Dentsu E4m Report 2021
Dentsu E4m Report 2021
Dentsu E4m Report 2021
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DIGITAL ADVERTISING
IN INDIA
2021
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Anand Bhadkamkar
Chief Executive Officer - India, dentsu
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Foreword
2 020 presented a monumental
challenge to us – as individuals,
business and society. It made us
the elderly, meanwhile, gradually
moved to using cashless digital
payment methods instead of cash
witness time and space in ways transactions. Result? The pandemic
that many generations had only began to aggressively fuel digital
read about in textbooks or had adoption across the country leading
heard of from aging bystanders of to a 15.3% growth over the previous
yester-history. Yet, I must reiterate year.
that despite all the aching that this
hailstorm of a year introduced into Digital has been the largest and only
our lives, 2020 was also maleficently medium to grow amid this global
unique. It forced us into depths of pandemic in India and we will persist
insights that we could never have to work with our clients on this
comprehended otherwise. It also transformational journey. Also, it’s
reminded us of what the human the 3 Vs (voice, video and vernacular)
spirit could eventually endure and that will continue to remain at the
the magnificent resilience that it is epicentre of all our focus areas.
capable of!
We, at dentsu, expect 2021 to witness
The year was extremely tough on all a colossal rise in digital advertising.
of us and scarred the economy and We also recognise the need for a
businesses alike. In fact, every little business intelligence report that
aspect of advertising had to take the can give directions toward which
bearing as the industry slipped by a this industry is moving with ever-
massive 17.5% over 2019 due to the changing client demands and market
pandemic. Categories such as events, scenarios. The lack of detailed and
seminars and sports – areas that are accurate Digital Advertising Spends
chiefly reliant on physical human is surprising for a medium that lends
interactions - took the steepest fall. itself to measurement. It is to fulfil
this gap that the digital agencies at
Nevertheless, the pandemic also dentsu have collaborated with e4m
fostered something new. It created once again to launch the 5th edition
demand for e-commerce purchases of our Digital Report that extensively
in tier-II and tier-III cities and covers Digital trends, spends and
brought in a behavioural shift in insights across all sectors.
elderly consumers. Customers from
tier-II and tier-III cities began to We look forward to your thoughts
prefer buying from online retailers and opinions to help sharpen our
offering delivery at flexible timings approach towards this fast-growing
while being cautious about safety industry as we strive to expand,
and health during the pandemic; together.
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Nawal Ahuja
Co-Founder, exchange4media Group
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The Indian
Advertising Industry
• Ad spends on media
• Media spends across industry verticals
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The Indian Digital
Advertising
Industry
• Spends on digital ad formats
• Growth of E-commerce
advertising in India
• Digital media spends acros
industry verticals
• Digital Media Spends across devices
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• Trends in digital media buying
Changes in
Indian consumer
behaviour
• Growth in the usage of voice technology in India
• Drive towards vocal for local language
• Transition towards digital news media
• Boost in online gaming in India due to the pandemic
• Shift in consumer spends
• Adoption of online education in India
4 Research
methodology
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Executive Summary
The global outbreak of the pandemic transformation. Thus, businesses
sent shockwaves across the global have reshaped their functioning by
economy. Various industries and diversifying, adapting to the market
verticals experienced the impact of situations. This has catalysed the
the pandemic, including the media changing consumer habits towards
and advertising sector. The pandemic digital and the advent of the new era
accelerated the process of digital for the Indian economy.
11.59% 22.47%
CAGR CAGR
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-17.5%
Ad Industry Growth
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1,617
3% 288
1,632 0.5%
3%
Telvision
13,970 Digital
41% OOH
Radio
15,782
Cinema
28%
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Due to the pandemic, there has Out-of-home (OOH), radio and cinema
been a huge positive shift in the have also witnessed the media ad
time audiences spend on digital. The spends share decline compared to
advertising spends on digital have 2019. The festive season combined
increased from 20% in 2019 to a with IPL and business activities
whopping 28% in 2020. This shift has in the economy post lockdown
impacted print, resulting in slower allowed brands to liquidate their
growth with its media share declining OOH inventory and reasonable
from 29% in 2019 to 25% in 2020. proportions of spends came into
There is a drop in the readership of this medium.
print due to the availability of content
on digital platforms.
