain prominence. By utilizing these video industry trends, marketers can effectively capture attention, drive conversions, and establish a competitive edge in the ever-evolving world of video advertising.

Dynamic Video Optimization may seem like a concept straight out of a sci-fi movie, but it’s very much a futuristic reality. This cutting-edge technology empowers brands to seamlessly integrate text, audio, or images into their videos, creating an endless array of variations from a single video source. This innovative approach enables brands to tailor their videos to reach specific audiences, paving the way for precision-focused video marketing strategies in their media plans.

Why is this particularly crucial, especially in the current landscape? The reason lies in the explosive surge of video viewership, especially on mobile devices, on a global scale. As dynamic video optimization continues to expand rapidly, brands are challenged to discover fresh and inventive methods to distinguish themselves from their intended viewers.

Why Interactive Video Ads Are an Asset?

The average daily time people spend consuming online videos has surged dramatically, increasing by more than fourfold since the global pandemic. This upward trajectory is further propelled by the widespread adoption of mobile devices.

Interactive video has quickly become a widely used marketing tool as brands are turning every stone for consumers’ attention. According to a study by Spiel Creative, almost 90% of marketers after incorporating interactive video noted a growth in their online sales, and over 85% said that they would create more interactive videos in the future.

Enhance Your Brand’s Presence with Compelling Video Content

Brands increasingly embrace video content enriched with customized messaging that is finely tuned for specific audiences. When compared to traditional display advertising, video marketing emerges as a significantly more dynamic and interactive medium, consistently demonstrating its ability to foster heightened engagement and subtly captivate customers.

Challenge with Videos on The Open Internet

So, why are brands hesitant to leverage this technology more for their ad campaigns? Why aren’t videos dynamic? The only issue that limits the potential of a video marketing campaign is the amount of customization that can be done. Video ads today are generic and communicate the same story to all users – unlike display ads which are increasingly becoming more dynamic with widely available solutions.

Adding to the above, video production also presents its challenges which include: lengthy planning periods, high production costs, and long lead-up times. Add customization to it, and it becomes even more complex.

A Next-Gen AI Solution: Crafters

Crafters is an innovative AI tool to create dynamic video advertising that allows brands to dynamically embed interactive elements within their videos to generate unlimited video variations – cutting down on efforts, costs, time, and planning. Text is integrated using the brand’s native font type.

A brand develops a single video to showcase its latest offer. With Crafters, a different message can be shown to the user depending on multiple factors. A popular streaming platform used Crafters to increase brand awareness for their new show, in which viewers could pick a character based on the video for which that specific character is played.

Here’s a photo from the original video:

Here is an image of videos generated by Crafters that speak to a viewer’s preferences:

Our innovative AI technology allowed the brand to customize a variety of messages around the themes of characters. The campaign allowed the brand to transform its simple video ad for a new TV series into a powerful and targeted message delivered to the intended audience.

With more and more users having access to the Internet and turning to Openweb for their search, Crafters is a clever way to add a personal touch and develop multiples of one video. The future is definitely here.

Crafters is here to transform traditional ads into highly advanced interactive ads with its cutting-edge dynamic video optimization. 

With global ad spending expected to exceed $295 billion by 2026, video advertising has become an immensely popular method to connect with audiences online.

With over 2 billion active users worldwide, YouTube stands as the leading video advertising platform, hands down.

Unfortunately, engaging with users through video advertising on the open web is not as straightforward and convenient as it is with YouTube videos.

Read on to discover why video advertising on the open web is lagging behind and explore various methods that can help users unlock the full potential of video advertising across the web.

Factors Hindering Video Ad Promotion on the Open Web

Below are the reasons for hesitation in promoting video ads on the open web versus YouTube and other social media platforms:

1. Low Viewability

Video ads on the open web are often skipped or muted, resulting in low viewability rates. According to a study by IAB, the average viewability rate for video ads on the open web is only 58%. In contrast, the average viewability rate for video ads on YouTube is 95%.

2. Poor Targeting

Video ads on the open web lack precise targeting options because they rely on programmatic advertising based on website content and user browsing history which reduces advertiser control.

3. Lack of Engagement

Video ads on social media platforms are more engaging than those on the open web because they play uninterrupted.

Here are the top three reasons that have kept video advertising on the open web in the backseat. However, by modifying our advertising methods and incorporating advanced techniques such as dynamic video optimization, advertisers can witness significant improvements in their campaigns.

