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
21.85B -5.04%
Technology
Search Engines
4,381B +14.91%
Technology
Social Media & Networking
1,439B -14.11%
Technology
Enterprise Software
5.47B -45.14%
Technology
Enterprise Software
2.26B +28.09%
Technology
Enterprise Software
9.63B -53.16%
Technology
Other Software
527M +27.96%
Technology
Mobile Application Software
8.72B -34.82%
Technology
Other Software
22.46B -45.41%
Consumer Cyclical
Internet & Mail Order Department Stores
2,566B +3.35%
Consumer Cyclical
Entertainment Production Equipment & Services
21.22B +32.42%
Technology
Other Internet Services
511M -27.03%
Technology
Application Software
82.46B -41.71%
Technology
Other Software
1.57B -10.84%
Technology
Application Software
167B -26.28%
Consumer Cyclical
Other Advertising & Marketing
2.33B +0.12%
Technology
Social Media & Networking
1.88B -25.24%
Consumer Cyclical
Other Advertising & Marketing
4.32B +1.94%
Technology
Other Internet Services
533B -22.60%
Technology
Enterprise Software
1.25B -31.36%
Technology
Enterprise Software
222M -7.81%
Technology
Other Software
9.06B -49.21%
Consumer Cyclical
Other Advertising & Marketing
331M +83.33%
Technology
Cloud Computing Services
136B -37.38%
Technology
Other Internet Services
11.32B -21.94%
Technology
Other Software
5.04B -0.69%
Consumer Cyclical
Other Advertising & Marketing
2.57B -1.54%
Technology
Search Engines
17.22B -3.57%
Consumer Cyclical
Other Advertising & Marketing
897M -13.39%
Technology
Search Engines
39.39B -11.40%
Consumer Cyclical
Other Advertising & Marketing
28.97M -24.04%
Technology
Other Integrated Telecommunications Services
201B +18.12%
Technology
Other Internet Services
709M -14.13%
Real Estate
Other Specialized REITs
15.66B +21.94%
Technology
Other Software
1.3B +2.82%
Consumer Cyclical
Internet & Mail Order Discount Stores
646M -3.41%
Technology
Application Software
331M -12.11%
Consumer Cyclical
Magazine Publishing
364M -43.10%
Consumer Cyclical
Outdoor Advertising
1.23B +9.05%
Technology
Other IT Services & Consulting
828M -72.37%
Technology
Other Software
1.18B +95.20%
Technology
Other Software
712M -26.63%
Industrials
Data Processing Services
59.49B +177.59%
Consumer Cyclical
Other Advertising & Marketing
171M -36.20%
Technology
Other Software
29.79M -52.96%
Technology
Other Internet Services
127M +86.11%
Consumer Cyclical
Other Advertising & Marketing
1.74B -.--%
Technology
Other Internet Services
289M -67.49%
Consumer Cyclical
Digital Media Agencies
0 -
- - 2.55M -

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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
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