Smartphone
users prefer using apps more than mobile web browsers for various
tasks. Applications have become a dominant place for advertising. Out
of all the mobile video ad formats, in-app video advertising is
attracting a lot of advertisers. Due to the exponentially increasing
number of smartphone applications, these ads are expected to replace
mobile web-based advertisements entirely during the next few years.
What
Are ‘rewarded’ Video Advertisements?
Some
entertainment, gaming apps offer premium as well as a free version to
users. This is where rewarded videos come into the picture. To play
the selected game or watch a show free of cost, the app user needs to
watch an advertisement video from the beginning to the end. Several
popular video streaming apps make a fortune by selling such video
advertising slots to ad networks.
Some
video sharing sites and gaming companies force users to watch
annoying advertisements. Viewers feel frustrated and often leave the
sites and apps due to the irritation. Thus, advertisers work hard and
use the best possible technology to ensure the user does not get
irate due to ads. Incentivized (rewarded video) ads are perhaps a
win-win situation for both.
What’s
In-Store For Advertisers?
Put
simply; the viewer selects to watch these ads proactively in exchange
for accessing the game or other content. Such an advertisement gets
the best ROI due to higher ad views, better audience targeting, and
viewer satisfaction. Advertisers can select from CPV, CPA, CPC, CPI,
or CPM campaigns.
Videos
do not auto-play, so, the viewer is not forced to watch them. The
video commercial gets the user’s complete attention and time
throughout. Studies have pointed out that around 71 percent of the
application users around the world prefer watching such short
commercials instead of paying real money for in-app purchases.
What’re
The Benefits For Developers?
Gaming
and entertainment companies from around the world have noticed an
improved retention rate after introducing rewarded video ads option.
While
playing games, players appreciate the opportunity to enhance their
weapons, get new lives, and earn tools as well as other rewards in
exchange for watching short videos. There is no need for players to
share their card details and opt for in-app purchases.
Gaming
and entertainment companies can offer their apps for free to get more
download percentage and make revenue from ads instead of a
subscription.
The
same goes for entertainment and music streaming app users. A
considerable percentage of viewers prefer watching or listening to
ads instead of paying a monthly subscription on Spotify, JioSaavn,
Hotstar, etc.
Cross-App
Advertising
Surprisingly,
these ads are also used as a part of cross-app advertising
strategies.
App
developers can target audiences based on their device, operating
system, mobile network, geographical location, gender, and areas of
interest. When the user clicks the ad, it redirects them to the
Google store app download page.
Bigo
Live, a video creation platform Likee (LIKE) are some of the popular
platforms that have extensively used rewarded video ads in the past.
Their commercials on entertainment, gaming, phone cleaning apps
helped in attracting new users from India during the initial stages
after their launch.
Selecting
the best ad network is crucial as they act as a link between the app
developers and advertising brands. Experts suggest the commercial’s
length should not be of more than 60 seconds to ensure the viewer
remains engaged without feeling irritated.
Is
your firm in need of a reputed Smartphone app development company
in
India? If so, you should surely get in touch with engineers at Smart
Sight Innovations. Experts at the mobile app development firm would
assist you with custom
mobile application development services.