Why the media industry embraces martech transformation to win over consumers

2 years ago 63

Think astir this for a moment: astir 40% of the world’s population, implicit 2.96 billion people, see themselves gamers. Since the dawn of Atari successful the 1970s, the manufacture has boomed—it’s present larger than the movie and euphony industries combined—and is expected to beryllium worthy $321 cardinal by 2026.

As video crippled exertion has grown much sophisticated, truthful has the mean gamer. Once chiefly marketed to kids, particularly males, the demographic is shifting, and up to 45% of gamers are female, with a median property of 33. Add to this the information that a digitally autochthonal procreation is increasing up gaming—80% of Gen Z plays video games—and the manufacture holds unprecedented opportunities arsenic it continues to germinate and expand, on with the improvement of the metaverse.  

To pat into the industry’s monolithic gross potential, media companies are grappling with mounting themselves up of the assemblage and vying for the attention, and loyalty, of this captive assemblage done in-game advertising. With the powerfulness of real-time insights, brands tin present personalized contented to delight existing customers and propulsion timely offers and info to pull caller ones. To bash so, astir enterprises trust connected martech stacks that are a premix of bequest software, on-prem solutions and cloud-based SaaS offerings—a operation that tin see up to a staggering 91 antithetic tools—to find, sort, analyse and leverage user data. For many, this complexity comes with a assortment of challenges, including: 

  • Data that sits crossed disparate sources, systems, concern units and teams
  • Underdeveloped capabilities and staffing to create, usage and optimize contented astatine standard to present personalized experiences
  • Difficulty identifying and targeting high-value audiences who are consenting to bargain merchandising oregon to subscribe to premium contented and services

With implicit 8,000 vendors successful the martech ecosystem, it’s casual to spot however implicit time, enterprises that adopted single-use tools to execute a circumstantial extremity person been near with an situation of sprawl – and a deficiency of integration betwixt applications. To lick these challenges, starring companies are embracing martech transformations to trim complexity, streamline operations and animate innovation. The extremity end is to present rich, personalized selling experiences that link and convert.

To get there, enterprises indispensable enactment with a martech translation vendor that tin bring selling to the adjacent level—a beardown Player B, if you volition to enactment in-house efforts. Creating the frictionless experiences that today’s consumers expect relies connected personalization, backed by an end-to-end lawsuit travel and a azygous root of truth. Let’s look astatine the relation each 1 plays successful empowering selling teams to alteration for optimal concern outcomes. 

The sanction of the crippled is personalization

As companies enactment personalization astatine the forefront of their endeavor strategies, determination is simply a displacement from simply ‘marketing to customers’ to leveraging the powerfulness of information to make personalized experiences—to pull and clasp consumers with customized content. Whether it’s sanction recognition, location-based recommendations oregon messages based connected preferences, marketers are capitalizing connected applicable ways to enact personalization crossed their campaigns to conscionable this demand. 

A seamless end-to-end journey

84% of radical accidental that the acquisition provided by a concern is arsenic important to the merchandise oregon work they’re using. By utilizing the afloat capabilities of the martech stack, brands are empowered to optimize the full lawsuit travel from opening to end. A afloat developed integer roadmap that includes process optimization and enhancement strategies tin destruct communal symptom points, and the lawsuit travel tin beryllium mapped crossed each interaction points to amended conversion rates and idiosyncratic experience.  

A azygous root of truth 

Businesses request a azygous root of information for a highly curated acceptable of reusable assets with the quality to prime the circumstantial contented needed to supply accordant lawsuit experiences crossed channels. Furthermore, arsenic third-party cookies travel to an end, businesses indispensable leverage information and region it from silos, to optimize the acquisition and recognize prospects connected a much intimate level, including preferences and behaviors.

As the gaming manufacture reaches caller audiences and grows to execute its marketplace potential, media companies consenting to stake connected in-game advertizing volition uncover caller ways to link with consumers. As the metaverse evolves successful tandem, allowing for wholly immersive in-game ads, brands of each sizes volition jockey to get successful connected the action. By unraveling martech’s complexity and unleashing personalized experiences, media companies volition beryllium good positioned to get up of the contention arsenic we participate the adjacent selling era. 

With an extended spouse ecosystem, much than 1,200 martech engineers and experts, and a wealthiness of exertion manufacture experience, Virtusa has everything you request to marque your selling translation a reality. Get started contiguous [register for martech translation successful media webinar].


About The Author

With heavy engineering roots, Virtusa brings decades of expertise to destruct MarTech complexity.


Read Entire Article