MediaMath Research Shows Consumers Willing to Share First-Party Data, as Third-Party Cookies Depreciate
Survey illustrates consumers are concerned about third-party cookie tracking, but are willing to provide first-party data
MediaMath, acclaimed independent advertising technology company for leading brands and agencies, has announced findings following a consumer survey, revealing that brand trust is directly related to how brands prioritize consumer data privacy. As a part of the consumer-brand trust dynamic, data illustrates how consumers are still not comfortable being tracked across the sites they browse, while a majority are comfortable sharing first-party data – especially with brands they trust.
“We are experiencing an awakening of commerce with a focus on consumer privacy prioritization. At the same time, marketers are realizing how much consumers value personal data privacy,” said Fiona Webster-Campbell, chief privacy officer at MediaMath. “Our data shows the same consumers who are uncomfortable with third-party cookie tracking are willing to share first-party data, including personal information, demographics, and email information to improve their online experiences.”
Recommended AI News: Docebo Expands APAC Presence With Acquisition Of Skillslive
Key findings: Brand Loyalty and consumer privacy
- 84% of consumers are more likely to trust brands that prioritize using personal information with a privacy-safe approach.
- Nearly two thirds (59%) of consumers accept all cookies when promoted with a cookie acceptance notification; almost a third (27%) of consumers note “it depends on whether it’s a website of a brand I trust.”
Additional findings illustrate that while the majority of consumers feel confident they understand third-party cookies and are willing to accept all cookies when visiting a website. Data also shows the majority of consumers are not comfortable with websites tracking the other sites they visit.
Key Findings: Understanding of third-party cookies
- 54% of consumers say they fully understand, 32% somewhat understand, and 15% do not understand what it means to “accept cookies” when visiting a website.
- More than half of consumers (51%) were not comfortable with websites tracking online behavior and capturing personal information such as the other websites visited.
Notably, while these consumers are not comfortable with websites capturing information about them, such as the other websites they visit, consumers were more likely to be comfortable providing first party data such as their demographic information or their email address if it would improve their online experiences.
Recommended AI News: CynergisTek Announces New Six-Figure Cybersecurity Consulting Contract
Key Findings: Willingness to share first-party data
- 74% of consumers are willing to share preferences, interests, and demographic information directly with brands if that would improve their online shopping experience
- 71% of consumers are comfortable sharing an email address with brands if that would provide personalized online experiences, offers, and advertisements.
“Certainly education will be important to ensure consumers understand how their data is used, and the brands who offer that transparency and information openly will lead in the post third-party cookie world,” said Webster-Campbell. “The shift towards privacy-safe, opt-in targeting will be critical to empower consumers to choose how they want to interact with brands across the internet.”
These findings are based upon data collected from a consumer survey capturing one thousand respondents ranging from ages 18 to 65+ across the United States.
Recommended AI News: Patrick Clancey Appointed Chief Executive Officer Of IDEMIA National Security Solutions
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.