global mobile marketing and advertising market will grow from 3.8 billion in 2011 at a compound annual growth rate (CAGR) of 31 percent to 19.7 billion in 2017
(PRWEB) February 26, 2013
What are the latest trends on the mobile advertising market? Growing at a compound annual growth rate of 31 percent, the mobile ad market is forecasted to be worth € 19.7 billion in 2017 – corresponding to 15.5 percent of the total digital advertising market. Find out what the industry leaders are doing and anticipate their strategies for the future. Learn more in the sixth edition of this 170 page report.
According to a new research report from the analyst firm Berg Insight, the total value of the global mobile marketing and advertising market will grow from 3.8 billion in 2011 at a compound annual growth rate (CAGR) of 31 percent to 19.7 billion in 2017. This will then correspond to 15.5 percent of the total online advertising market or 4.4 percent of the total global ad spend for all media. As the digital convergence blurs the differences between devices, the definition used for mobile advertising is that it comprises the digital ads exposed on a mobile handset screen. The report predicts that the mobile advertising expenditure will increase rapidly, which resonates well with the continuously increasing share of time people spend on the mobile channel at the expense of traditional media. Consumers are currently devoting a quarter of their media consumption time on mobile devices, yet the channel only attracts slightly more than 1 percent of the ad dollars, said Rickard Andersson, Telecom Analyst, Berg Insight.
While the transition of advertising expenditure from traditional media to digital channels has not kept up with the changes in consumer behaviour, the direction of the development is clear. The unique targeting possibilities and new creative ad units suitable for mobile devices will spur mobile ad spend to increase severalfold in the medium-term, said Mr. Andersson. He adds that advertisers today are keen on exploring opportunities with real-time bidding enabling automation in the ad buying process. The mobile marketing value chain is still developing and there are a large number of players dedicated to different activities related to mobile advertising. Since the value chain is fragmented and the industry has not yet reached maturity, many different roles are involved. The major mobile OS providers Google and Apple already hold major market shares offering their AdMob and iAd platforms. Microsoft and Yahoo! are also in fierce competition over market shares in the mobile advertising space. Facebook has moreover made a first inroad into the mobile ad market and may surface as an important player if combining advanced user targeting with innovative mobile ad formats.
Companies mentioned in this report include AccuWeather, AdMob, Amazon, Amobee, Android, Angry Birds, Apple, AT&T, Audi, Barclaycard, Blyk, BMW, Careerjet, Google, Harper's Bazaar, InMobi, Jumptap, Lexus, Madvertise, Microsoft, Millennial Media, MINI, Nokia, Orange, Out There Media, RIM, SFR, Smaato, Starbucks and Yahoo!
For more information visit http://www.researchandmarkets.com/research/dgjqf7/mobile
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Sector: Mobile Content