10th October 2011Video Marketing News - Web Advertising Overtakes TV As Most Popular Medium
With the viewership of online video and social media sites on the continued rise it is no surprise to see that brands have flocked to the web over traditional formats and for the first time in the UK brands have spent more money advertising on the web than on television.
In the first six months of 2011 web advertising rose by 13.5 percent to 2.26 billion pounds giving it a 27 percent share of the market. There has been a 100 percent increase in web video advertising with the fast moving consumer goods sector spending big on web ads and a massive increase in social media campaigns, all of these factors have contributed to the winning market share.
Within the realm of Internet advertising, the use of display format ads has increased by 18.5 percent due to the increased demand for online video advertising.
" The spectacular growth of video and social media powering brand display is key to online achieving a record share of 27 percent," commented Internet Advertising Bureau Chief Executive Guy Phillipson.
"FMCG advertisers were relatively late to the party, but now firmly established as the second highest-spending category, they clearly have all the proof they need to invest in line with the medium's share, and enjoy healthy returns from cross-media campaigns."
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