Advertising spend in the technology and electronics category is increasingly shifting toward digital formats. Roughly 55% of its budget going to premium video, out-of-home (OOH), and audio end up in the channels’ digital formats, including connected TV (CTV), digital out-of-home (DOOH), and online audio, according to WARC Media data.
In 2023, the technology and electronics sector is forecast to spend $593m on online audio, 57% more than it will on broadcast radio. Online audio ad spend now accounts for 61% of the sector’s overall ad investment in audio channels, a massive increase from 2016 when spend on online...