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13,143 11,554
23% 21%
1,662 | 3%
9,788
2,542 | 5% 17%
2,836 | 5% 4,092
5,121 5,751
7%
9% 10%
India is rapidly moving towards FMCG spends the largest share of its
becoming a digitally empowered media budget on television (64%)
country. Digital is being seen as the as the medium has the widest reach.
catalyst towards booming digital This is followed by spends on digital
payments, an exponential rise in (19%) and print (11%).
e-commerce spends, and overall
economic growth in India. The The automobile sector spends the
expenditure share in the advertising majority of its media budgets on
spends pie for e-commerce has print (39%) followed by television
increased from 10% in 2019 to and digital. Share of digital spends by
17% in 2020. During the lockdown the automobile sector has increased
and unlock phases when people were from 16% in 2019 to 25% in 2020.
restricted to remain indoors, the
e-commerce industry fostered online E-commerce sector spends the
demand and change in consumption highest share of its media budget on
patterns in turn benefiting the television (45%) followed by digital
economy and the consumers. (39%). Retail segment spends the
maximum budget on print followed
by digital.
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10%
19%
25% 23% 0.1% 2%
32% 6%
4% 39% 40%
2% 1% 45%
3% 5%
11% 3% 1% 1% 57%
8% 5%
1% 1% 1%
3% 0.3% 6% 48%
1%
14% 6% 4%
39% 1% 1%
4% 15%
47% 3% 1% 37%
64%
50% 19%
45%
35% 34%
29%
15% 16% 19%
FMCG Auto E-Commerce Retail Telecom BFSI Media & Consumer Others
Entertainment Durables
The telecom segment spends the followed by print (19%). From 2019,
largest share of its media budget on BFSI segment’s spend share on
television (50%), followed by digital digital has increased from 42% to
(40%). The telecom segment’s 57% in 2020.
advertising expenditure share on
digital increased from 35% in 2019 Media & entertainment segment
to 40% in 2020. This is mainly spends most of its budget on print
because Vodafone-Idea (Vi) launched (37%) followed by digital (32%). The
its new branding campaign and other segment has increased its share of
telecom companies were heavily spends on digital from 23% in 2019
active with new launches during the to 32% in 2020.
second quarter.
Consumer durables spend the
BFSI segment spends the largest majority of their shares on digital
share of its budget on digital (57%) (45%) followed by television (35%).
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Innovations
shaping the
new normal
Tanay Kumar
CEO, Co-Founder & Chief Creative Officer, Fractal Ink Design
Studio linked by Isobar
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Remote working tools: Overall, the new norm will push all
Wanted to bring this up last, as these of us to the edge and innovation is
tools have become the backbone of inevitable. The sooner we realise this
our current survival mechanics. All the better we would be in this race to
sectors from education to working adapt to the new norm.
“
In the coming days, we will see new
platforms innovating on various
aspects of remote working and bringing
specialisation to the table. Events,
office work, education, entertainment
“
all will see some innovation in the
coming days.
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32.4% 23,673
31.7%
26% 18,938
25%
15,782
13,683
20%
10,859
15.3%
8,202
6,228
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568 | 3%
2,528
4,596 Social Media
16%
29% Online Video
9,788 Paid Search
17%
3,725 Display Banners
24%
4,366 Other including Classifieds
28%
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shifting at a rapid speed and digital needs and build trust. The pandemic
is taking the lead. Digital media pushed more and more businesses
saw the quickest recovery and to go online and engage with their
digital advertising spends returned customers directly and create
to pre-lockdown levels by the end avenues to cement brand recall. The
of 2020. rapid growth of online video has
shown that digital has evolved as a
For brands, it has always been strong branding and creative medium
imperative to have an active social in addition to being the performance
media presence to communicate behemoth historically.
with consumers, understand their
5% 4% 4% 4% 4%
7% 6%
Display Banners Online Video Social Media Other Incl. Classifieds Paid Search
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Digital marketing
in the post
COVID-19 era
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Salil
Sadanandan
President, South
Asia & EMEA Kohler
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On the ecommerce front, with a 100 Let’s take a few examples from this
percent rise in online orders from year to validate the hypothesis of
Tier 2 and 3 cities, Myntra got over brand building and performance
5 lakh shoppers over a 4 days end of marketing becoming seamless.
season sale, over 15 lakh products
were sold during the 12 hours of IPL has been the biggest bet so far
EORS. It also registered the highest in 2020, and advertisers have been
ever number of app downloads and bold enough to take these bets and
new customer acquisitions on day we believe this opportunity will help
one of EORS. in driving meaningful customer
adoption. With 229 million viewers
Nestle reported ecommerce is 4% tuned in on day one of IPL 2020,
of revenue, double YoY. 28% growth was witnessed in
comparison to last year and it is
E-commerce companies including only increasing.
