IAB is one of the leading advertising organizations. They recently published their ad spend projection in 2023 across different market sectors. Moreover, IAB predicts CTV will be the fastest-growing channel next year, with projected sales up 14.4%.
The four most high-growth market categories concerning ad spending are as follows:
B2B (up 20.8%)
Financial services (11.1%)
Where will those ads be purchased? According to IAB’s research, advertisers and agencies will primarily use retailer-owned (75%) and aggregated (82%) marketplaces to place these ads. On the other hand, e-commerce-owned partners will also be used (in 64% of cases). Slightly over 90% of advertisers will also use the retail media network with their on-site ads.
See the Martech.org website to see more results of the IAB’s study.