Press release
With 13.70% CAGR, Programmatic Advertising Market Size to Surpass $138.25 Billion By 2030
Programmatic Advertising Market
The programmatic advertising market has witnessed remarkable growth in recent years, with an increasing number of advertisers and publishers embracing programmatic technology to streamline their advertising efforts. According to Market Research Future reports, the global programmatic advertising market is expected to reach a value of $ 138.25 billion by 2030, with a compound annual growth rate (CAGR) of 13.70% during the forecast period (2022 - 2030). This growth can be attributed to the rising adoption of digital advertising, the proliferation of mobile devices, and the demand for targeted and personalized advertising solutions.
List Of Key Companies:
The programmatic advertising landscape is dominated by key players such as Google Ads, Facebook Ads, Amazon Advertising, The Trade Desk, Adobe Advertising Cloud, and Verizon Media. These companies have established themselves as leaders in the programmatic advertising space, offering advanced targeting capabilities, real-time bidding, and data-driven advertising solutions. Additionally, emerging players and startups are contributing to the market's dynamism, fostering innovation and competition.
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Market Segmentation:
The programmatic advertising market can be segmented based on ad format, platform, end-user, and region. Ad formats include display advertising, video advertising, mobile advertising, social media advertising, and others. Platforms comprise demand-side platforms (DSPs), supply-side platforms (SSPs), and others. End-users encompass advertisers and publishers. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Market Drivers:
Several factors are driving the growth of the programmatic advertising market. The increasing internet penetration, the proliferation of smartphones, and the growing popularity of social media platforms have expanded the digital advertising ecosystem, creating a conducive environment for programmatic advertising. Furthermore, the need for real-time targeting, personalized advertising, and efficient ad buying processes is propelling the adoption of programmatic advertising among marketers.
Market Opportunities:
The programmatic advertising market is rife with opportunities for industry stakeholders. The rise of connected TV (CTV) and over-the-top (OTT) advertising presents a significant growth opportunity for programmatic advertising, enabling advertisers to reach audiences across various digital channels. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) in programmatic advertising offers the potential for enhanced targeting, optimization, and measurement capabilities.
Restraints and Challenges:
Despite its rapid expansion, the programmatic advertising market faces certain restraints and challenges. Concerns related to ad fraud, brand safety, and ad viewability have raised apprehensions among advertisers, prompting the industry to focus on transparency and accountability. Moreover, the implementation of data privacy regulations, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), has necessitated compliance measures and heightened the importance of data protection in programmatic advertising.
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Regional Analysis:
The global programming advertising market is examined across five major regions: Europe, Asia-Pacific, North America, the Middle East & Africa, and Latin America.
The study reports by Market Research Future (MRFR), the North American region is expected to hold the top rank across the global market for programmatic advertising over the coming years. the speedy advancement of cell phone users is the primary parameter supporting the growth of the regional market. Furthermore, the fast-growing population via online media stages is another prime parameter supporting regional market growth.
Consumers' growing inclination for online shopping across the region to generate opportunities for advertisers to market their services and products online is also likely to catalyze the growth of the regional market over the coming years. the region has the US as the prominent growth contributor as it has several associations and organizations like the Cloud Native Computing Foundation and the National Cloud Technologists Association are promoting the use of cloud computing for the installation of several high-tech solutions, such as CRM, marketing automation, and content management on cloud platforms.
The programmatic advertising market for the Asia-Pacific region is predicted to register the maximum CAGR over the coming years. A high population density characterizes the region as the main factor supporting the growth of the regional market for programmatic advertising.
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Industry Updates:
The programmatic advertising market continues to witness notable developments and trends. The emergence of contextual targeting and privacy-focused advertising solutions reflects the industry's response to evolving regulatory landscapes and consumer preferences. Additionally, the convergence of programmatic and e-commerce advertising is reshaping the retail sector, offering brands new avenues to engage with online shoppers.
Check Out More Related Insights:
Programmatic Advertising Market Size - https://www.marketresearchfuture.com/reports/programmatic-advertising-market/market-size
Programmatic Advertising Market Trends - https://www.marketresearchfuture.com/reports/programmatic-advertising-market/market-trends
Programmatic Advertising Market Analysis - https://www.marketresearchfuture.com/reports/programmatic-advertising-market/market-analysis
Programmatic Advertising Market Share - https://www.marketresearchfuture.com/reports/programmatic-advertising-market/market-share
US Programmatic Advertising Market - https://www.marketresearchfuture.com/reports/us-programmatic-advertising-market-15623
Programmatic Advertising Companies - https://www.marketresearchfuture.com/reports/programmatic-advertising-market/companies
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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