Flipkart and Amazon sold $4.1 billion
(Rs. 29,000 crore) worth of goods What is even better this year is the
during the October 15-21 period this tenacity of viewers. More time spent
year, up from $2.7 billion in 2019. at home leading to more active time
spent on watching and celebrating
All of this will result in an exponential IPL has offered more immersive
increase in investments on digital partnership opportunities for
both, in products for enablement advertisers. ESPN CricInfo has
and platforms for marketing. The come up with many customisable
Indian digital advertising industry opportunities, which have been
is expected to grow at CAGR of adopted by our client partner
32% to reach Rs. 18,986 crore Whirlpool and we are seeing healthy
($2.93 Bn) by 2020. results. Indians have really gone
through a flood of emotions over
With greater dependency will come the last 6 months, and the IPL has
even greater responsibility on presented temporary relief in many
digital mediums Digital will take ways, to brands and audiences.
the responsibility of sales alongside
marketing increasingly, as a result With conviction, we see in these
of that the media mix is going opportunities and brands willing to
to change with performance / ROI sustain momentum. Investments
driving mediums taking a major are going to be heavy in the
share. approaching festive season too,
making the period longer and
brighter for advertising this year.
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Strong brands get even stronger share stories of what they do. All in
during periods of downturns and all, COVID-19 has given newfound
depressed advertiser sentiment resilience to brand managers and
and this period is no different. We the C-Suite in adopting holistic
are excited in how this newfound thinking when it comes to managing
momentum sustains throughout their presence on digital platforms.
the IPL & festive seasons, and even They are no longer just allocating
beyond for the new year. small parts of their spends online –
they are building with digital as the
The biggest shift that we are epicentre of the brand experience.
witnessing is an overhaul in how This has implications on their
brands overturn their marketing balance sheet, the competition,
teams. Today, marketing is not their marketing spends, and more
just about the 4Ps. It’s about excitingly in the long run, how they
truly adapting to your customers’ develop products to be even more
needs, as quickly as possible, and customer-centric going forward.
meeting them where they are
present. Brands are not outliers to
culture and society but a part of it.
It matters how they adapt and how
they give back, and then ultimately
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Building efficiency
in Digital Marketing
using Data and
Technology
Rubeena Singh
CEO, iProspect India
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with our friends, the way we work, Here are 5 areas where technology
the way we run our homes, and can help scaling and building
most definitely, the way we shop! efficiencies in digital marketing.
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388 | 2%
1,362
809 | 5% 9%
3,782
1,004 | 6% 24%
1,618
10% 2,609
17%
2,046
13% 2,163
14%
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FMCG Auto E-Commerce Retail Telecom BFSI Media & Consumer Others
Entertainment Durables
Display Banners Online Video Paid Search Other incl. Classified Social Media
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Evolution of
Digital Marketing
in the Never
Normal World
Gopa Kumar
COO, Isobar
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Here are some of the key behavioural Another trend one will see is the
changes of people which could be emergence of health economy. As
observed include- health will become an essential factor,
everybody will be willing to invest
Trust will become a necessity This in health-related activities. Every
means, for brands to be effective, they business will require to understand
would need to be trustworthy. In some how it can be part of a new health
cases, to rebuild trust quickly, the ecosystem that will dominate
focus should be on building confidence consumer thinking.
through every channel. Optimism
will sell more than fear. The familiar Some of the other behavioural
will be more valuable. Established actions happening around the world
brands that handle the crisis well and in India are people postponing
will rise in value and acceptance. purchase decisions in many
The risk will be less tolerable to most categories due to uncertainty. This
people. Individualism may rise with will be expected to continue even
more people adopting a look-after- after COVID threat reduces. People
yourself-first policy. will continue to wait and watch,
which will result in broken marketing
Virtual world becomes a reality calendars for brands as demands will
The enforced shift during the worst continue to fluctuate.
