mobile ads Archive

New interactive mobile ads launched by Pandora

Pandora has announced that it is testing out a new type of mobile advertising to better engage its users.

The streaming music platform has said that its new mobile marketing strategy is a “visual ad experience” that involves the use of interactive mobile ads that are also highly visual. According to Pandora Media, the beta version of its new mobile advertising option will feature ads from the automotive industry, including Lexus Dealer Associations, as well as ads from clothing company Express.

The company’s more than 80 million listeners will now have better control over the ads they receive.

Users of the popular streaming music platform, who already have the power to pick and choose the types of music to which they want to listen, will now also be able to have more control over the ads they receive via an intuitive swipe versus tap-to-dismiss functionality, reported The Motley Fool.

Interactive Mobile Ads - Smartphone Playing MusicInstead of the previous closable pop-up box, ads will now automatically adjust to fit the size of the phone screen and exist only within the square space that usually displays the album art.

Additionally, the new mobile ad format gives advertisers greater control as well, providing them with the ability to measure listener engagement metrics such as viewability and time spent. Advertisers also have the ability to deliver videos within a responsive display unit. These videos are muted by default when the user is listening to music, but listeners have the option of taping on the video to un-mute it and watch it in full-screen if that is their choice.

The new visual and interactive mobile ads will become available to more advertisers later in 2016.

In a recent blog post from Chris Phillips, Chief Product Officer at Pandora, the CPO said that the company is “setting out to reinvent Pandora’s mobile display ad solution to take better advantage of screen real estate, and features native to our own platform. We’ll also be emphasizing the human need for attention on an ad, which needs to take place before meaningful interaction with brand content can happen.”

The new visual ads will be made up of a series of native, mobile ad formats, according to Pandora. These formats are what help to make rich media, display ads and video more effective and impactful for marketers, the company explained.

Pandora’s full interactive mobile ads program will roll out later this year to all advertisers.

Retailers’ mobile ad spending to jump 52 percent in 2016

The retail sector is expected to dominate digital advertising spending from now to 2020.

According to the most recent forecast from New York-based market research company eMarketer, retailers – who already invest the most in online and mobile ad spending – are going to spend the most on digital advertising in the United States through 2020; spending an estimated $23.04 billion in paid digital media ads. This represents a compound annual growth rate of 12 percent over a period of five years.

Digital ad spending is forecasted to surpass TV ad spending in 2017.

This year, alone, the market research company predicts that retail marketers will pay $15.09 billion in digital ads, which is a 15 percent jump from last year and accounts for 22% of online ad spending in the US.

Mobile Ad SpendingAside from retailers, eMarketer’s estimates show that the automotive industry will remain the second largest digital ad spender through 2020, with car marketers potentially spending $8.7 billion on digital ads in the US in 2016 and up to $14.14 billion by 2020.

Following the automotive industry is financial services, which is forecasted to invest $8.37 billion in 2016 and $12.4 billion by 2020. Taking the fourth and fifth largest digital ad spender spots is Telecom and consumer packaged goods, respectively.

With the digital ad spending growth expected to continue, eMarketer predicts that next year, companies will spend more money on digital ads than TV advertisements.

An estimated two-thirds of retailers’ digital ad budgets have shifted to mobile ad spending.

This year, approximately $10.09 billion of retailers’ digital ad budgets have shifted to mobile. In order to keep up with online shoppers, eMarketer forecasts that retailers will boost their mobile ad spending by 52 percent in 2016, which is up from their 2015 budgets.

This jump in mobile advertising investment for this year does not come as much of a surprise as more and more consumers are engaging in mobile shopping. According to Forrester Research, by 2018, mobile commerce will account for over 50 percent of all e-commerce transactions.

That being said, currently, not all US mobile users are entirely comfortable with the full shopping and buying experience over their mobile devices, with many finding the experience frustrating. Still, buying aside, mobile has completely altered how consumers conduct their pre-purchase research.

Mobile commerce is projected to grow both in the US and globally, which is motivating retailers and other industries to not only focus on shelling out for digital ad spending but mobile ad spending, too.