The Free Ad-supported Streaming TV (FAST) market is undergoing explosive growth, representing a significant revenue opportunity for service providers. A recent report from Omdia found that FAST revenue grew almost 20 times between 2019 and 2022, and is projected to triple between 2022 and 2027 to reach $12 billion.
Consumers are attracted to FAST channels because they are free to watch and provide a similar viewing experience to linear television. In exchange for free content, viewers are required watch video advertisements that typically run 15-30 seconds.
Recently, service providers have started exploring the benefits of delivering FAST channels with targeted ads. By delivering well-targeted ads, media owners can achieve a higher Cost per Mile/Thousand (CPMs), boosting their revenue. However, service providers must ensure a superior-quality streaming experience.