Cannes Lions · 2014 · Receipt
Terry Kawaja called it.
Verdict: Right
“Fragmentation happens, so get used to it. The LUMAscape continues to grow, not shrink — buyers should plan for a complex ecosystem rather than wait for consolidation to simplify it.”
What actually happened
Fragmentation continued exactly as Kawaja predicted: the LUMAscapes kept growing (martech alone hit 14,106 logos in 2024), and the consolidation buyers were told to stop waiting for never arrived at the long-tail level.
Verdict tracked by We've Got Receipts
Read the full receipt →Pundit page: wevegotreceipts.com/pundits/terry-kawaja
- #agency-holdcos
- #programmatic-adtech
- #cannes-lions