Key Highlights of the Report:
- Market Expansion: The RTB market is rapidly evolving with fast growth in digital ad expenditure with more industries seeking effective programmatic solutions.
- Technological Advancements: There are continued advancements in artificial intelligence and increasingly popular machine learning that are promoting improvements in targeting A/B testing so that advertisers can improve the outcomes of their campaigns.
- Mobile and Video Integration: Mobile and video consumption is promoting RTB adoption, while advertisers are using mobile and video to target consumers across multiple devices in real time.
- Data Privacy Compliance: Emerging concerns for data sanctity have forced RTB platforms to introduce enhanced compliance standards changing data usage tactics for the advertisers.
- Cross-Channel Strategies: These RTB capabilities are gradually being integrated across different advertising platforms where brands can provide coherent and targeted communications to consumers.
According to a new report by UnivDatos, the Real-Time Bidding market is expected to reach USD Billion in 2032 by growing at a CAGR of 19%. This is mainly due to the increasing mobile and video consumption that would give advertisers a way to engage with target consumers in devices and formats. The rise in mobile advertising expenditure and the need for effective programmatic technologies, such as RTB, exist, resulting in the growing usage. The rising focus on data privacy and protection laws including the GDPR and the CCPA, RTB platform providers have had to up their game on compliance and adaptation measures affective consumer targeting by advertisers. Furthermore, the integration of various platforms requires advertisers to overrule and regulate RTB at different digital touchpoints.
For instance, on September 07, 2023: Google Ads announced that they intend to move primarily towards real-time bidding auctions for apps. Real-time bidding typically improves advertiser ROI, creating incentives for more advertising expenditure and, in turn, more monetization opportunities for publishers, benefiting the overall health of the ecosystem.
Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/real-time-bidding-market?popup=report-enquiry
According to the report, the impact of Real-Time Bidding has been identified to be high for the APAC area. Some of how this impact has been felt include:
Asia-Pacific is expected to grow with a significant CAGR during the forecast period (2024-2032). APAC region has a high impact due to the growing digital advertising market within the region and ever-growing internet usage. As the number of middle-class consumers rises and ownership of mobile devices continues to grow in countries such as China, India, and the countries in Southeast Asia, there is an ever-growing adoption of RTB for advertising to desirable audiences. The growing number of electronics sales platforms results in a vast amount of ad space available and contributes to the implementation of programmatic advertising systems. Furthermore, local players on this front are refining the quality of RTB campaigns through Big Data, as well as the implementation of more sophisticated data and machine learning. For instance, on 12 June 2023, JCDecaux Singapore (JCDecaux), the number one out-of-home (OOH) media company, announced the launch of its Real-Time Bidding capability via VIOOH, the leading premium global supply side platform, to accelerate the strong growth of programmatic OOH (pDOOH). This cutting-edge technology changes the way advertisers engage with consumers, making digital OOH advertising more targeted, efficient, and impactful than ever before.
Contact Us:
UnivDatos
Contact Number – +1 978 733 0253
Email – contact@univdatos.com
Website – https://univdatos.com/
Linkedin- https://www.linkedin.com/company/univ-datos-market-insight/mycompany/
