Increasingly networked and automated OOH infrastructure will facilitate programmatic advertising, and provide the ability to personalise ads and automate and dynamically manage inventory. At the same time, integrating technologies such as mobile wallets and near-field communication will enable digital OOH to expand into e-commerce, allowing consumers to buy directly “from” advertisements. However, the relatively subdued global economy means investment in new technologies will not happen rapidly, and new consumer behaviours – notably buying directly from OOH ads – will also take time to ramp up.
Out-of-home providers are increasingly investing in digital infrastructure – a trend that has helped sustain steady growth in global OOH revenue, which is set to continue at a CAGR of 4.3% to reach US$42.74bn in 2020. While increasing revenue from Internet-connected digital OOH will be the main engine of growth, traditional formats are holding their ground – unlike in many other segments – with physical OOH revenue set to remain steady
The Australian Entertainment & Media Outlook 2016-2020 highlights growth through diversity with a focus on talent, geography and business models.
This follow-up report explores consumer attitudes and preferences towards wearable technology - what’s changed, what’s improved, and what the wearable future has in store for the US and beyond.