In Italy, 44 percent of investments in temporary campaigns of online advertising were spent to raise awareness about brands, a survey from 2019 revealed. On the contrary, companies setting up always-on campaigns aimed at higher conversion rates (52 percent of the investments). As far as advertising formats were concerned, banners were reported to be more effective for conversion. Another 92 percent of top-spending companies in online advertising used video content to improve brand awareness among consumers.
Assessing the performance of video campaigns
It is not easy to assess how successful a video advertising campaign could be. However, the same survey suggested that the number of completed views was a useful benchmark. In fact, 38 percent of companies stated that the number of users who watched an entire video helped to value the brand awareness, while 31 percent thought that such indicator helped to assess the brand consideration, i.e. the consumer would not just recognize a brand, but possibly even choose it for future purchases.
KPIs in social media
Aside from specific advertising campaigns, the traditional key performance indicators of branded entertainment were considered, too. In 2018, close to 71 percent of Italian companies releasing branded content measured the engagement on social media. This consisted in the increase of likes, number of fans and times a post was shared over a specific period.
Share of investment in the online advertising in Italy between 2018 and 2019, by type of campaign
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Osservatori Digital Innovation. (October 18, 2019). Share of investment in the online advertising in Italy between 2018 and 2019, by type of campaign [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1086689/investments-in-online-advertising-by-type-in-italy/
Osservatori Digital Innovation. "Share of investment in the online advertising in Italy between 2018 and 2019, by type of campaign." Chart. October 18, 2019. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1086689/investments-in-online-advertising-by-type-in-italy/
Osservatori Digital Innovation. (2019). Share of investment in the online advertising in Italy between 2018 and 2019, by type of campaign. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1086689/investments-in-online-advertising-by-type-in-italy/
Osservatori Digital Innovation. "Share of Investment in The Online Advertising in Italy between 2018 and 2019, by Type of Campaign." Statista, Statista Inc., 18 Oct 2019, https://www.statista.com/statistics/1086689/investments-in-online-advertising-by-type-in-italy/
Osservatori Digital Innovation, Share of investment in the online advertising in Italy between 2018 and 2019, by type of campaign Statista, https://www.statista.com/statistics/1086689/investments-in-online-advertising-by-type-in-italy/ (last visited November 23, 2024)
Share of investment in the online advertising in Italy between 2018 and 2019, by type of campaign [Graph], Osservatori Digital Innovation, October 18, 2019. [Online]. Available: https://www.statista.com/statistics/1086689/investments-in-online-advertising-by-type-in-italy/