How Media Consumption in Latin America has Revolutionized Marketing
Martech Outlook | Thursday, November 24, 2022
Latin American consumers are shifting from traditional media consumption to smartphones. Advertisers are exposed to a larger market.
FREMONT, CA: Marketing experts are concerned with emerging standards of communication. Advertisers are analyzing how consumers are shifting from traditional forms of media to finding new ways of catering to new audiences.
Advertisers are identifying changes in trends in consumption.
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Conventional media consumption keeps declining in Latin America: Social media is the most popular choice, with most consumers using social media. Television has undergone the least resistance. Latin Americans prefer watching the news on television to online websites, but only 22 percent rely on newspapers for their news.
Rise of mobile video: Average global internet penetration is 73 percent. Latin America sees a 93 percent involvement. Eighty-five percent of Brazil's population uses smartphones, yet it is the market with the least investment in smartphone advertising.
Streaming: Most Latin Americans prefer to watch content on smartphones than televisions owing to a preference for streaming platforms. The television is reserved for watching the news. Despite the popularity of Netflix and Disney+, Latin Americans prefer free content over paid. Youtube and Facebook were preferred during the pandemic by a larger audience.
Social networking and digital marketing: Latin Americans spend 3.5 hours on social media. Marketers and advertisers can reach out to 60 to 80 percent of the population.
Digital marketers can leverage social media to reach a larger audience.
Content creators: Content creators have access to followers that advertisers can tap into through affiliate marketing.
WhatsApp: WhatsApp has a 90 percent penetration in the market. WhatsApp can be used for closing sales.
Facebook: Facebook can be used to generate brand awareness to introduce 80 percent of its users to new brands.
Advertisers have a larger playing field than they did a few years ago. Digital advertising on social media is largely through video ads, encouraging investments up to 55 percent of all advertising. Digital marketing can reach a wider audience as Latin Americans consume more through online platforms.
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