AdTech Market worth $1,496.2 billion by 2030, growing at a CAGR of 14.5%: Report by MarketsandMarkets™
Chicago, Nov. 21, 2023 (GLOBE NEWSWIRE) — The global AdTech Market size is anticipated to grow at a CAGR of 14.5% during the forecast period, from USD 579.4 billion in 2023 to USD 1,496.2 billion by 2030, according to a new report by MarketsandMarkets™. Due to various business drivers, the security automation market is expected to grow significantly during the forecast period. The market is experiencing significant growth due to the proliferation of smartphones for greater mobile optimization and in-app advertising. The increasing demand for data-informed marketing strategies and the growing popularity of audio streaming and podcasts for audio advertising are also responsible for driving the market’s growth.
Browse in-depth TOC on “AdTech Market“
276 – Tables
60 – Figures
301 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135513139
AdTech Market Dynamics:
- Increasing demand for data-informed marketing strategies
- Growing popularity of audio streaming and podcasts for advertising
- Proliferation of smartphones for greater mobile optimization and in-app advertising
- Stringent privacy regulations and security concerns
- Inaccurate data quality and accuracy
- Rapid adoption of AI and ML technologies for hyper-personalized user experience
- Focus on voice-activated ads and conversational advertising
- Widespread adoption of AR and VR technologies for more interactive and immersive ad experiences
List of Key Players in AdTech Market:
- Meta (US)
- Google (US)
- Amazon (US)
- Adobe (US)
- Yahoo (US)
- Zeta (US)
- Microsoft (US)
- Celtra (US)
- Basis Technologies (US)
- Luna (US)
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=135513139
AdTech serves as a comprehensive descriptor for the tools and software employed by advertisers to connect with their audiences, as well as to execute and gauge the effectiveness of digital advertising campaigns. It evolved in response to the increasing complexity of buying and selling digital ads, aiming to simplify and enhance the entire process.
Based on the offering, the AdTech market is segmented into solutions and services. The solutions segment is expected to garner a higher revenue during the forecast period. With machine learning and AI advancements, programmatic advertising platforms have become increasingly sophisticated, allowing for real-time bidding and personalized ad targeting. Another important development in the AdTech market is the rise of privacy-focused solutions in response to growing concerns about data privacy and user consent. The services segment is projected to grow more during the forecast period.
Based on solution by deployment mode, the segment has been bifurcated into cloud and on-premises. The on-premises segment is expected to garner a higher revenue during the forecast period. This mode offers a heightened level of control over data and security policies. Organizations with strict compliance requirements or handling extremely sensitive information may opt for on-premises deployment to maintain full oversight. On-premises solutions provide the advantage of direct control over configurations and data handling practices.
Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=135513139
Based on verticals, the segment has been bifurcated into BFSI, Media and entertainment, Healthcare and life Sciences, Retail & eCommerce, Education, Transportation and logistics, Food and beverages, Travel and hospitality, Telecom, Manufacturing, and other verticals (Government & Public Sector, Energy & Utilities, , IT & ITES, and Real Estate). Media and Entertainment is estimated to account for the largest market share during the forecast period. This sector, which includes broadcasting, streaming services, and content production, increasingly relies on digital advertising for revenue generation. Furthermore, the emergence of Over-The-Top (OTT) platforms has disrupted the traditional television advertising model. OTT services, which offer content via the Internet, have become a preferred choice for consumers, resulting in a surge in ad spending on these platforms.
The AdTech market has been segmented into five regions: North America, Europe, the Middle East & Africa, the Asia Pacific, and Latin America. North America is estimated to account for the largest market share during the forecast period, while the Asia Pacific region is expected to grow at the highest rate. The high digital penetration and extensive internet usage in the US and Canada have fostered a thriving AdTech ecosystem. Advertisers leverage advanced data analytics and targeting tools to reach their audiences effectively. Additionally, the presence of major tech giants, such as Google, Meta, and Amazon, further fuels AdTech innovation and investment. These companies provide advertisers with access to vast user data, enabling precise targeting and personalized ad campaigns.
Browse Adjacent Market: Analytics Market Research Reports Reports & Consulting
Natural Language Processing Market
Location Analytics Market
Logistics Automation Market
Speech Analytics Market
Automation COE Market
CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: firstname.lastname@example.org
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.