of the pandemic to virtual working,
consuming and socializing will fuel a This will also mean that digital
massive and further shift to virtual will become a necessity. It will be
activity for anything. But it is growing a solution for all requirements
fast. Microsoft teams experienced a of consumers, whether its
500+ percent increase in calls and entertainment, commerce or utilities.
conferences worldwide. Anything
that can be done virtually will be While it’s tough to wear a future-
preferred. Brands & organisations gazing hat in this ever-changing
that will win are those who test and dynamic and fluid world around us,
explore all the associated creative there are definitely certain trends
possibilities. While everything which are shaping in the post-COVID
is moving virtual, a craving for world and where digital will be the
“real” will also build and things will key driver.
explode when everything opens up
or comes back to normal. But virtual Day to day essentials, groceries and
experiences and content will continue medicines will massively be driven
to grow and expand like virtual gym, by digital and will see huge growth.
virtual commerce, virtual arts, etc.
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“
Are we ready to embrace it?
The new normal environment will be shaped
and driven by digital. It will touch all aspects
of our life, whether it is work or entertainment,
“
education or social, and financial or marketing.
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Desktop Mobile
Search
Video
Social Media
Display Banner
Desktop Mobile 44
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25%
38% 40% 42%
75%
62% 60% 58%
Direct Programmatic
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Programmatic
Made Simple.
Drive successful omnichannel
campaigns with Verizon
Media’s DSP Identity at core,
Smarter Performance,
Exclusive Inventory Nikhil Rungta
Country Manager, Verizon Media
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Who moved
my cookie?
The death of third-party cookies
and a look at the evolving nature
of audience activation
Anubhav Sonthalia
CEO, Merkle Sokrati
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“
Here at Merkle and dentsu, we’ve always
believed that customer data powers businesses.
It enables the organisation to know, service,
“
and understand customers so that we can meet
their needs, regardless of how they engage.
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New e-commerce:
Thriving on
super apps
Ishtaarth Dalmia
AVP, Strategy & Lead, Corporate Strategy,
Dentsu Webchutney
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1,800
1,619
1,497
1,337
1,326
1,305 1,247 1,235
1,000
2,16,243 2,22,517 2,06,462 1,51,141 2,18,392 2,61,835 2,90,538 2,98,308 3,29,028 3,86,107 3,90,999 4,16,176
Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20
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When the apex body for payments in In large part, super apps start off small
India, NPCI, launched UPI in 2016, the in metros to a category of consumers
inter-operable nature of commerce known as post-liberators (younger
wasn’t a foregone conclusion. Swiftly, millennials today) who would drive
India went from e-commerce to India’s consumption economy.
everywhere commerce, through They are India’s version of baby
a significant investment in digital- boomers (the class which led to the
enabled payments. USA’s economic boom after World
War II). Post-liberators are people
In 2020, UPI reached a monumental like me, the author, born either a little
milestone. It had its first-ever month before or after the liberalisation was
with over 1 billion transactions along instituted by the then Prime Minister
with multiple trillions of rupees Narasimha Rao and finance minister
transacted. Its growth is exponential Manmohan Singh on July 24, 1991.
and will only accelerate, taking away Post liberators are now bulwarks
share from other forms of digital of India’s demographic dividend,
payments. an aspirational class with global
outlooks & expectations.
Perhaps it’s no surprise that UPI
has been a bright spot during the Post-liberators don’t know a world
pandemic. The numbers clearly of scarcity; access has always been
indicate that UPI has surpassed made available to them. Super apps
credit & debit card usage - financial have helped organise the physical
instruments that have been around world, from food delivery to groceries
for several decades. Following this to even movement within a city (with
trajectory, the investments in building Uber/Ola). This consumer class has
a super app simply make sense for witnessed foreign brands enter the
payment providers. And there’s a Indian market, and have seen more
massive advantage in building a new ways to access what they aspire.
super app for a generation whose
lives reside on smartphones. These consumers are all for
convenience and have been born
The super app is an equaliser in a into an economy where everything
couple of ways: is a click away. Super apps will bring
the same levels of convenience to
1) it brings the convenience to even every single segment of customers
more people, including the unbanked. in India.
