Where are people streaming video?
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Key stat: 58% of US adults stream video via connected TV (CTV), according to ViewNexa.
Beyond the chart:
- US CTV ad spend will grow by 22.4% next year to cross the $30 billion mark, according to our forecast.
- Retail media CTV spend will grow by 335.5% next year to account for 12.1% of US CTV ad spend. By 2027, it will make up 20.4%, per our forecast.
Use this chart:
- Understand how viewers consume digital video.
- Determine ad investments.
More like this:
- Walmart links holiday-centric rom-coms and social commerce in its new shoppable series
- A closer look at YouTube’s ad rates
- The shifts that will impact 2024’s video ad landscape
- Retail media dealmaking (and Prime Video’s introduction of ads) has reshaped our CTV expectations
Methodology: Data is from the October 2023 ViewNexa report "How to Follow the Audience." 1,000 US consumers ages 18+ were surveyed online during August 2023 by Sapio Research.