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

Consumer Cyclical
Other Advertising & Marketing
2.35TCr +6.77%
Technology
Search Engines
3,99400Cr +6.62%
Technology
Social Media & Networking
1,50700Cr -10.10%
Technology
Enterprise Software
470.2Cr -50.55%
Technology
Enterprise Software
229.89Cr +28.53%
Technology
Mobile Application Software
760.39Cr -40.89%
Technology
Enterprise Software
1.14TCr -40.68%
Consumer Cyclical
Internet & Mail Order Department Stores
2,48900Cr +0.02%
Consumer Cyclical
Entertainment Production Equipment & Services
2.11TCr +32.65%
Technology
Other Internet Services
73Cr +6.49%
Technology
Application Software
9.45TCr -28.80%
Technology
Application Software
14TCr -37.93%
Consumer Cyclical
Other Advertising & Marketing
456.23Cr +13.27%
Technology
Enterprise Software
142.18Cr -18.89%
Technology
Other Software
59Cr +46.90%
Technology
Other Software
2.43TCr -38.34%
Technology
Enterprise Software
23Cr -5.65%
Technology
Other Software
168.04Cr -1.66%
Technology
Other Software
840.55Cr -50.18%
Consumer Cyclical
Other Advertising & Marketing
273.4Cr +21.38%
Consumer Cyclical
Other Advertising & Marketing
33Cr +96.08%
Technology
Social Media & Networking
191.87Cr -22.21%
Consumer Cyclical
Other Advertising & Marketing
286.16Cr +12.73%
Technology
Other Internet Services
51TCr -25.34%
Technology
Cloud Computing Services
14TCr -31.49%
Technology
Search Engines
1.85TCr +8.10%
Consumer Cyclical
Other Advertising & Marketing
104.76Cr +2.62%
Technology
Other Internet Services
1.32TCr -5.91%
Technology
Other Software
516.96Cr +7.57%
Consumer Cyclical
Other Advertising & Marketing
2.31Cr -39.42%
Technology
Search Engines
3.58TCr -19.70%
Real Estate
Other Specialized REITs
1.63TCr +28.15%
Technology
Other Integrated Telecommunications Services
20TCr +18.32%
Technology
Other Internet Services
89Cr +10.93%
Technology
Other Software
135.3Cr +8.79%
Consumer Cyclical
Magazine Publishing
36Cr -39.60%
Technology
Other Software
103.65Cr +69.20%
Consumer Cyclical
Internet & Mail Order Discount Stores
104.57Cr +59.57%
Consumer Cyclical
Outdoor Advertising
122.67Cr +9.50%
Technology
Application Software
37Cr +0.31%
Technology
Other IT Services & Consulting
91Cr -67.75%
Technology
Other Software
60Cr -38.59%
Industrials
Data Processing Services
4.81TCr +102.72%
Consumer Cyclical
Other Advertising & Marketing
18Cr -31.24%
Technology
Other Software
2.17Cr -66.61%
Technology
Other Internet Services
7.99Cr +15.07%
Consumer Cyclical
Other Advertising & Marketing
173.56Cr -.--%
Technology
Other Internet Services
26Cr -70.17%
Consumer Cyclical
Digital Media Agencies
0 -
Consumer Cyclical
Other Advertising & Marketing
6.24Cr -30.08%

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Sector allocation

Ratings chart - Surperformance

Ratings ESG MSCI

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