16% of TV ad spend will be devoted to addressable TV products and services on connected TVs by 2026

In the second edition of GroupM’s ‘The Changing Landscape of Indian Television’, WPP’s media investment arm believes that 16% of TV ad spend will be devoted to addressable TV products and services on connected TVs by 2026.

The current contribution of addressable TV products and services on connected TVs is at 9.8%, representing INR 45Bn in ad revenue.

The report added that the total size of the TV market in India grew by 1.1% between 2020 and 2023 to reach 217 million households. Brazil (1.5%) and Mexico (1.4%) were the only markets that grew faster during this time.

Prasanth Kumar, CEO – GroupM South Asia, said “Embracing the transformative tide of technology, our evolving TV landscape in India, from terrestrial to Connected TV, embodies a journey of perpetual adaptation. Serving as the adhesive in Indian households, TV not only unites families but now, with newfound digital capabilities, empowers brands to engage meaningfully. In this age of attention economy, where convenience meets engagement, our commitment is to unlock the power of TV advertising through advanced TV solutions, fostering a future characterized by insight and fascination for advertiser and broadcaster alike.”

Atique Kazi, president – data, performance and digital products – GroupM India added, “As we navigate the dynamic landscape of television advertising in India, the forecast of a 10% CAGR growth over the next five years signals a remarkable evolution. The surge in Connected TV advertising, anticipated at an impressive 31% CAGR, underscores the pivotal role it plays in reshaping our television ecosystem. Recognizing the importance of engaging with elusive cord-cutters and cord-nevers, this report delves into the transformative factors and societal influences driving this evolution. Our aim is twofold: to dissect the growth drivers and to provide a profound understanding of addressable TV viewers and their evolving preferences, illuminating the path forward in this exciting era of television.”

The primary research leveraged in this report was completed in November 2023 and comprised a survey of more than 4,000 online respondents in India with ‘high social media engagement’ recruited via Facebook and Instagram. Campaign India