A survey of 300 US companies shows rapid rise in mobile budgets
Mobile advertising is advancing rapidly and many of the issues that slowed progress in early years have been addressed, for example constraints imposed by network and mobile phone limitations have radically improved through developments in, respectively, mobile broadband and smartphones, according to a survey. A new survey by the Interactive Advertising Bureau (IAB) has indicated that the mobile advertising issues of highest concern to marketers are consumer privacy (40 percent) device operating system fragmentation (39 percent) and lack of standardised metrics (31 percent).
Advertisers Work to Integrate Mobile into Cross-Platform Campaigns
Most plan to integrate campaigns targeting mobile users into broader efforts. Mobile advertising is on the upswing, with eMarketer estimating US advertisers will spend just over $1.1 billion on the medium this year, rising to $1.5 billion in 2012. But for many marketers, mobile is still in the relatively early stages, with sporadic or disconnected efforts not tied to an overall marketing campaign.
Internet mobiles drive 27% rise in online retail
ONLINE retail is booming, despite tough times from the high street, with traffic to online retailers up 27% in the second quarter of this year. The latest BRC-Google retail monitor found that the increase in retail search volumes was driven by people looking for online stores on their mobile phones. Such mobile search volumes were up 216% year-on-year. The growth of retail search volumes for multi-channel retailers (usually those using stores and the internet) reached 14% in the second quarter of 2011, compared with 21% for pure online retailers.
Battle for media advertising dollars still hot
Dubai: As the preferred platform for advertisers, newspapers in the UAE accounted recorded $425 million (Dh1.56 billion) worth of ads during the first half of the year. This represent a decline from the $478 million recorded during the same period last year, according to Parc (Pan Arab Research Centre) figures. Magazines managed to stage a recovery in pulling ads. They took in $112 million in advertising which accounts for 16 per cent of total ad spending in the region. Television attracted a marginal increase to total $65 million, accounting for a 9 per cent share of the overall amount spent.
Mobile advertising to surpass $1.2 billion this year
With smartphone penetration on the rise, more advertising agencies are leveraging mobile platforms to promote products and services. According to a new survey from J.P. Morgan, budgets devoted to the medium are expected to nearly double in 2011 to $1.2 billion. J.P. Morgan analysts expect mobile will become a bigger digital marketing platform as data traffic continues to surge.
China’s mobile Internet poised for drastic growth
An audience is waving his cell phone and having a “tennis match” with a player shown on the computer screen. No matter who wins the match, the player must have lots of fun as his face is streaming with sweat. In the 9th International Mobile Phone Industry Exhibition held in Tianjin Binhai International Convention & Exhibition Center recently, the audience could feel the Internet life brought by mobile Internet and intelligent cell phone by means of interactive experience activities held by the exhibitors.
Developing Markets Show Rapid Ad Growth
Data shows there are now two developing markets in the world’s top 10 ad markets, China and Brazil, and the addition of Russia will make three in 2013. China is now the third-largest ad market in the world, with spending of $26.1 billion USD in 2010, and is catching up quickly with second-placed Japan, which spent $46.1 billion in 2010. This represents 57% of Japan’s spend. In 2013, China is expected to spend $39.1 billion, 83% of Japan’s predicted $47.4 billion in ad spending. Similarly, Brazil, at sixth place, is even closer to the fifth place UK: 81% of the size of the UK in 2010 and will be 91% in 2013. Russia, which was in 13th place in 2010, will be in ninth in 2013.
Smartphone shipments expected to reach 1B by 2016: study
Smartphone shipments are expected to reach 1 billion annually by 2016, up from 302 million in 2010, per a new study by Juniper Research. In order for the smartphone market to grow, the Juniper predicts that price points must come down, specifically to a retail price $150. The study also shows that handsets that can morph into other devices will see a particular increase.
IT spend by wealth managers to top $4.6 bn by 2015
Asia-Pacific spending on IT by the wealth management industry will top $4.6 billion by 2015, a significant growth rate of 8% over a five year period, predicts Ovum in a new forecast. In Asia-Pacific, China and India will be the major driver with a compunded annual growth rate (CAGR) of 14% and 12.5% respectively compared to 8% in Australia and 7% in Korea.







