Top 10 Programmatic Trends in 2023 and the Future Outlook.
Programmatic advertising has transformed the way advertisers reach their target audiences, with automated buying and selling of ad inventory in real-time. Looking into the future, programmatic advertising is set to evolve even further with new technologies and trends.
Here are the top 10 trends to watch out for in 2023:
1. Increased Focus on Transparency: Transparency is a growing concern in programmatic advertising. In response, advertisers are demanding greater transparency from vendors and publishers in terms of ad placement, data usage, and measurement. Transparency initiatives include the implementation of ads.txt, seller.json, and other industry standards.
2. Greater Use of Artificial Intelligence: Artificial intelligence (AI) is playing an increasingly important role in programmatic advertising. Machine learning algorithms analyze data to identify patterns and optimize campaigns, improving targeting and ad delivery. This results in more efficient campaigns with better results.
3. Growing Importance of First-Party Data: First-party data is data collected directly from customers, such as email addresses, purchase history, and website behavior. With data privacy regulations such as GDPR and CCPA, first-party data is becoming increasingly important in programmatic advertising. Advertisers can use this data to improve targeting, reduce reliance on third-party data, and ensure compliance with data privacy regulations.
4. Expansion into New Channels: Programmatic advertising is expanding into new channels beyond display advertising, such as social media, video, and audio. Advertisers can use programmatic advertising to target audiences across multiple channels and platforms, creating a more cohesive and effective advertising strategy.
5. Personalization and Customization: Personalization and customization are becoming increasingly important in programmatic advertising. Advertisers can use data to deliver personalized messages and creative to specific audiences, improving engagement and conversion rates.
6. Increased Use of Connected TV: Connected TV (CTV) is becoming an increasingly popular channel for programmatic advertising. Advertisers can use programmatic advertising to target audiences on streaming platforms (Samsung, Amazon Fire Stick etc.) using data to improve targeting and ad delivery.
7. Focus on Brand Safety: Brand safety is a growing concern in programmatic advertising. Advertisers are taking steps to ensure their ads are placed in brand-safe environments, using whitelists, blacklists, and third-party verification tools to monitor ad placements.
8. Greater Integration with Traditional Advertising: Programmatic advertising is becoming more integrated with traditional advertising channels such as TV, print, and out-of-home. This integration allows for a more cohesive and effective advertising strategy across multiple channels.
9. Increased Emphasis on Creativity: As programmatic advertising becomes more sophisticated, there is an increasing emphasis on creativity. Advertisers are using programmatic technology to deliver more engaging and creative ad experiences, improving engagement and conversion rates.
10. Greater Collaboration: Finally, collaboration is becoming increasingly important in programmatic advertising. Advertisers, publishers, and vendors are working together to create better experiences for consumers and improve the effectiveness of programmatic advertising.
Outlook for the Future:
According to a report by Grand View Research, the global programmatic advertising market size is expected to reach USD 150.6 billion by 2025, growing at a compound annual growth rate (CAGR) of 22.4% from 2019 to 2025. The emergence of new technologies, such as 5G and edge computing, is set to revolutionize programmatic advertising by enabling faster and more efficient ad delivery. Additionally, the use of blockchain technology is set to increase transparency in programmatic advertising by providing a secure and decentralized platform for ad buying and selling.
As it continues to evolve, we can also expect to see a greater focus on data-driven insights and audience segmentation. Advertisers will increasingly use data to create highly personalized and targeted ads that resonate with specific audiences. This will require a greater investment in data analytics and the use of advanced machine learning algorithms to derive insights from data.
Another key trend that we can expect to see in the future is the increasing importance of cross-device targeting. As consumers move between different devices and platforms, advertisers will need to develop strategies for delivering targeted ads across various touchpoints.
To conclude, the future of programmatic advertising holds bright, with new technologies and trends set to transform the way advertisers reach their target audiences. Advertisers who stay ahead of the curve and embrace these new trends will be better positioned to succeed in the digital landscape.
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Global Adtech Lead | HBR Advisory Council
1yInteresting to see that you’ve transitioned into this space of madness Ashish Arya .. hope you’re having a roller coaster ride hehe. Although I wouldn’t call these trends for 2023 (maybe 2018-19), as these would’ve been things being talked about since the last 5-6 years & all of these areas have progressed immensely since then but whats good to see is that the programmatic space in India is growing consistently. With the sheer size of the market, it was expected to grow in leaps & bounds but the uptick still has been quite slow- it is really surprising that brands and marketers in India have still been only scratching the surface but the pace it has picked in the last 2-3 years , I’m quite confident that India is soon slated to be a major programmatic market 👊🏻