January 11th, 2012 by
Justin Montgomery
New projections published this week from Berg Insights suggest the global mobile marketing & advertising industry will grow an impressive 37% over the next 48 months, representing record growth in an already fast-moving segment.
The research firm predicts the industry will reach a value of over $22.6 billion by the end of 2016, attributing most of the growth to continued smartphone adoption and increasing availability of mobile media that can include mobile advertising. “Brands are now progressively embracing the mobile channel, including the entire range of apps, from games and entertainment to utility applications. Also, mobile Web advertising and opt-in SMS [Short Message Service] campaigns are popular,” explained Rickard Andersson, telecom analyst at Berg Insight.
For more on the report, visit this Mobile Marketing Watch article.