Single Touch
Systems, a technology-based mobile solutions provider serving businesses,
advertisers, and brands, has highlighted a market industry report alluding to
triple-digit growth expectations in mobile advertising spending, which the
company says creates an “upbeat perspective” on its outlook for 2014.
U.S. spending on
mobile advertisements to have reached $9.6 billion in 2013, according to
research firm eMarketer, representing an increase of 120 percent from $4.36
billion in 2012. Furthermore, a recent Zenith Media report forecasts that
mobile will be the fourth largest advertising category by 2016, surpassing
print, outdoor, radio, and cinema, trailing only desktop, TV, and Internet
advertising.
Mobile advertising
currently represents approximately 23 percent of digital ad budgets, growing 12
percent last year. EMarketer estimates that overall digital ad spending in the
U.S. will spring nearly 16 percent by the end of 2013 to $42.6 billion. The
firm estimates that mobile advertisements will continue to maintain a larger
share of the digital ad market until surpassing ad spending on desktop
computers in 2017.
Single Touch
president and CEO James Orsini explained why the figures are highly relevant
and encouraging to the company.
“It was very
encouraging to see validation from such industry findings. Over the past year,
the digital marketplace has undergone a major transformative phase with mobile
ad spending driving most of the growth,” Orsini stated in the news release.
“There is measurable evidence that mobile ad growth is clearly trending upwards
and we believe we are well positioned to capture a substantial share in the
digital ad space. Mobile advertising will be the growth engine to digital
advertising in 2014 and beyond, just as digital advertising was and is to
traditional advertising which started a decade ago.”
Single Touch’s
proprietary FollowMe mobile technology reaches consumers by identifying their
precise location within “geo-fences,” a virtual perimeter within a radius of a
store or point location. Ads are delivered based on specific demographic profiles.
FollowMe’s mobile demand side platform reaches 400 million consumers and can
serve 40 billion impressions per month within 15 feet of a specific GPS
coordinate.
According to
BIA/Kelsey, location targeted mobile ads are a growing trend, with revenues
expected to reach $10.8 billion and grow to 52 percent of overall mobile
revenues by 2017.
“Whether it is
promotional ads or coupons like what we’ve done for Peter Piper Pizza or brand
awareness like our work with GAF, North America’s largest roofing manufacturer,
mobile app advertising is an economical marketing outreach solution for most
brands,” Orsini concluded.
For more information
visit www.singletouch.net
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