Thirty years ago, TV, radio and print were the only ad channels. Today, advertising is evolving at a head-spinning rate, with new channels appearing daily.
Current ad spending is dominated by digital advertising through social media such as Google, Facebook and Instagram. But those are far from the only channels. Retail media networks (RMNs) are a significant trend, with brands like Uber, United Airlines, Target and Walmart showing ads to a captive audience on their apps and webpages.
Internet advertising revenues reached a record high of $225 billion in 2023, increasing 7.3% year-over-year overall between 2022 and 2023. Given the revenue at stake and the emergence of new advertising channels like RMNs, the environment for ad dollars is highly competitive.
Publishers face growing pressure to prove to advertisers why their channel can deliver superior Return on Ad Spend (ROAS). What is the value of a publisher’s ad inventory? The answer requires a reliable measure of the impact and ROAS of ad inventory – something publishers have traditionally struggled to secure. This growing importance of “attribution” demands that publishers offer the ability to track the effectiveness of ads across different platforms.