New York, May 06, 2024 (GLOBE NEWSWIRE) -- Overview:
According to Dimension Market Research,The Global AdTech Market size reached USD 1,066.8 billion in 2023 and is further anticipated to reach USD 3,528.4 billion by 2032 according to Dimension Market Research. The market is anticipated to register a CAGR of 14.2% from 2024 to 2032.
AdTech includes a range of software assisting brands & agencies in planning, managing, and assessing digital advertising endeavors, which includes tools for digital banner ads, accurate audience targeting, & diverse advertising delivery methods. As ad-tech software comprises platforms like DSPs, SSPs, Ad Exchanges, Ad Networks, Ad Servers, and SEM Platforms.
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By Solution, demand-side platforms (DSPs) dominated the market share in 2023 and are expected to continue to grow in the coming years. Recognized for streamlining advertising inventory purchases, DSPs improve efficiency & effectiveness, making them a better choice for advertisers, with targeting capabilities that appeal to advertisers focusing on specific audiences, solidifying their market dominance by offering streamlined ad buying processes & accurate audience targeting options.
The retail and consumer goods sector holds the largest market share in 2023 and is expected to continue growth, as businesses in this sector heavily depend on AdTech for marketing, brand expansion, & sales enhancement. Using AdTech tools, retail enterprises constantly engage with customers, supporting platforms like social media for product promotion & direct interaction, enhancing their market dominance.
Important Insights
- The global AdTech market is expected to grow by USD 2,461.6 billion by 2032 from 2024 with a CAGR of 14.2% during the same forecasted period i.e. 2024 to 2032.
- Demand-side platforms (DSPs) as solutions lead the market in 2023, streamlining ad inventory purchases and enhancing efficiency, making them the preferred choice for advertisers.
- The Retail and consumer goods category holds the largest market share in 2023, which is expected to grow further as businesses utilize AdTech for marketing, brand visibility, and sales expansion.
- SMEs, including local businesses, small online retailers, and startups, dominated AdTech revenue In 2023, prioritizing budget-friendly advertising solutions through self-service platforms and digital channels.
- North America, is led by the US, and commands a 37.0% share in the global AdTech market in 2023, which stems from broad digital advertising adoption, leveraging data for optimized investments, and the prevalence of tech giants.
Global AdTech Market: Trends
- Privacy-Centric Advertising: Increasing focus on user privacy and data protection drives the adoption of privacy-centric ad targeting methods and obeying regulations like GDPR and CCPA.
- Contextual Targeting Resurgence: With the reduction of third-party cookies, contextual targeting based on content significantly gains traction as a viable alternative for ad personalization.
- First-Party Data Utilization: Advertisers prioritize using their first-party data for targeted advertising, focusing on direct relationships with consumers and reducing reliance on third-party data.
- Video Advertising Dominance: The constant rise of video consumption across digital platforms drives the dominance of video advertising, prompting adtech firms to innovate in formats and measurement techniques for optimal engagement.
AdTech Market: Competitive Landscape
The AdTech market experiences intense competition, where many companies compete for a substantial market share, as key players aim to provide advanced ad platforms to facilitate the buying, selling, and delivery of digital ads. Further, the competitive landscape constantly changes due to technological developments, changes in consumer behavior, & regulatory updates. Staying acute and adapting to these dynamic factors is critical for companies operating in this highly competitive sector.
Some of the major players in the market include Amazon, Google, Microsoft, Meta, Criteo, and more.
Some of the prominent market players:
- Amazon
- Microsoft
- Adobe
- Alibaba Group
- Meta Platform
- SpotX
- Verizon
- X Corp
- Criteo
- Other Key Players
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AdTech Market Scope
| Report Highlights | Details |
| Market Size (2023) | USD 1,066.8 Bn |
| Forecast Value (2032) | USD 3,528.4 Bn |
| CAGR (2024-2032) | 14.2% |
| Leading Region in terms of Revenue Share | North America |
| Percentage of Revenue Share by Leading Region | 37.0% |
| Historical Data | 2017 – 2022 |
| Forecast Data | 2025 - 2032 |
| Base Year | 2023 |
| Estimate Year | 2024 |
| Segments Covered | By Solution, By Advertising Type, By Enterprise Size, By Platform, By End User |
| Regional Coverage | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
Segment Analysis:
The AdTech market based on enterprise size is categorized into small and medium enterprises, and large enterprises, with small and medium enterprises (SMEs) claiming a substantial share of revenue in 2023, which majorly includes local businesses, small-scale online retailers, and startups, which often operate within constrained financial frameworks. Their main objective depends on affordable yet accurate advertising solutions to support their market presence. SMEs typically include a preference for self-service platforms, using channels like search engines, social media platforms, and online marketplaces to effectively connect with their target audiences and achieve their marketing objectives.
