SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  The year Ahead for... Media agencies [Campaign Middle East]

[January 19, 2014]

The year Ahead for... Media agencies [Campaign Middle East]

(Campaign Middle East Via Acquire Media NewsEdge) We've become quite used to un- certainty - almost the only certainty around - so many among us will greet the new year with single-digit optimism. De- spite the geopolitical clouds on the ho- rizon, there are several opportunities piercing through and trends on which we can capitalise to improve the fore- cast. Here are 14 trends, topics and is- sues that we expect to feature in 2014.


1) The Fifa World Cup in Brazil promises to be a stunning spectacle and, as it will partly overlap with Ram- adan, the time difference will allow key games to be shown just at the right time. The love of football runs deep here and brands will find in the event a perfect reason to communicate with audiences. World Cup-related media investments are expected to top $100 million in the region.

2) The programming trends that have led to audience peaks outside of the Ramadan season - thanks to 'shiny-floor' formats - will develop even further. This should affect how TV stations plan their schedules, since Ramadan used to be the year's main driver of advertising income. The in- crease in programming investments is certainly a positive trend for all.

3) The measurement of media per- formance in general and TV audienc- es in particular will remain a hot topic in 2014, as we'll undoubtedly yo-yo some more on the long-term viability of people meters in Saudi Arabia, the UAE, Lebanon and Egypt. There is a will but the way is much less obvious, somehow contradicting the old adage.

4) The digital transformation of the media landscape is partly responsible for this. TV content is no longer con- fined to the TV screen and measuring the performance of a show isn't con-fined to its ratings. This trend will continue to affect many a brand's communication strategy. This is al- ready factored into our video-neutral planning and this year will see the cor- relating of programme-based tweets with ratings to draw meaningful con- clusions on affinity and investments.

5) New media giants will increasing- ly include digital companies that were built and are thriving on data. Few would have thought five years ago that key media negotiations would one day involve Google, Facebook, Twitter and Yahoo!. Their combined share of investments will grow at least three times as fast as the rest of the market. Second-tier media owners will have to reconsider their competitive set and approach to stay relevant for consum- ers and brands. In order to achieve scale and secure their seat at the nego- tiation table, mergers could occur.

6) The growth in media investments will accelerate and achieve double digits in 2014.The share of digital will rise faster still. Digital investments should achieve $600 million in 2014 and in about three years' time, they will cross the $1 billion mark. TV is managing its transition to digital bet- ter than other media, both in audience and in commercial terms, finding new ways to distribute and monetise its content digitally.

7) Data is leading media agencies to abandon the old linear approach to media planning. Instead, we will work more and more with a media eco-sys- tem where everything is intercon- nected. With more and more data coming through, we'll focus more on quality rather than just quantity.

8) Mobile devices, used by increas- ingly time-poor consumers to main- tain control over their lives, will fin- ally claim a respectable share of marketing investments. With options extending way beyond apps and mo- bile sites, marketers and agencies will find a growing role for the smallest of the screens in a multi-screen media environment. So much so that we ex- pect mobile marketing investments to double and their share to rise by 50 per cent, faster than the rest of digital investments.

9) Changing technologies lead to changing lifestyles and, in turn, deci- sions and behaviours. This is fuelling the rapid growth in e-commerce in the region, at 45 per cent according to sources. Currently standing at $15 bil- lion, e-commerce will only increase as more retailers open up online stores and e-tailers grow in popularity. B2B is also a huge contributor to the trend.

10) A deeper understanding of con- sumers will be a major development this year. Many initiatives and trends will enhance the level of precision in our decision-making process, where- by we will prospect rather than target consumers. The headline-grabbing development in this trend is wearable technology. The additional layer of information it provides will eventual- ly create an intuitive digital ecosys- tem. The challenge for agencies will be to conceive ways for brands to play a part in a seamless and relevant way. With this and other technologies, we are gradually moving towards addressable advertising and targeting individuals rather than profiles.We're not there yet but the wheels are cer- tainly in motion.

11) The creative process will increas- ingly be turned on its head. Creative messaging and content will increas- ingly be decided on the basis of real- time data derived from consumer in- teractions. Media agencies will start transforming into a new breed of data agencies with a creative streak.

12) Content in all its forms will be- come even more critical as we move further away from push and deploy pull strategies. Be it in performance, social, mobile marketing, branded en- tertainment or even analytics, a brand will succeed or fail on its ability to craft and distribute quality content to fuel conversations and spark consumer interest. Short-form and bite-size content, specifically, will prove more and more popular with both consum- ers and brands. UGC is moving in this direction too so brand communica- tions will see its nature evolve, affect- ing performance metrics along the way. This will require agencies to en- hancetheirskillsinthisarea.

13) Iran, with a population three times larger than Saudi Arabia's, is taking the first steps towards a durable end of the sanctions that have battered its economy. Should these lead to a positive conclusion, this frontier mar- ket shows enough promise to provide significant growth opportunities for brands and the marketing sector.

14) Entrepreneurs and SMEs, par- ticularly in the tech and media sectors, are attracting growing interest. Both the number of transactions and their size are increasing, with crowdfund- ing making a strong entrance on the market as well. In the past few years, about half of these investments were directed to the information techno- logy sector, suggesting an appetite among VC funds in the region for digital start-ups. These and other SMEs are not only budding advertis- ers, promoting themselves through social media and performance mar- keting, they are also future heavy- weights in the making. As key com- ponents of our developing internet economy, we have a role to play in sup- porting and incubating them.

There are good reasons to antici- pate a positive year in MENA. As long as we advance with our eyes wide open, ready for any eventualities and mindful of every opportunity, we should be able to capitalise on the eco- nomic growth of 4-5 per cent this region is predicted to enjoy. This is an environment many of our counter- parts around the world can only dream of. Let's focus on creating the future we want for ourselves.

Elie Khouri is the CEO of Omnicom Media Group MENA (c) 2014 Motivate Publishing. All rights reserved. Provided by Syndigate.info, an Albawaba.com company

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.