Press release
AdTech Market Size, Share, Key Players, Growth Factors and Forecast 2024-2032
Summary:o The global adTech market size reached USD 519.0 Billion in 2023.
o The market is expected to reach USD 1,132.5 Billion by 2032, exhibiting a growth rate (CAGR) of 8.94% during 2024-2032.
o North America leads the market, accounting for the largest adTech market share.
o Demand-side platforms (DSPs) accounts for the majority of the market share in the solution segment due to the growing focus on data-driven advertising.
o Search advertising holds the largest share in the adTech industry, owing to its measurable results and cost-effective nature.
o Mobile remains a dominant segment in the market.
o Large enterprises represent the leading enterprise size segment, as their larger budgets allow them to leverage advanced technologies.
o Retail and consumer goods represent the largest share in the market as they use adtech solutions to target and engage customers effectively across various online channels.
o The increasing focus of businesses in digital advertising is a primary driver of the adTech market.
o Technological advancements and the integration of integration of artificial intelligence (AI) and machine learning (ML) technologies are reshaping the adTech market.
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Industry Trends and Drivers:
• Burgeoning Growth of Digital Advertising:
The surge in digital advertising, as consumers shift toward online platforms, is one of the major factors bolstering the market growth. Moreover, the growing focus of businesses on reallocating their advertising budgets to digital channels, such as social media, search engines, and video streaming services, is catalyzing the market growth. Besides this, the growing investment in digital ads, boosting the demand for more sophisticated adtech tools, thus enabling marketers to target better, measure, and optimize their campaigns, is boosting the market growth. Furthermore, the heightened adoption of real-time bidding (RTB) and programmatic advertising as companies seek to maximize their return on investment (ROI) is fueling the market growth.
• Heightened Focus on Privacy Regulations and Consumer Preferences:
The imposition of various privacy regulations surrounding data collection and usage, prompting adtech companies to innovate and adapt to a privacy-first order, is stimulating the market growth. In line with this, the burgeoning demand for privacy-compliant solutions, leading to advancements in cookieless tracking, contextual targeting, and first-party data management, is contributing to the market growth. These technologies enable advertisers to reach their audience without violating privacy standards. Moreover, the rising consumer expectations around data privacy, as users demand transparency and control over their data, is anticipated to drive the market growth. Adtech providers offer privacy-centric solutions while maintaining the effectiveness of targeted advertising.
• Integration of Artificial Intelligence (AI) and Machine Learning (ML):
The burgeoning integration of artificial intelligence (AI) and machine learning (ML) technologies that drive efficiency and enhance decision-making capabilities is bolstering the market growth. These technologies enable real-time ad optimization, dynamic content delivery, and better audience segmentation. Moreover, AI and ML algorithms can analyze vast amounts of data, helping advertisers predict trends, optimize bidding strategies, and improve targeting accuracy. Besides this, the introduction of AI-driven tools, like chatbots and virtual assistants, to enhance the customer experience by offering personalized recommendations and support is contributing to the market growth. Additionally, machine learning models are being used for fraud detection, ensuring the integrity of digital advertising campaigns by identifying suspicious activities or invalid traffic.
AdTech Market Report Segmentation:
Breakup By Solution:
• Demand-Side Platforms (DSPs)
• Supply-Side Platforms (SSPs)
• Ad Networks
• Data Management Platforms (DMPs)
• Others
Demand-side platforms (DSPs) account for the majority of shares as they allow advertisers to buy ad space more efficiently across multiple channels, offering real-time bidding and targeted campaigns.
Breakup By Advertising Type:
• Programmatic Advertising
• Search Advertising
• Display Advertising
• Mobile Advertising
• Email Marketing
• Native Advertising
• Others
Search advertising dominates the market as it targets users who are actively looking for specific products or services, leading to higher conversion rates.
Breakup By Platform:
• Mobile
• Web
• Others
Mobile represents the majority of shares due to the increasing use of smartphones for browsing, shopping, and social interactions.
Breakup By Enterprise Size:
• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises
Large enterprises hold the majority of shares as they invest in adtech to manage extensive and complex campaigns across multiple regions and platforms, seeking maximum ROI.
Breakup By Industry Vertical:
• Media and Entertainment
• BFSI
• Education
• Retail and Consumer Goods
• IT and Telecom
• Healthcare
• Others
Retail and consumer goods exhibit a clear dominance as they prioritize adtech to boost their digital presence, especially with the surge in e-commerce and personalized shopping experiences.
Breakup By Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
North America holds the leading position owing to a large market for adTech driven by its advanced digital infrastructure, early adoption of adtech innovations, high digital ad spending, and a strong presence of leading adtech companies.
Ask Analyst & Browse full report with TOC List of Figures: https://www.imarcgroup.com/request?type=report&id=7074&flag=C
Top AdTech Market Leaders:
The adTech market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
• Adobe Inc.
• Amazon.com Inc.
• Criteo
• Google LLC (Alphabet Inc.)
• Meta Platforms Inc.
• Microsoft Corporation
• Oracle Corporation
• The Trade Desk Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact.
The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement
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IMARC Group
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