AdTech Market Segmentation
By Solution
- DSPs
- SSPs
- Ad Network
- DMPs
- Others
By Advertising Type
- Programmatic Advertising
- Search Advertising
- Display Advertising
- Mobile Advertising
- Email Marketing
- Native Advertising
- Others
By Enterprise Size
- SMEs
- Large Enterprise
By Platform
- Mobile
- Web
- Others
By End User
- Retail & Consumer Goods
- BFSI
- Media & Entertainment
- IT & Telecom
- Healthcare
- Others
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Regional Analysis
North America, led by the US, dominates the global AdTech market with a substantial 37.0% revenue share in 2023, which is driven by the broad adoption of digital advertising, where businesses support data for optimal ad investments & a profound understanding of their target audiences, which notably expanded the use of Data Management Platforms (DMPs) & marketing analytics tools. Also, the US, being the world's largest digital advertising hub, benefits from shifting consumer preferences towards online & mobile platforms, further enhanced by the presence of influential tech giants like Google, Facebook, and Amazon.
By Region
North America
- The U.S.
- Canada
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
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Global AdTech Market: Driver
- Digital Transformation: Growth in digitalization across industries boosts the demand for targeted advertising solutions, driving market growth.
- Data Analytics Advancements: Better data analytics capabilities allow more precise targeting and personalized ad campaigns, attracting advertisers to Adtech solutions.
- Rise of Programmatic Advertising: Automation and AI-driven programmatic advertising platforms optimize ad placements, efficiency, and ROI, promoting market growth.
- Mobile Advertising Boom: With the growth in mobile device usage, Adtech firms capitalize on mobile-specific ad formats and targeting, encouraging market growth.
Global AdTech Market: Restraints
- OTT and CTV Advertising Surge: With the growth of streaming services, Over-the-Top (OTT) and Connected TV (CTV) advertising witnessed significant growth as advertisers look to reach audiences shifting away from traditional TV.
- Influencer Marketing Evolution: Influencer marketing develops beyond social media platforms, and extends into different channels like podcasts, live streams, and even virtual reality experiences.
- Ad Fraud Prevention: Adtech platforms give importance to investment in advanced fraud detection and prevention technologies to combat the growth in the threat of ad fraud, ensuring advertisers' budgets are spent effectively.
- Interactive and Immersive Ad Formats: Advertisers embrace interactive and immersive ad formats, like augmented reality (AR) and shoppable ads, to improve user engagement and drive conversions in highly competitive digital landscapes.
Global AdTech Market: Opportunities
- AI-Powered Personalization: Using AI for hyper-targeted and personalized ad experiences better engagement and drive revenue growth.
- Cross-Channel Integration: Integrating ad campaigns smoothly across multiple channels, like social media, mobile, and web, unlocks new opportunities for reaching different audiences.
- Data Monetization: Monetizing user data ethically and transparently provides a productive revenue stream while maintaining user trust and compliance with data privacy regulations.
- Emerging Markets Expansion: Entering emerging markets with personalized ad solutions taps into growing internet penetration and smartphone adoption, fostering market expansion and revenue growth.
Recent Developments in the AdTech Market
- December 2023: TripleLift & LiveRamp integrate TripleLift Audiences with RampID, providing marketers with large & scalable first-party audience solutions, which ensures privacy-centric lookalike addressability across the open web without depending on traditional identifiers.
- November 2023: Amazon Ads introduced advanced features in campaign planning, activation, and measurement, empowering advertisers with greater audience control & providing faster, actionable insights into ad performance.
- March 2023: Adobe & Accenture announced a collaboration to optimize the content supply chain for enterprise marketers, using Adobe's integrated Content Supply Chain technologies to enhance content production and distribution, as well as improve personalized customer experiences.
- January 2023: Twitter (Now "X") partners with ad-tech firms DoubleVerify & Integral Ad Science (IAS) to allow advertisers to monitor ad placement around inappropriate content, and to use adjacency control tools to refine campaigns.
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