Market Share of Ad Tech Industry
The Ad tech market is fragmented, with high competition among large and small companies. Some of the players include Adobe, Google LLC, Amazon.com Inc., Meta Platform Inc., and Quantcast. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
- October 2023 - Meta launched its first generative AI features for advertisers, allowing them to use AI to create backgrounds, expand images, and generate multiple versions of ad text based on their original copy. The first among the trio of new features allows an advertiser to customize their creative assets by generating multiple different backgrounds to change the look of their product images. Another feature, image expansion, allows advertisers to adjust their assets to fit different aspect ratios required across various products, like Feed or Reels.
- July 2023 - Omnicom has partnered with Google to integrate the latter’s generative AI models into its Adtech platform. The integration aims to improve the capabilities of Omnicom’s Adtech platform while providing personalized and effective advertising opportunities.
Ad Tech Market Leaders
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Google LLC
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Amazon.com, Inc.
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Meta Platform, Inc.
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Quantcast
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Adobe
*Disclaimer: Major Players sorted in no particular order
