The players
219 companies and organisations that make up ad tech, what each one does in plain English, and where it sits in the chain.
Azerion
AZRN -1.2%Dutch digital advertising and casual games group, owner of the Improve Digital SSP.
SSPs (sell side)NetherlandsBroadsign
PrivateSoftware that runs many of the world's digital billboards, now including the Place Exchange SSP.
Digital out-of-homeCanadaEquativ
PrivateFrench ad server and SSP (formerly Smart AdServer) that absorbed Sharethrough.
SSPs (sell side)FranceFreeWheel
DivisionComcast-owned ad server and marketplace that runs ads for much of premium TV and streaming.
Ad serversUSAGoogle Ad Manager
DivisionGoogle's publisher ad server and exchange, the market-leading tool at the centre of the US antitrust case.
Ad serversUSAHivestack
AcquiredProgrammatic DOOH platform acquired by Perion in 2024.
Digital out-of-homeCanadaImprove Digital
DivisionEuropean SSP owned by Azerion, serving publishers across Europe.
SSPs (sell side)NetherlandsIndex Exchange
PrivateLarge independent ad exchange and early header-bidding champion, privately owned.
SSPs (sell side)CanadaInMobi
PrivateIndia's first unicorn: a mobile advertising platform and owner of the Glance lock-screen business.
Mobile app monetisationIndiaKargo
PrivateMobile and CTV ad marketplace known for high-impact creative formats.
SSPs (sell side)USALiftoff
LFTO -3.2%Mobile app advertising platform (with Vungle) that listed on Nasdaq in June 2026.
Mobile app monetisationUSAMagnite
MGNI +0.5%The largest independent sell-side platform, especially in connected TV.
SSPs (sell side)USAMedia.net
PrivateContextual ad company powering the Yahoo-Bing contextual network, with large teams in Mumbai.
SSPs (sell side)UAEMediavine
PrivateAd management company that runs ads for thousands of food, lifestyle and hobby blogs.
Header bidding & wrappersUSANexxen
NEXN -0.8%Video and CTV ad tech group (formerly Tremor International) with its own DSP, SSP and data.
SSPs (sell side)IsraelOneTag
PrivateFast-growing independent SSP and curation platform, with Italian roots.
SSPs (sell side)UKOpenX
PrivateLong-running independent SSP and exchange, focused on identity and sustainable supply.
SSPs (sell side)USAPerion
PERI -0.2%Israeli ad tech group combining search, CTV, DOOH (Hivestack) and retail media on one platform.
SSPs (sell side)IsraelPlace Exchange
AcquiredIndependent out-of-home SSP, acquired by Broadsign in 2025.
Digital out-of-homeUSAPubMatic
PUBM +1.2%Independent SSP running its own infrastructure, with large engineering operations in Pune, India.
SSPs (sell side)USARaptive
PrivateCreator-focused ad management company (formerly AdThrive and CafeMedia).
Header bidding & wrappersUSASharethrough
AcquiredNative and video SSP that merged into Equativ in 2024.
SSPs (sell side)USASmaato
DivisionMobile in-app ad exchange owned by Verve Group.
Mobile app monetisationGermanySonobi
PrivateAd tech developer that built early header-bidding and now focuses on publisher and CTV tools.
SSPs (sell side)USASovrn
PrivatePublisher-focused SSP and tools company serving independent and long-tail sites.
SSPs (sell side)USATeads
TEAD +17.4%Outstream video and content-recommendation company formed when Outbrain bought Teads and took its name.
SSPs (sell side)USATripleLift
PrivateSSP known for programmatic native ads and branded placements inside TV shows.
SSPs (sell side)USAVerve Group
VER 0.0%Mobile-first ad tech group (Smaato, Verve) listed in Stockholm and Frankfurt.
Mobile app monetisationSwedenVistar Media
AcquiredLeading programmatic digital out-of-home platform, bought by T-Mobile in 2025.
Digital out-of-homeUSAXandr (Microsoft Invest/Curate)
DivisionThe former AppNexus exchange, owned by Microsoft, which shut its DSP in 2026 and kept its sell-side tools.
Ad exchangesUSAYahoo
PrivateWeb pioneer, now private-equity owned, running news, finance and sports sites plus a DSP.
Walled gardens & platformsUSAYieldmo
PrivateMobile ad formats and attention-based optimisation marketplace.
Creative & DCOUSA