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Growth in programmatic spend share is going to CTV devices, at the cost of desktop and mobileads. Video ad pricing sharply rose as the elections came to a close. Some of the top inventory suppliers in programmatic channels primarily serve ads on CTVs. Select local news brands also captured significant ad spend.
According to Statista, global programmatic advertising spending is expected to reach USD 724 billion by 2026. DSPs are connected to adexchanges and supply-side platforms (SSPs) and enriched with data from data platforms like data management platforms (DMPs) and customer data platforms (CDPs). billion by 2029.
When a user who matches the defined criteria visits a web page, an automated auction takes place on an adexchange. Advertisers bid on the available ad space, and the algorithm determines the winning bid based on relevancy, budget and targeting parameters.
Audio ads on streaming and podcasts, along with increased smartphone use for better mobileads, are also boosting this growth. These platforms facilitate the buying and selling of ad inventory across various digital spaces, enhancing the efficiency of ad placements and maximizing exposure.
These are the basic features of programmatic advertising: Real-Time Bidding (RTB): This is one of the most common types of programmatic advertising, where advertising inventory is bought and sold on a per-impression basis in real-time on the adexchange. Why is this important for business owners and entrepreneurs to understand?
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