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A programmatic advertising platform is an online marketplace for buying and selling ad inventory programmatically. Programmatic advertising is an automated technology that allows advertisers and publishers to trade in adspace with minimal effort. But what does that actually mean?
Every time an app user sees an ad, a complex process takes place behind the scenes, and it looks something like this: Once a publisher with an app joins an ad network, the network will have access to the app’s users’ data, available adspace, and so on. This realestate needs an advertisement to be monetized.
To understand this better, consider a popular news website looking to monetize its space through displayadvertising. Instead of manually negotiating with multiple advertisers, the website can use an SSP. The platform opens the site’s adspace up to for bidding from relevant demand partners.
According to Reuters Institute’s Journalism, Media, and Technology Trends and Predictions 2022 , displayadvertising was considered an important source of income by 81% of publishers in 2020 but this dropped to 73% in 2022. When a publisher puts adspace up for sale, advertisers make offers to buy this space.
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