Mexico City, Mexico, November 9th, 2016 – comScore, Inc. (NASDAQ: SCOR) and MediaMath today released results from a new study, The State of Programmatic Buying in Latin America, which analyzed the challenges and opportunities for advertisers, agencies, publishers and technology companies to consider in order for programmatic to reach its full potential. The research was based on 52 individual interviews, conducted between February and June 2016, with executives across the industry in Mexico, Colombia, Argentina and Brazil.
The qualitative study found that multiple changes have helped widen the knowledge about programmatic media buying in LATAM. For instance, the presence of big programmatic players in these countries, with equipment, invoicing, support and local inventories, was cited as positively impacting the marketplace, with MediaMath coming in as the top-mentioned DSP. However, big knowledge gaps remain, especially among advertisers, some of whom stated they are unfamiliar with programmatic while others referred to themselves as “experts.”
“The LATAM market faces a lot of challenges in programmatic but also a lot of opportunities,” said Fernando Juarez, Managing Director, MediaMath Latin America. “Economic factors and complexity around the technology remain obstacles, but increased internet penetration in the region in addition to investment in education and dissemination about buying, selling and use of systems of programmatic media buying will impart more sophistication to the marketing ecosystem.”
“This study confirms what we suspected, that transparency into where ads are running is a top priority for media buyers to gain confidence for trading programmatically,” stated Iván Marchant, comScore´s VP for Mexico, Peru and Colombia. “If we want to reach the full potential of programmatic, we need to work harder as an industry to deliver the transparency and campaign results that advertisers need to invest in programmatic.”
Key findings of the study include:
- Across advertisers, agencies and publishers, the top barriers to programmatic adoption were the lack of education in the market and the absence of transparency into how and where media was traded in programmatic environments.
- There is a belief in Latin America that there are few marketing professionals with the required knowledge of programmatic buying, thus making education a key focus to enable growth.
- A limited amount of advertisers use their first-party-data to guide their campaigns. Helping brands get more from their own data and how to enhance it with second and third-party data will improve programmatic targeting and results.
For more study findings, which is conducted by comScore, Inc. (NASDAQ:SCOR) on behalf of MediaMath, please download the report: http://bit.ly/2fhVEkG
comScore, Inc. (NASDAQ: SCOR) is a leading cross-platform measurement company that precisely measures audiences, brands and consumer behaviour everywhere. comScore completed its merger with Rentrak Corporation in January 2016, to create the new model for a dynamic, cross-platform world. Built on precision and innovation, our unmatched data footprint combines proprietary digital, TV and movie intelligence with vast demographic details to quantify consumers’ multiscreen behaviour at massive scale. This approach helps media companies monetize their complete audiences and allows marketers to reach these audiences more effectively. With more than 3,200 clients and global footprint in more than 75 countries, comScore is delivering the future of measurement. For more information on comScore, please visit comscore.com.
Senior Marketing Manager, LATAM
MediaMath is a global technology company that’s leading the movement to revolutionize traditional marketing and drive transformative results for marketers through its TerminalOne Marketing Operation System™. A pioneer in the industry for introducing the first Demand-Side Platform with the company’s founding in 2007, MediaMath is the only company of its kind to empower marketers with an extensible, open platform to unleash the power of goal-based marketing at scale, transparently across the enterprise. TerminalOne activates data, automates execution and optimizes interactions across all addressable media, delivering superior performance, transparency and control to all marketers and better, more individualized experiences for consumers. It has a seasoned management team leading 16 global locations across five continents. Key clients include every major agency holding company, operating agency and top brands across verticals.