Sunday, December 22, 2024 3:58:52 PM - Markets closed
VN-INDEX 1,257.50 +2.83/+0.23%
HNX-INDEX 227.07 -0.47/-0.21%
UPCOM-INDEX 93.39 +0.66/+0.72%
Digital elevator media becomes important, popular advertising channel: forum
vietnamnews - 8/31/2024 10:13:31 AM
 (0 ratings. You must sign in to rate.)

The development of digital elevator media in Vietnam will be driven by rising demand and technological capabilities, along with changes in consumer advertising habits and preferences, experts said.

Guo Zhi Feng, chairman and CEO of Chicilon Media delivers a speech at the “Leading a New Era of Advertising: Building Elevator Digital Media” forum in HCM City on Thursday. — Photo courtesy of the organiser

The development of digital elevator media in Việt Nam will be driven by rising demand and technological capabilities, along with changes in consumer advertising habits and preferences, experts said.
 
At a forum entitled “Leading a New Era of Advertising: Building Elevator Digital Media” organised by MMA Global, in collaboration with Chicilon Media in HCM City on Thursday, 400 marketers and executives discussed and shared the latest trends in the digital out-of-home (DOOH) advertising industry as well as successful strategies in developing elevator advertisements.
 
DOOH ad spend is expected to grow by 34 per cent across Asia by 2027. And, Việt Nam’s DOOH spending is expected to rapidly grow to over US$46.8 million by 2029. An average of about 39-52 ads are currently seen by each building residents or worker per day.
 
According to research, elevator advertising offers superior effectiveness compared to other formats such as television, internet, and traditional outdoor billboards.
 
For example, with high broadcast frequency, elevator advertising ensures that target audiences will see the ads when they enter a confined space like an elevator, thus increasing recall and recognition.
 
This type of advertising often appears in upscale residential areas and office buildings -familiar environments for high-income target customers who are willing to spend. This is the secret to maximising the strengths of digital elevator advertising, the research found.
 
In addition, digital elevator advertising often combines audiovisual elements on high-quality image and sound systems. Even though the ads have a short duration, they still achieve high engagement, always attract attention, and leave a lasting impression on viewers.
 
Digital elevator advertising is also an attractive option for many businesses due to its affordable cost but high effectiveness in reaching the target audience.
 
Compared to other formats, digital elevator advertising has a higher viewer engagement, reducing the impact of distractions found with TV, internet, or billboards. Therefore, Digital Elevator Advertising is optimal for campaigns that aim to enhance brand recognition and promote new products, especially for target customer groups that frequently shop in large urban areas.
 
“The importance of digital out-of-home advertising (DOOH) lies not only in its broad and diverse reach but also in its ability to create unique and interactive customer experiences. Elevator media, in particular, stands out with its confined environment, making messages easily accessible and memorable,” said Phan Bích Tâm, country director of MMA Global Vietnam, Cambodia, and Myanmar.
 
This close and frequent exposure yields high effectiveness, attracting attention and creating strong interaction with viewers. Elevator media is a potential advertising channel that effectively and creatively enhances brand recognition, she said.
 
Experts told the forum that elevator digital ads impact the right consumer. There are many apps on online channels which may lead target consumers to be distracted, while elevator digital media fully reaches the target consumer pool.
 
“There is no other app on elevator digital screens except the ad so content is focused with high frequency, which increases the effectiveness of ads,” said Nghĩa Phan, co-sales director for the Southern region of Chicilon Media.
 
“People can’t click skip ad in elevator digital media or surf to other content,” he added.
 
Rachana Lokhande, founder of Glocal Bridge, predicted that “drawing from worldwide experience, it can be anticipated that digital elevator media in Việt Nam will experience significant growth in the coming years.”
 
According to Lokhade, with increasing urbanisation and the development of high-rise buildings in Việt Nam, the demand for digital elevator media is expected to rise, particularly in major cities and shopping centres.
 
“The technology behind digital elevator media will continue to advance, featuring higher-quality screens and interactive elements, while advertising content will become more diverse and engaging to capture viewers' attention,” she said.
 
Furthermore, consumer attention to elevator advertisements is likely to increase due to the close and undistracted environment of elevators, thereby improving the effectiveness of advertising campaigns.
 
Integration with new technologies such as data analytics and artificial intelligence may optimise advertising broadcasts, personalise content, and enhance the viewer experience.
 
“As Vietnamese consumers become more familiar with digital advertising formats, digital elevator media will become an increasingly important and popular advertising channel,” she added.
 
At the forum, representatives from companies shared experiences in how to have a successful elevator advertisement campaign.
 
The forum also expanded collaboration opportunities between brands and agencies. — VNS
 
 
Read original article here
Newer News
17/12 HCM City’s retail sales up 11 per cent this year
17/12 Agriculture sector records trade surplus this year
17/12 Vietnam's gaming industry reaching high score in entertainment sector
17/12 Vietnam’s garment-textile exports expected to reach US$44 billion this year
17/12 Vietnam’s e-commerce boom: a US$5.8 bln opportunity by 2028
17/12 E-commerce: a gateway to boost Vietnamese commodities in the UK market
17/12 Retail giants to ensure sufficient supply, steady prices of Tet goods
16/12 Failure of a Chinese giant in a competitive retail market
16/12 Vietnam’s GDP growth poised for robust growth in 2024: officials
13/12 B2C e-commerce market in bloom
Older News
31/08 Ministry to develop project to adapt with CBAM
31/08 Chu Lai Port starts new shipping routes to India, China
31/08 Investment from Taiwan (China) is fuelling Việt Nam’s high-tech industry
30/08 Regulations on livestream sales urged to prevent tax losses
30/08 Coffee exports need higher added value for sustainable development: experts
30/08 Better cybersecurity needed to protect data
30/08 Ethical rules, community standards need for healthy digital asset market
30/08 Dong Nai’s foreign investment surges 34%
29/08 Exports to Hungary grow by over 60%
29/08 Vietnamese honey makers turn to domestic market
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,257.50 +2.83/+0.23%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.