Sample and Hold: Mobile Local Ad Revenues to Grow
Nov 1, 2011 1:00 AM, By Erin Shipps, senior associate editor
$453.88 billion
in GDP annually
980 thousand
jobs on an annual basis
According to BIA/Kelsey’s “Annual U.S. Local Media Forecast, 2010-2015 Mobile Local Media,” U.S. mobile local ad revenues are projected to grow from $404 million in 2010 to $$2.83 billion in 2015. Total U.S. mobile ad spending will grow from $790 million in 2010 to $4 billion in 2015. This makes locally targeted mobile ads 51 percent of overall U.S. mobile ad spending, growing to 70 percent by 2015. BIA/Kelsey defines mobile local advertising as that which targets users in specific locations or contains location-specific calls to action. Among the drivers of mobile ad revenue growth are smartphone penetration, mobile Web usage and related increases in ad inventory.
Source: An Analysis of the Importance of Commercial Local Radio and Television Broadcasting to the United States Economy, Woods & Poole Economics.
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