Mobile advertising gains momentum
As people become increasingly dependent on mobile phones to run both their personal and professional lives, advertisers are looking to colonise mobile content.
02 April 2013
In a world where the number of mobile phones is believed to outnumber humans, it’s no surprise that advertisers – which are losing consumers’ eyeballs in traditional segments – are looking to mobile as the next frontier. And it’s a rather profitable frontier at that.
According to Gartner Inc., revenue from global mobile advertising is set to grow by a whopping 400 percent between 2011 and 2016. By 2013, Gartner forecasts that worldwide mobile advertising revenue will reach $11.4 billion – up from $9.6 billion in 2012 – and $24.5 billion in 2016. In South Africa, turning to mobile as a primary medium for ads is a no-brainer: despite the fact that half the country’s 50 million or so people live below the poverty line, more than 75 percent among those in low-income groups aged 15 or older own a mobile phone.
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