CMO Australia:

Advertisers, agencies buying into digital, programmatic out-of-home

Advertisers, agencies buying into digital, programmatic out-of-home

Almost one-quarter of Australian agencies traded digital out-of-home (DOOH) inventory during 2020, a third are getting into programmatic digital out-of-home and greater creative experimentation is on its way in FY22 and beyond, the IAB reports.

The latest figures come as the Outdoor Media Association also reports a triple-digit increase in net media revenue across the category to $203.3 million for Q2, 2021, with DOOH picking up the lion’s share.

According to a new Interactive Advertising Bureau (IAB) of Australia report released this week, Attitudes to Programmatic DOOH, advertising agencies continued to embrace both DOOH and programmatic digital out-of-home (pDOOH) despite depressed market conditions across the category during the height of the Covid-19 pandemic in 2020. The report is based on a survey of 183 buyers and advertising undertaken in May 2021.

One-quarter of agencies said they traded digital out-of-home inventory for the first time during 2020, and another 10 per cent increased programmatic investment. Across the group, 73 per cent are using traditional out-of-home regularly, 59 per cent are using digital out-of-home regularly and 34 per cent are trading programmatic digital out-of-home regularly.

Decision factors driving pDOOH adoption include flexible buying options (nominated by 59 per cent of respondents), operational efficiency (58 per cent) and enhanced data targeting options (58 per cent). Self-reported cross-channel planning potential is another positive for more than half of those surveyed.

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Shai Luft - Bench Media

Chief Operating Officer

Shai Luft

Meet Shai Luft, a senior marketing executive with a proven track record of delivering results for Australia’s largest ASX200-listed companies. Despite his success, Shai was frustrated by the amount of red tape and bureaucracy that held back marketing innovation. That’s why he co-founded Bench in 2012. As the driving force behind Bench’s operations, Shai is committed to empower marketers with the agility and control they need to achieve their best results.

Ori Gold - Bench Media

Chief Executive Officer

Ori Gold

Meet Ori Gold, an ad tech and martech expert. Driven by the frustration of everyday marketers facing a lack of control and accessibility, Ori co-founded Bench in 2012 to revolutionise the digital advertising landscape. Heading the talented and forward-thinking team at Bench, Ori is the driving force behind the company’s strategic and product vision. Thanks to Ori’s leadership, Bench has become one of the most respected and successful digital agencies in Australia.

General Manager

Liam Garratt

Meet Liam Garratt, the creative mind behind Bench’s top-notch products and services. With a career in digital media spanning over a decade, Liam has made a name for himself as a leader in the industry. He got his start in 2011 working for UK-based programmatic platform Crimtan, where he played a key role in launching the company’s Australian office. In 2017, Liam brought his expertise to Bench, where he now leads the Product & Services functions. Liam is passionate about delivering only the highest quality products and services to Bench’s clients. His commitment to excellence is the foundation of Bench’s stellar reputation.

VP of Growth

Anthony Fargeot

Meet Anthony Fargeot, the pioneer behind Bench’s growth and success. Joining Bench in its infancy in 2013, Anthony’s experience with high-growth start-ups gave him the skills to help Bench become one of the most successful digital agencies in Australia. As Head of Client Services and then Director of Operations, Anthony led Bench through its highest growth period. Today, as VP of Growth, Anthony uses his creative thinking and strategic insights to always look for new and innovative ways to help Bench stay ahead of the curve in a rapidly changing digital landscape.