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Mobile Marketing investment ‘to more than double in the next year’

Mobile Marketing investment ‘to more than double in the next year’

Marketers are expected to increase investment in mobile this year, as brands continue to recognise mobile as an integrated part of their marketing strategy, according to research from organisers of this year's ad:tech London 2009.

Research was conducted amongst over 1,000 visitors of last year's event, which revealed that investment in mobile marketing was expected to more than double this year, with 37 per cent of marketers claiming it would be an area of investment.

Earlier this year ABI Research estimated that, as new platforms for ad-supported mobile search, video and gaming content services arrive, mobile marketing will grow to over $24bn worldwide in 2013 from just $1.8bn in 2007.

Andrew Grill, one of the mobile advertising industry's leading strategists and author of popular mobile marketing blog ‘London Calling’, said, "Everyone has a mobile, and advertisers are looking to include this new medium in their marketing mix.

“We need a new approach that is not about reach and frequency - but is about relevancy

He added, “With mobile, small is beautiful. As a result, we need more targeted and personalised messages that are actually welcomed by the end user and therefore increases the relevancy of mobile marketing. Hence, ROI and sales conversion - this is what everyone is looking for from mobile."

As the value of mobile marketing continues to grow, with an estimated market value of £28.6 million last year in the UK according to PricewaterhouseCoopers, experts claim it offers the opportunity for extremely targeted and personal advertising direct to consumers.

"Mobile is such a personal device, and so we need to treat it in a different way - and learn from all the mistakes we made with the internet 10 years ago - we actually know how the story will end with mobile if we look at the lessons learnt from the early days of the internet,” added Grill.

AJR
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