PUBLISHER: Allied Market Research | PRODUCT CODE: 1446906
PUBLISHER: Allied Market Research | PRODUCT CODE: 1446906
The global programmatic display market was valued at $46,687 million in 2022 and is estimated to reach $825,136.26 million by 2032, exhibiting a CAGR of 33.6% from 2023 to 2032. Programmatic display is a type of internet advertisement that advertisers can buy and position using sophisticated algorithms rather than traditional manual approaches of having to track and buy appropriate ad spaces. Advertisers can use programmatic ad purchasing software to acquire ad space, find suitable places for advertisements, and target their ads. This is in contrast to the conventional procedures of negotiating with human representatives and requesting particular ad placements. Rise in trend of remote working culture during the period of the COVID-19 pandemic aided in propelling the growth of social media and online platforms, thereby fostering the demand for programmatic display solutions. Moreover, surge in demand for easily accessible and shorter forms of entertainment and media positively impacts the growth of the programmatic display market. However, data privacy and sharing challenges on programmatic display platforms hamper the programmatic display market forecast period. On the contrary, the integration of advanced tools such as machine learning and data analytics with programmatic display solutions suites are expected to offer remunerative opportunities for expansion of the programmatic display market during the forecast period.
Furthermore, surge in adoption of smartphones, improved communication networks, and growth in advertising spending on digital media across various industries and proliferation of social media primarily drive the growth of the programmatic display market. However, rise in adoption of ad-blockers to avoid online advertising and stringent government regulations and laws hamper the market growth. On the contrary, the emergence of advertising automation is expected to provide lucrative opportunities for the market growth during the forecast period.
The global programmatic display market is segmented on the basis of type, channel, and region. On the basis of type, the market is divided into online video, online display, mobile video and mobile display. On the basis of channel, it is fragmented into real-time bidding (RTB), private marketplaces (PMP), and automated guaranteed (AG). Region wise, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
The key players operating in the market include AppNexus Inc., Verizon Communications Inc., DataXu Inc., Google Inc., Adobe Systems Incorporated, Adform, Rubicon Project Inc., Rocket Fuel Inc., MediaMath, and CONNEXITY. The report highlights the strategies of the key players to improve the market share and sustain competition.
On the basis of type, the online video segment dominated the programmatic display market in 2022 and is expected to maintain its dominance in the upcoming years owing to increase in video streaming on the internet, which, in turn, is fostering the demand for online video advertising to reach large number of consumers. However, the mobile video segment is expected to witness the highest growth, as videos help entrepreneurs to create quality and unique content that boosts their outreach, sales, and brand recognition.
Region wise, the programmatic display market size was dominated by North America in 2022 and is expected to retain its position during the forecast period, owing to the strong presence of programmatic display advertising solutions vendors such as Google Inc., Adobe, and AppNexus Inc. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rapid economic and technological developments in the region, which is expected to fuel the market growth in this region. Furthermore, several major programmatic display providers including AppNexus Inc., Verizon Communications Inc., DataXu Inc., Google Inc., Adobe Systems Incorporated, and Adform are introducing new products & services.
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