The Connected TV (CTV) advertising market is experiencing rapid growth, with global ad spend anticipated to reach $35.2 billion in 2024, marking a 19.6% year-over-year increase. CTV is responsible for driving two-thirds of the growth in video ads, fueled by innovations such as programmatic advertising, private marketplace deals, and shoppable ads, all of which improve targeting and boost viewer engagement. By 2026, CTV ad spend is projected to grow to $46.3 billion, accounting for nearly 24% of global video ad revenue.