Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027
London, UK -- (SBWIRE) -- 09/07/2017 -- Data collaboration and programmatic mobile ripe arenas for innovation
The adoption of programmatic media buying has grown in the last few years and the current explosion in data volume is expected to spur it further, benefiting the programmatic display market. In the future, companies aim for data collaboration with an audience beyond the intended data that even includes cross-device behavioural insights. This should create immense opportunities for key stakeholders in the programmatic display market over the course of the forecast period. This is particularly true in the case of mobile devices as the smartphone industry has left all others trailing in its wake. The mobile phone has become extremely vital not only because of consumers, but also the programmatic display market.
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Smartphone boom to boost the programmatic display market
It is no secret that we live in a mobile first world today and smartphone sales have skyrocketed across the globe. The developed world is near saturation and almost every person in the west has their own smartphone, which they spend several hours a day poring over. Hence, mobile phones are anticipated to present the single biggest opportunity in the programmatic display market. Along with the smartphone market, mobile advertising will grow in scale, culminating in a demand for ever-more sophisticated technology. The emergence of new tools and methods to measure and monitor relevant data on mobiles has led to limitless potential in the programmatic display market. For e.g. – Social networking giant Facebook is playing a substantial role in the rise of mobile programmatic.
Smartphone affordability a key advantage in the programmatic display market
Smartphones are the biggest form of Internet access in much of the developing world. Mobile viewing has registered a massive spike and companies are adjusting to this new reality. The main advantage that smartphones possess over their television and desktop counterparts is their affordability. In addition to this, they are inherently more customisable, which directly converts into a higher impact for mobile video advertising campaigns in the programmatic display market. Social media also plays a major role as social media marketers are running attractive campaigns with the help of automated buying that reach a focussed audience with perfectly relevant messages. Programmatic isn't just limited to promoted posts and ad buying on different social media networks. Programmatic advertising allows brands to place sponsored content directly through publishers.
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Mobile Video to remain the most attractive segment during the forecast period
The Mobile Video ad format segment in the global programmatic display market is slated to grow at an impressive CAGR of 46.1% during the period of forecast, to reach a market valuation in excess of US$ 130 Bn by the end of 2027. However, the Online Video segment is anticipated to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 39.9% during the forecast period.