News Articles

Wednesday, June 22, 2011

Mobile advertising is increasingly about location, says report

A new report from Pyramid Research says location-based advertising is becoming increasingly popular. In 2008, the location-based advertising market was worth just $86 million worldwide, representing 10% of all mobile advertising. Last year, it had increased to $588 million - 18.5% of all mobile advertising - and by 2015 it’s expected to reach $6.2 billion (£3.8 billion).

When that happens, almost 35% of all mobile advertising revenue will be coming from location-based advertising - or, from another perspective, more than 60% of all location-based service revenue would be coming from mobile ads.

Jan ten Sythoff, analyst at large for Pyramid Research, said “The different components of mobile advertising (including search, display and messaging) are all growing. However, local search will be the most important driver of location-based advertising revenues. Not only are navigation applications moving to a search-funded model, but there are also a wide range of other companies looking to capitalize on the growth of local search, including start-ups (such as Poynt and Yelp), local business advertising specialists (such as Yellow Pages) and vertical aggregators (such as toptable and HotelBooker).”

North America is the largest region throughout the forecast period due to high GPS penetration of handsets.

[Report summary]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 1660

Tags: advertising research location

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«March 2024»
MonTueWedThuFriSatSun
26272829123
45678910
11121314151617
18192021222324
25262728293031
1234567

Archive

Terms Of Use | Privacy Statement