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Each UPI platform has a super app Over time, they become aggregators
strategy. Hence, any app with repeat to create a layer of super app services,
use will eventually consider adding according to Chawla, including
services that take them closer to a “payment, loyalty, logistics, escrow,
super app. In a country where cash refunds that act as enablers to
is king, payment is turning out to be a smoother transaction for a broad
a killer app for tech companies, its variety of services. He concludes,
users, and soon, for brands. “This unique bundle of code,
which wraps itself around a
Google Pay (a Dentsu Webchutney consumer’s life is simple to imagine,
client), Paytm, and PhonePe were but hard to build.”
for the longest time considered
technology products because they This evolution from a focused app
came from technology companies. that solves a key user problem
Working on top of the most advanced through a smartphone to a super app
financial infrastructure, these can be seen across categories. We’ve
consumer technology companies seen first-hand how Reliance Jio
have become bulwarks of fintech made an app for recharges, MyJio, a
and for digital payments in India. frontend for all-things Jio platforms.
Airtel, Flipkart, Truecaller, Ola, and
Recently, venture capitalist Haresh even SBI (through YONO) have are
Chawla wrote on the race to build moving towards offering bundled
‘desi’ super apps, describing them services. However, time will tell how
as a “holy grail of the internet successful they are at fulfilling the
economy which keeps on giving.” promise of interoperability with
For companies building super apps, other services such as insurance,
it’s a self-perpetuating, high-velocity digital gold, and loans.
flywheel of consumers, transactions
and services, i.e., increasing their By some measures, Paytm is furthest
lock-in with customers. Worth in its super app progress, with
noting is that all of these companies shopping services, gaming, digital
are technology companies and not gold, movie, air, train ticketing,
consumer companies. Few products mutual funds and insurance, all
start with ambitions to become rolled into one single login. The only
“super apps”. Google Pay was a problem is that one company cannot
product of the Next Billion Users build/digitise all the services, which
group at Google before evolving into is why an easy-to-use development
a platform. Paytm started off as a platform is necessary to access those
recharge app. engaged customers. Paytm realised
this and launched its mini-apps -
with a splashy ad campaign covering
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all major English dailies, after being appetite to let others make money
removed from the Play Store for its off their services? Does it level the
fantasy games. playing field? Or is it an endpoint to
harvest more revenue per user?
This brings me to a question worth
asking about super apps, however, All these questions apply to brands
super apps succeed as platforms themselves, who can approach super
and it’s key to understand what a app providers or choose to build their
platform really is. Bill Gates once said, own. Financial services seem like the
“A platform is when the economic best starting point, simply because
value of everybody that uses it, financial services have traditionally
exceeds the value of the company been exclusionary. Going forward,
that creates it. Then it's a platform.” they will unlock billions of dollars
Do the companies trying to transition of value by making access to these
to super apps have the engineering financial services easy.
talent, customer centricity, and the
If Google and Apple own the bottom two layers of the consumer tech stack,
brands can find several opportunities to be present in different places.
There are billions of dollars of value to be unlocked in every major vertical.
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Insurance, gold and loans are massive markets that need penetration - the
smartphone is perfect for that. It’s not easy to answer the super app question
if you’re an apparel/FMCG/grocery/retail conglomerate. The needs differ
among different segments. Aspects of financial services, however, are the
same for all. Just ask Amazon. Questions brands will need to ask regarding
their super app strategies:
1. What are your current time when Flipkart and Myntra shut
transaction costs? down their entire websites to lead
them to the app - that was clearly
There’s an underappreciated cost a mistake because the app was just
to building a super-app, which another front-end to the website.
is maintenance. Companies that Develop a unique and differentiated
have historically underinvested in offering that will make your brand
technology, maintain silos and will stand out.
find it difficult to integrate. It requires
an organisational shift for some. 3. What kind of segment do
Brands building it themselves will you communicate to?
take a while to realise that it’s not
so simple. Partnering to make it a Knowing your customer seems like
reality means losing out on valuable a gospel for everyone, but few can
customer data, but making it up in pull it off. To make a super app, the
volume/transactions. addressable market needs to be
either huge or highly specialised.
2. How has your advertising One simply cannot punt on knowing
and media mix changed? who the offering is designed for. In
the last five years, most customer-
Many brands have digital vs. offline centric brands have succeeded in
spend. That’s folly. Brands need growing their base of users rather
to build digital-first pipelines and than just harvesting them. Knowing
repeatedly emphasise digital-first your brand’s larger-than-life vision,
brand engagement. Assume that all very clearly, will make a difference as
offline spend can also influence digital brands attempt to reach new users
purchase paths. Upon building a super through super apps.
app or partnering with one, it’s key to
not send mixed signals to customers. 4. Opinionated user
Customers today are less pro-choice, experiences
more about increased trust. They use
super apps to eliminate other options, It’s hard to stress on this point. For
so think carefully about how you want a lot of brands, the user experience
to lead customers there. There was a is taken for granted. It shouldn’t be.
