Wednesday, 16 March 2016

Factors Set to Affect Outdoor Advertising in India in the Financial Year 2016-17

As the financial year for 2015-16 draws to an end, let us analyze the Outdoor Advertising trends which are most likely to be carried forward to the next term and the factors which will affect the media the highest. One of the disappointments of the present year 2015-16 was that good starts in brand spending could not be sustained at the expected levels. This write-up analyses the primary factors affecting Outdoor Advertising in India, with an aim of planning for high performance of the media in 2016-17.

Another attribute of OOH India is that without corresponding growth in the other sectors, the brands will be reluctant to spend on advertising. In this regard, “Make in India” seems promising and the Outdoor Advertising in India is ready to bask in its success.

OOH India is also looking at partnerships and expansions in order to boost advertising growth. Thus, Outdoor Media Services in India is looking at expansions through agencies and new acquisitions which would aid the maximization of profits in spite of low margins.

Media in large formats is expected to continue to stay in focus as the brands are likely to continue aiming for high impact to tackle competition. An increase in service tax won’t be helping the profit margins. Hence the Outdoor Media Service Agencies in India will seek an increase in sales. Thus, focus on large media formats and an increase in sales will be the key areas of influence in the financial year 2016-17.

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