But, first, let’s understand DVO.

What is Dynamic Video Optimization?

Dynamic Video Optimization (DVO) is an innovative programmatic advertising approach that uses data-driven insights to create personalized video ads.

By analyzing user data, including interests, demographics, and browsing history, DVO enables advertisers to customize video content for each viewer.

Real-time analytics and contextual information are leveraged to tailor the ads based on the current context.

This personalized approach enhances the ad experience, increasing the likelihood of capturing viewers’ attention and driving conversions.

Consequently, DVO delivers relevant and engaging video content that resonates with individual viewers, maximizing the effectiveness of video advertising campaigns.

Why Should Advertisers Use Dynamic Video Optimization?

1. Advanced Targeting Capabilities

DVO offers advanced targeting capabilities, allowing advertisers to reach their desired audience with precision. Delivering video ads to the most relevant viewers increases the chances of engagement and conversions.

2. Enhanced User Experience

DVO enables advertisers to create immersive and interactive video ad experiences. By incorporating features such as shoppable touchpoints, users can seamlessly explore and purchase products or services directly from the video. This improves the user experience by eliminating the need for multiple clicks and streamlining the path to purchase.

3. Data-Driven Insights

DVO provides valuable data and insights that can inform advertisers’ future strategies. By tracking user interactions, engagement metrics, and conversion data, advertisers can gain a deeper understanding of their audience’s preferences and behaviors. These insights can then be used to optimize future video ad campaigns for better results.

4. Measurable Results

With DVO, advertisers have access to detailed analytics and performance metrics. This allows them to track the effectiveness of their video ads in real time, measure key performance indicators (KPIs), and make data-driven decisions to improve campaign performance. Advertisers can easily monitor CTRs, view rates, conversions, and other relevant metrics to evaluate the success of their advertising efforts.

5. Dynamic Storytelling

DVO enables advertisers to tell compelling stories through video ads. By leveraging dynamic content insertion and personalization techniques, advertisers can tailor their messages based on individual viewer characteristics, interests, or behaviors. This approach creates a more engaging and memorable experience for viewers, leading to higher brand recall and affinity.

6. Omnichannel Reach

DVO allows advertisers to reach their target audience across multiple platforms and devices. Whether it’s mobile, desktop, social media, or connected TVs, advertisers can deliver their video ads seamlessly across various channels, ensuring maximum reach and visibility.

Enhance Your Video Creatives with Silverpush’s Crafters

Crafters is Silverpush’s highly advanced dynamic video optimization technology. It is a solution for creating and delivering personalized video ads to users based on a variety of data sources.

We all know Videos are the most engaging Ad Format. But by infusing AI and unique Interactivity features, Crafters can help brands in leveraging Video Ads on the Open Web, like never before!

Crafters will help you improve the performance of video advertising campaigns by adding a layer of contextual creativity that will drive better business outcomes.

Here are some additional tips for using DVO effectively:

1. Use the Right Data

The data you use to create your DVO campaigns is critical to their success. Make sure you’re using high-quality data that is relevant to your target audience.

2. Test Different Variations

Once you’ve created your DVO campaigns, test different variations to see what works best for your audience. This will help you optimize your campaigns for maximum results.

3. Track your Results

It’s important to track the results of your DVO campaigns so you can see what’s working and what’s not. This will help you make adjustments to your campaigns to improve your results.

Importance of Crafters: Elevate your Performance and Engagement on Video Ads

1. Advertisers

Our next-gen video optimization technology solves the problem of ads being ignored by audiences. By incorporating an interactive feature into traditional video ads, it has the potential to generate users’ curiosity and encourage them to engage with the ad. This leads to improved performance metrics such as click-through rates, lead generation, and video view-through rates.

2. Users

Users will not only view the video ad but will have various formats to interact with the ad as per their interest, ad type, and various options to redirect to the desired page.

Conclusion

With the advertising world growing at a fast rate, it’s important to keep pace. Traditional video ads fail to engage users or boost user engagement. That’s why Silverpush has developed an advanced solution delivering a staggering 2X increase in Click-Through Rates (CTRs) and an impressive uplift of nearly 60% in Video Completion Rates (VTRs) solving the problems of video advertising on the open web. Take a step towards boosting your ad performance and capturing audience attention by filling out the form on the right. Our team of experts will be in touch with you shortly to provide more insights into our groundbreaking technology.