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The way a brand crafts their super Wealth in the HNI financial services
app or the experience on it is a moat. space. Apollo/Mfine in the healthcare
It is an extension of the brand. The space. Super apps will attempt to make
reason Google Pay flourishes is not their websites and other apps in the
just because of its novel marketing play store obsolete, or even reduce
approach, it’s also because it is the need to try them. Brand managers,
simple for anyone, anywhere to use. channel mix will matter a whole lot
It required hands-on research and more as time goes on. Invest wisely.
development. Not too many brands
have the appetite or the vision to do
the same and use super apps as a All in all, super apps will succeed if
credible channel for growth. consistent and reliable inventions
are sustained with breakthroughs in
5. There’s a super app in your the user experience. Brands will be
category wise to not treat super apps just as
another channel, given how many of
While financial services are an obvious them there are already. They will need
starting point, we suspect there could to make hard decisions about what
be an OS-ification across different they want to really achieve from super
categories. Dunzo/Swiggy/Zomato apps. We await compelling answers as
in logistics, with food delivery as the the most exciting period in consumer
starting point. Facebook/WhatsApp technology & e-commerce changes
in social networking, given its recent the way brands go from awareness
move of adding marketplace and to action for their next billion
emphasising payments. CRED/IND audiences, beyond advertising.
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Vaibhav
Kumar,
E-Commerce &
Digital Marketing,
Max Life Insurance
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88% in the ethnic wear category Firstly, brands need to identify how
their core values fall in line with a
popular theme, brand or event. For
260% in the children’s
clothing category
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example, how does your brand fit in social media engagement plans
with the holiday season and spirit? and user experience workflows.
Or, how does associating with the Ultimately, creating unique ad copies
India Premier League help amplify that are reflective of the concept,
your brand among the masses? Once capture the attention of the search
the concept is in place, brands need user and drive them to your content
to build the right assets including help complete the loop.
mobile-optimized landing pages,
Making Search
work for your
brand from C ross-Promote
with Highvalue
Keywords
Awareness to With high-value keywords, brands
Conversions can reach consumers who are in
search of a brand and showcase
In summary, here is a checklist high purchase intent to drive
of our favourite tips to ensure meaningful conversions.
maximum impact for your
campaigns:
D rive incremental
acquisitions by
A im for the best
spot in SERPs
staying ahead of
competition
Build an arsenal of brand keywords Brands must target consumers
and run them in the best position. who are in search of the
This delivers the overall highest competitor’s brands and engage
value in terms of higher CTRs and them contextually to drive
conversion rates. incremental acquisitions.
B uild a brand
experience with
shoppable ads E ngage with
remarketing!
Shoppable ads provide a Keep the conversation going
seamless interactive shopping to ensure your consumers are
experience for the consumer, engaged. Leverage the power
with a live feature of viewing of remarketing to drive
and experiencing the product. maximum ROI for your brands
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296.46
40.47%
Size (INR Cr)
40.32% 210.63 Growth
149.95
106.86
Source: Voice technology in India, now & future: Consumer & business perspective report,
WATConsult, Recogn
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Navigation
Music Streaming
Video Streaming
Easy to Navigate
Easy to Use
Convenient to browse online Travel
Search Engine
News
Keyboard
Feel Comfortable
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8% Reduced
2% Reduced by a lot
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Increase in Spends
Mostly Online Online Online & Offline
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During lockdown
economic activities. According to
Before lockdown
the Indian consumers, they are very
optimistic regarding the full recovery
of the economy as they feel that it
will undergo a rebound within 3-6
months post lockdown.
Source: Change in consumer spends during COVID-19 report,
WATConsult, Recogn
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Adoption Of
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2/
3
Teachers Students
of parents favour
technology-enabled
30 %
34 % schooling options
like online schools
Parents are now
and colleges
more open to online
learning at home.
