Revenue from mobile location-based services in Europe is forecast to grow from €325 million last year to €825 million (£707 million) in 2017, representing a compound annual growth rate of 20.5%.
That’s according to a new report from Berg Insight, which also expects the North American location-based service market to grow from $835 million in 2012 to $1,295 million (£829 million) in 2017.
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Trakdot, the luggage-tracking service announced at the recent CES show in Las Vegas, is heading for the UK.
Consumers simply put the battery-powered Trakdot Luggage device in their case and receive city-specific information on the location of their baggage in real time. The service sends alerts via SMS and can be accessed via an Apple or Android application as well.
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The revenue from mobile advertising around the world is expected to reach $11.4 billion (£7.1 billion) this year, according to a new report from research company Gartner, and will hit $24.5 billion in 2016.
That means there’ll have been a 400% increase between 2011 and 2016.
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Podcast - 16th January 2013
We start this week with a look at troubled UK retailer HMV before moving on to research that sheds new light on mobile data usage.
You'll also find a new mapping app, increasing free WiFi coverage, a phone service designed for children and preliminary quarterly results from Samsung and Nokia.
Harder, better, faster, stronger...
Mark Bridge writes:
Oh, how the mobile industry loves a superlative. Much like the work ethic celebrated by Daft Punk (or Kanye West, if you prefer), it’s always looking for a new angle.
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