This year’s GlobÂal Mobile Awards are a real sign of the times, with mobile platÂforms ever-increasÂing in use and popÂuÂlarÂiÂty and mobile adverÂtisÂing comÂpaÂnies facÂing exploÂsive rates of growth.
The marÂket of mobile adverÂtisÂing is growÂing extremeÂly quickÂly, with the US mobile ad indusÂtry expectÂed to increase by almost 100% in 2012 to $2.3 bilÂlion and a globÂal growth of over 60% to $6.4 bilÂlion (comÂpare this with 2010’s globÂal spend of roughÂly $4 bilÂlion). This rapid increase is a result of a numÂber of facÂtors, nameÂly the strong US, ChiÂnese and JapanÂese mobile marÂkets, the increasÂing numÂber of smartÂphone users, conÂsumers spendÂing more and more time with their mobile devices, largÂer netÂwork expoÂsure and data serÂvices (3g, 4g) and the high proÂporÂtion of mobile browsÂer and mobile appliÂcaÂtion usage.
It is reportÂed by Nielsen that 64% of time spent on mobile phones is on appliÂcaÂtions and 11% with browsers, and when we comÂbine this with the hunÂdreds of milÂlions of smartÂphone users around today and the rapid conÂverÂsion of non-smartÂphone users, few marÂkets are curÂrentÂly holdÂing more potenÂtial, more monÂey to be made and more digÂiÂtal media jobs to be offered, than the mobile marÂketÂing sector.
The potenÂtial is clearÂly there, but what is also clear is that mobile adverÂtisÂing modÂels — and the agenÂcies utiÂlizÂing them – are in their infanÂcy, and the indusÂtry still has much to learn. As mobile adverÂtisÂing modÂels advance and as new techÂnoloÂgies estabÂlish betÂter adverÂtisÂing techÂniques, we can expect to see many new trends, but what trends are hot to watch right now? Let’s take a look.
BehavÂioral AdvertÂing Targeting
SmartÂphones are no-longer new, but mobile ad tarÂgetÂing is still very genÂerÂal, with modÂels using devices and demoÂgraphÂics as the main criÂteÂria to decide which adverÂtiseÂment to disÂplay. We can expect rapid advanceÂment over the comÂing years in behavÂioral tarÂgetÂing, which will use user smartÂphone behavÂior, locaÂtion and demoÂgraphÂics to proÂvide highÂly speÂcialÂized and highÂly effecÂtive mobile advertising.
IncreasÂing Job Positions
With the mobile app marÂketÂplace setÂtling down, new methÂods of profÂit are comÂing to the foreÂfront, includÂing new ad operÂaÂtions and advanced as reportÂing for mobile apps and games. Many pubÂlishÂers are now estabÂlishÂing and expandÂing dedÂiÂcatÂed in-house teams to focus espeÂcialÂly on mobile apps, with a focus on revÂenue diversification.
AdverÂtisÂing StanÂdardÂizaÂtion across DifÂferÂent Mobile Platforms
In the very earÂly days of mobile adverÂtiseÂment and up to the present, adverÂtisÂers have had to deal with a conÂfusÂing array of adverÂtisÂing netÂwork platÂforms; major netÂwork platÂforms such as Apple iAds and Google AdMob, indeÂpenÂdent netÂworks such as InMoÂbi and a numÂber of othÂer mobile demand platÂforms. In the interÂests of clarÂiÂty, we will likeÂly see conÂsolÂiÂdaÂtions, such as the conÂsolÂiÂdaÂtion of demand-side adverÂtisÂing platÂforms and traÂdiÂtionÂal netÂwork platÂforms. This will make adverÂtisÂing netÂworks more approachÂable, and make things less comÂpliÂcatÂed and conÂvoÂlutÂed for adverÂtisÂing and marÂketÂing firms.
Real-time Mobile AdverÂtiseÂment Bidding
This will likeÂly be a real game changÂer for the mobile adverÂtisÂing marÂket. Real-time bidÂding is an emergÂing adverÂtisÂing techÂnolÂoÂgy that applies the prinÂciÂples of free-marÂket comÂpeÂtiÂtion to ensure fair prices, betÂter conÂtrol and betÂter ad tarÂgetÂing. AdverÂtisÂers will be able to see exactÂly what they are getÂting and for what cost (conÂtrolled by themÂselves through bidÂding), and pubÂlishÂers will find more sources of revÂenue from the comÂpetÂiÂtive aucÂtion of adverÂtisÂing space.