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Social Commerce:
Unlocking the $70 Billion
Gold Mine in India
A recent study from Bain & Company and Sequoia suggests- 76% Indians
do not trust online sources for their purchase needs, 75% Indians only buy
products from someone they can trust, 23% found the unavailability of product
descriptions in local languages was a problem, and 10% struggled with finding
the right products to fit their lifestyle needs.
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The KOLs and creator economy in D2C models, where KOLs act as
distributors, and content platforms
KOLs are hyper-local subject replace brick and mortar stores,
matter experts with an in-depth making it a more cost-effective
understanding of their region’s channel for sales.
cultures, intricacies, and are a key
factor attributing to the rise of social “For us at Dr. Vaidya’s, Trell has
commerce in India. always been an exciting platform
because it allowed us a new way to
Trell has over 15 Million+ content get closer to our users. Working with
creators and over 10,000 are KOLs, KOLs on the platform allowed us to
who earn between Rs 50,000 - unlock regional communities and
Rs 25,00,000 a year. The ability to communicate in a deeper manner
monetize passion has made content with our consumers. It is just the
creation a primary profession for the beginning and we can’t wait to explore
young generation, while some enjoy what more the platform will have
it as a secondary career option. in store for us.” says, Arjun Vaidya,
Like Tanya Manavalan, a 24-year- CEO of Dr. Vaidyas, who partnered
old teacher and KOL, who wanted to with Trell to list their products and
pursue her passion for storytelling sell on Trell.
via content creation. A year ago, she
started creating beauty and wellness Connecting the dots: The Single
content and has skyrocketed with Platform Powerhouse
over 955K+ followers. With multiple
brand collaborations, Tanya is now Today it is difficult for brands to find
earning more than Rs 50,000 a month the right influencers with the growing
on Trell as an additional income. volume of content creators. And for
consumers, to identify products that
Brands Leveraging KOL satisfy their lifestyle needs.
economy
Trell presents as a matchmaker
The other half of this growing story are between Brands, KOLs, and their
the brands that are leveraging the KOL consumers by doing the following,
community for visibility and increased
ROI. Fashion, Beauty, and Personal • KOLs add credibility to the brand
care are lucrative categories that by sharing honest product reviews
benefit from visual and experience- and recommendations with their
based recommendations. The future community in local languages.
of retail for these categories lies
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Mass Digital:
The New
Way Forward
Heeru Dingra
CEO, WATConsult
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digital offerings, but recently they traction as they offer a simple, secure
have witnessed a significant rise in and convenient means of payment
the integration of digital technologies and Fintech players are doing their
on a mass scale. bid to successfully target the last
mile penetration.
Many innovative and note-worthy
initiatives have recently been India had already started to undergo
introduced to the digital payment a technological transformation. The
ecosystem of India like UPI, Bharat pandemic accelerated the process by
Bill Pay, IMPS and ETC (Electronic Toll a few years. Covid-19 has prompted the
Collection) through FASTag, all by country to reimagine the possibilities
the National Payments Corporation of connectivity triggering an
of India (NPCI). Banks announced opportunity to rebuild the economy,
WhatsApp banking services directed digitally. The population moved
at seniors and rural customers who along an exponential technology
might not be well conversant with curve from barely any connectivity in
online banking. 2014 to the second most connected
nation in the world in 2020. With
With continuous use of advanced the rapid adoption of technology,
technologies, Indian digital payment sustained efforts and partnerships
and FinTech companies are now between private and public sectors
offering an expansive array of to democratise digital, making sure
integrated and consumer-friendly that everyone has the opportunity
solutions in the form of new and and is enabled to participate in the
innovative business models. Newer digital economy, India has a unique
services like Bharat QR or contactless opportunity to make the vision of a
‘tap-to-phone’ are gaining rightful truly inclusive India a reality.
“
With the rapid adoption of technology, sustained
efforts and partnerships between private and
public sectors to democratise digital, making
sure that everyone has the opportunity and is
enabled to participate in the digital economy,
“
India has a unique opportunity to make the
vision of a truly inclusive India a reality.
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Primary Research:
Interviews were conducted with advertisers and
stakeholders across industry verticals, media agencies,
online publishers and ad networks to understand their
advertising investments across media, along with
other focus areas in digital media.
Secondary Research:
Secondary research was done to identify the market
structure and dynamics of the digital ad market in
India. Information was collected from various external
and internal sources, and analysed thoroughly for
validating the primary data.
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