Eyes on Roku and Samsung as Omdia report vast growth in Connected TV and FAST

Roku is at the forefront of the CTV advertising space, with projections indicating it will generate $5 billion in revenue by 2029. This forecast includes income from Free Ad-Supported Streaming TV (FAST), CTV user interface ads, and third-party inventory shares.

Roku’s dominance in CTV advertising is expected to drive the industry, which is forecasted to double by 2029 compared to 2024 levels. Currently, Roku is the leading CTV player in the US, the world’s largest advertising market, with 20% of US TV sets powered by its platform, enhancing its advertising success and setting a benchmark for competitors.

Samsung, the second-largest player in the CTV market, is also anticipated to see substantial growth, with revenues projected to reach $3 billion by 2029 - more than doubling from $1.35 billion in 2024. Samsung’s extensive global presence enables it to maintain strong competition with Roku, despite Roku’s dominance in the largest advertising market.

Walmart’s acquisition of Vizio highlights its strategic move to tap into the expanding CTV revenue streams, with plans to explore new avenues such as retail media and shoppable TV in the U.S., indicating shifts in the competitive landscape.

The total CTV advertising market is set to grow from $6.65 billion in 2024 to $13.5 billion by 2029, with Roku expected to lead this expansion, projecting revenues of $2.8 billion in 2024 and rising to $5.1 billion by 2029.

“Roku’s success is driven by its position as the largest platform in the top advertising market, while Samsung maintains strong competition through its broad international reach,” said Maria Rua Aguete, Senior Research Director, in Omdia’s Media and Entertainment practice. “As the CTV advertising market is set to double, both Roku and Samsung are strategically positioned to leverage this explosive growth.”

Watch Maria Rua Aguete’s sessions at IBC2024 in Amsterdam which delve into the key drivers of growth in the media and entertainment market, the rise of streaming video, evolving advertising business models, and the impact of AI on the industry.