Investment Themes

Adtech, digital advertising takes the lead

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Investment Themes

The term "adtech" (for advertising technologies) refers to companies in digital advertising. First used to designate publishers and adserving solutions around 2000, the term now covers a large number of players belonging to the digital advertising technological ecosystem. Above all, adtech refers to all the technologies used to automate or program the purchase and sale of online advertising space, and the data used to monitor the results with great precision.

The adtech environment is increasingly complex and changing. It is spreading to the traditional media, which are gradually becoming more digital. By analogy with the term adtech, we also speak of "martech" for marketing technologies, which are closely linked to the advertising world. Online advertising thanks to adtechs is destined to dominate the other advertising levers for two simple reasons. The first is that the consumption of online content and the use of the internet in our daily lives is becoming an increasingly important part of our lives. Websites, streaming and mobile applications are taking market share from newspapers, magazines, television and movies. The second is that traditional advertising offers very little visibility into the relevance of the campaigns it produces. As John Wanamaker said, more than half of the money spent on advertising is wasted, but no one knows which half it is. Adtech solves this problem by precisely targeting consumers, personalizing the content displayed based on prior user behavior, and providing impactful feedback on key performance indicators. If you are convinced of the relevance of this change in the advertising world, you should know that there are multiple players. Faced with the advertising duopoly embodied by Google and Meta, the rest of the market is fairly fragmented among several specialized players. Demand-side platforms (DSPs) and supply-side platforms (SSPs) are platforms that allow publishers to automate and optimize the sale of their advertising space and advertisers to optimize and manage their automated bidding strategy. The "analytics" and "tracking" solutions enable the measurement and control of advertising delivery by trusted third parties. Trading desks are platforms that allow such commercial exchanges, while integrating collaboration possibilities with other players. Among them, we find "data management platforms" (DMP) whose sole purpose is to enrich the data owned by advertisers in order to improve targeting. This thematic list identifies high-potential players in the adtech sector: adexchanges, trading desks, supply-side platforms (SSPs), demand-side platforms (DSPs), data management platforms (DMPs), retargeters and ad verifiers.

Our selection

Technology
Social Media & Networking
236.01Cr -5.68%
Technology
Other Internet Services
60TCr -7.60%
Technology
Enterprise Software
780.81Cr -22.66%
Technology
Search Engines
3,70400Cr -2.12%
Technology
Social Media & Networking
1,63800Cr -1.92%
Technology
Other Internet Services
68Cr -16.77%
Technology
Enterprise Software
187.35Cr +1.06%
Technology
Other Software
91Cr -28.63%
Technology
Other Internet Services
56Cr -22.93%
Consumer Cyclical
Entertainment Production Equipment & Services
1.48TCr -7.67%
Technology
Enterprise Software
1.51TCr -28.52%
Technology
Other Software
465.79Cr -6.24%
Consumer Cyclical
Other Advertising & Marketing
195.32Cr -16.64%
Technology
Other Software
174.95Cr -5.59%
Technology
Application Software
17TCr -23.24%
Consumer Cyclical
Internet & Mail Order Department Stores
2,29200Cr -7.51%
Technology
Application Software
12TCr -19.30%
Technology
Mobile Application Software
866.43Cr -36.43%
Technology
Other Software
2.16TCr -49.40%
Consumer Cyclical
Other Advertising & Marketing
424.98Cr +3.96%
Technology
Cloud Computing Services
18TCr -24.96%
Technology
Enterprise Software
145.05Cr -24.42%
Consumer Cyclical
Other Advertising & Marketing
94Cr -8.49%
Technology
Other Software
1.36TCr -24.76%
Consumer Cyclical
Other Advertising & Marketing
2.61TCr +4.01%
Consumer Cyclical
Other Advertising & Marketing
245.75Cr -6.52%
Consumer Cyclical
Magazine Publishing
55Cr -14.76%
Technology
Other Software
93Cr -0.54%
Technology
Other IT Services & Consulting
198.44Cr -36.09%
Technology
Enterprise Software
17Cr -15.95%
Technology
Search Engines
1.73TCr -2.40%
Technology
Other Software
42Cr -0.79%
Consumer Cyclical
Other Advertising & Marketing
3.54Cr -10.58%
Real Estate
Other Specialized REITs
1.38TCr +7.46%
Technology
Other Integrated Telecommunications Services
21TCr +23.86%
Consumer Cyclical
Internet & Mail Order Discount Stores
49Cr -31.46%
Technology
Other Internet Services
7.57Cr +12.05%
Technology
Search Engines
4.21TCr -6.26%
Consumer Cyclical
Outdoor Advertising
118.14Cr +7.24%
Technology
Other Internet Services
1.26TCr -24.10%
Technology
Other Software
48Cr -20.20%
Consumer Cyclical
Other Advertising & Marketing
18Cr +5.39%
Consumer Cyclical
Other Advertising & Marketing
14Cr -47.93%
Industrials
Data Processing Services
2.4TCr +13.42%
Technology
Application Software
34Cr -8.98%
Technology
Other Software
4.06Cr -35.80%
Consumer Cyclical
Other Advertising & Marketing
173.56Cr -.--%
Consumer Cyclical
Digital Media Agencies
0 -
Technology
Other Internet Services
41Cr -53.57%
Consumer Cyclical
Other Advertising & Marketing
5.96Cr -31.88%

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Ratings ESG MSCI

  1. Stock Market
  2. Investment Themes
  3. Adtech, digital advertising takes the lead
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