Mobile advertising supply continues to exceed demand: Digiday Mobile panelists
NEW YORK – Much of the discussion at Digiday Mobile focused on problems that publishers face in the mobile space such as choosing a model for the pros and cons of paid and ad-supported mobile content-monetization models impose on publishers. An executive from The Boston Globe went as far to say that monetizing the company’s mobile efforts is one of its biggest problems.“We’ve struggled to monetize content,” said Jeff Moriarty, vice president of digital products at The Boston Globe, Boston. “We broke our audience into two groups, and we realized that we were not serving either.”
Mobile payments market expected to touch $245bn: E&Y
NEW YORK: Billed as the future of banking, the value of financial transactions carried out through mobile phones has been pegged at $245 billion worldwide by 2014 in a new report by global consultancy firm Ernst & Young. “Overall, mobile payment services are expected to reach $245 billion in value worldwide by 2014,” according to the report by Ernst and Young (E&Y). At the same time, the number of users carrying out transactions using mobile money is expected to total 340 million by 2014, equivalent to 5 per cent of existing mobile subscribers across the globe, the report said.
Ad Spending on African-American Audiences Grows 3%
Total US advertiser spending aimed at African-American audiences grew 3% between 2009 and 2010, according to [download page] a report released in September 2011 by The Nielsen Company. Data from “The State of the African-American Consumer” indicates advertisers spent $1.98 billion on African-American audiences in 2010, compared to $1.92 billion in 2009. Television advertising was the largest medium for all ad spending in 2010, accounting for $69 billion. In the first surpassed $18 billion, growing almost 9% versus the same period in 2010. Radio and magazines during this same period also saw higher ad spend levels than last year, increasing between six and 7%. Newspapers, however, saw a 10% drop.
Why retailers should engage customers throughout their entire shopping experience
By the end of the year, more than half of mobile phone users will have smartphones. Even more interesting is that 93 percent of smartphone users use their phones inside the home, according to Google. Combined with how shoppers use smartphones near and in stores, there is now a real opportunity for retailers to engage customers throughout the entire shopping process, starting at home.
Starbucks Perks Up Mobile Payments Program
In January 2011, Starbucks debuted a new way for customers to pay for coffee—through the brand’s mobile app. With 2-D barcode scanners installed in nearly 9,000 of its store locations, the coffee chain has served as a model for retailers looking to enter the mobile payments space. Adam Brotman, who leads digital strategies for the Seattle-based coffee chain, talked to eMarketer’s Lauren McKay about why the mobile payment program works for Starbucks and where he thinks the market is headed.
Mobile Media Summit Disrupts Advertising Week
Mobile is shaking up New York’s Advertising Week. The third annual Mobile Media Summit, the premiere event for mobile media, brand and advertising executives, returns to the Big Apple on October 5th to crash the party and shine a light on mobile media and advertising. The mobile ad industry crossed a great inflection point this year when it hit the $1B mark, and tablet and smartphone sales have outshined TVs in U.S. revenue. Bringing mobile to Madison Avenue, the Mobile Media Summit has the most advertisers of any mobile event in the U.S.
Publishers Slow to Take Advantage of Mobile Sites
More than two in five mobile users will go online from their phones each month, eMarketer estimates, but many websites have been slow to make their content available in mobile-optimized formats. Research from mobile site detection API provider Company Data Trees found that in January 2011, 14.32% of the top 10,000 sites on Alexa had a mobile version, and 14.67% of publishers (defined as websites with advertising) had one. The percentages have grown since then, to around 24% and 26%, respectively, as of September.
Mobile ad revenue in Canada up 93% in 2010
Mobile advertising revenues in Canada grew 93% in 2010 to more than $52-million, according to the Interactive Advertising Bureau of Canada. The Top 10 earners accounted for 82% of total net revenues in 2010. The ad placement and spend category grew 105% over 2009, driven primarily by search advertising at $17.1-million, and mobile display and sponsorship at $15.6-million.
Mobile Wallets Move Closer to Reality
The potential for mobile payments is huge. Globally, consumers make trillions of dollars in credit and debit card transactions each year. Migrating just a small percentage of that spending to mobile-based transactions would be a lucrative opportunity for the companies that facilitate it. The mobile payments market is difficult to size in its nascent state, and research firms vary widely as to the dollar figures involved. But they agree on one thing, as eMarketer’s new report, “Mobile Payments: Moving Closer to a World Without Wallets,” notes: dramatic growth.
Singapore most IT competitive APAC market
SINGAPORE–Strong investments in human capital, particularly IT employment and enrolment in higher education, have helped Singapore emerge as the No. 1 Asia-Pacific market in terms of IT competitiveness, and third globally, a new report revealed. The Business Software Alliance’s (BSA) Global IT Competitiveness Index, which was released Tuesday, noted that besides Singapore, six other Asia-Pacific countries–Australia, Taiwan, Japan, New Zealand, South Korea and Hong Kong–made it on the top 20 list, too. The region’s strong showing proves that investments in IT do pay off, said Roger Somerville, senior director of government and policy for BSA Asia-Pacific.
China market: Mobile phone users grow to over 940 million in August
There were 940.09 million subscribers of mobile communication services in China as of the end of August 2011, growing 1.10% on month and 14.22% on year, and 94.12 million, or 10.01% of them were 3G users, according to China’s Ministry of Industry and Information Technology (MIIT). The August number accounted for 68.8% of the country’s population (user density). As of August, there were 288.80 million subscribers to fixed telecommunication services in China, translating into a user density of 21.7%. In August, mobile phone subscribers in China sent 73.29 billion short messages, averaging 2.53 short messages per phone number a day.