The report begins with an elaborate executive summary that lists important market numbers related to the global programmatic advertising platform market such as the market values for the year 2017 and 2025 and the most attractive segment and region in this market
New York, NY -- (SBWIRE) -- 11/14/2017 -- The global programmatic advertising market is estimated to be valued at nearly US$ 3,000 Mn by 2017 end and is projected to reach close to US$ 29,800 Mn by 2025 end. Sales revenue is expected to increase at a CAGR of 33.3% during the forecast period (2017–2025).
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Increasing growth of the mobile market contributing to the expansion of the programmatic advertising platform market in North America
People carry their phones with them pretty much constantly throughout the day and keep them beside their beds all over the night. Mobile phones are estimated to create significant opportunity to increase programmatic spending. As the mobile market grows, mobile advertising will be used on a wider scale and there is a greater demand for more sophisticated technology. Mobile is getting closer to replacing desktops as 'the first screen' programmatic technology confidently making its way to mobile phones. The emergence of new ways and tools to monitor and measure relevant data on mobile devices is affecting bright prospects for programmatic mobile video. For example, Facebook is currently playing a significant role in the rise of mobile programmatic.
Growing digitalization in North America aiding the growth of the programmatic advertising platform market in North America
Almost every industry sector in the North America region is striving on digitalization by adopting digital technologies and devices for innovation in business processes and revenue producing opportunities. This adoption of digital devices by clients and their customers to share data with one another creates a platform for programmatic advertising and results in overall growth of this market.
Programmatic skills shortage in advertising agencies hurting market growth
Only one in 10 marketing professionals across North America understands programmatic advertising entirely. There is a constant increase in demand for skilled talent to meet this sector's rapid growth. According to market estimates, there will be skills shortage for a long time to come as brands and agencies struggle with changing needs and internal programmatic advertising technology shifts. For example, programmatic TV, given this exciting technology innovation will, in turn, need more specialized staff and training in the near future. The demand for programmatic advertising skills is increasing, but technology is also evolving faster, hence the major challenge in North America is to identify existing talent that is proficient in providing programmatic advertising solutions in a skillful manner. The talent in the regional advertising industry will only be enhanced with better education about the inner workings of programmatic advertising.
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Popularity of social media contributing to the growing programmatic advertising platform market
The rising popularity of social media services is playing a significant role in programmatic advertising. Almost all the major social platforms are now offering programmatic advertising options. Programmatic brings various benefits through social media channels as the marketers run more effective campaigns through automated buying and by reaching a precise audience with highly relevant messages through social media. For example, Red Bull is targeting videos through the Twitter feeds of people who have viewed extreme sports sites. The platform enables marketers to bid on influencer ads programmatically in real time and buy influencers' branded content on their social media pages, blog pages, and websites.