Monday, September 29, 2014

Growth in mobile spurs mobile advertising innovation


When you walk the street, it’s difficult not to see people who are staring at their smartphones. I am also guilty of his. Consumers continue to ditch television and switch all their content viewing habits to mobile. There are skeptics out there who don’t believe smartphones and tablets will ever outrun TV, however numbers suggest otherwise. Millward Brown reported that each day, consumers are spending 147 minutes on their smartphones, 113 minutes watching TV, 108 minutes on laptops, and 50 minutes on tablets. Bob Dorfman, creative director at Baker Street Advertising, predicts that mobile will eventually become the predominant screen.

As a result of this trend, an increasing amount of advertisers are moving their advertising spending to mobile. Facebook and Twitter both saw double-digit gains in their mobile sales figures per quarter. According to eMarketer, mobile ad spend is projected to hit $19 billion this year and $58 billion by 2018. This is a huge change compared to several years ago when television advertising was still king.

A positive outcome of the growth in mobile is the increase innovation within this mobile advertising space. In order to capture the increased dollar spend, mobile companies are introducing newer, easier ways to advertise on their sites and platforms. For example, Facebook just introduced Atlas, which helps marketers track their campaigns on Facebook across smartphones, tablets and desktops. Google is planning on offering rich media ads for mobile.

Measuring impressions from mobile viewing has also become an important component of evaluating performance of advertising campaigns. To make it easier for advertisers to evaluate the overall performance, Nielsen is expected to pitch to TV networks a measurement tool that will pair mobile views with TV ratings.  Mobile is definitely becoming a large player in the advertising space.


Source: AdWeek

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