Mobile adspend bucked all market trends
Having touched on mobile advertising before on this blog, it’s worth keeping you updated with its progress.
The Internet Advertising Bureau (IAB) has revealed that UK mobile advertising spending exceeded the predictions of 2008 and reached a total of £28.6 million
Paid-for-search advertising on mobile topped the charts, accounting for 50.2% of all spend, while mobile display advertising (banners, text links) covered 49.8%
So what does this all mean? This quote, from Guy Phillipson, chief executive of the IAB, sums it up well:
“Over the past 12 months the marketplace has been buzzing with anticipation about this exciting new channel. Now is the perfect time for brands to dip their toes in the water, to see for themselves how effective and complementary mobile advertising can be.”
Read my earlier scepticism here for a more slightly cautious approach, although it does look as though mobile advertising may become a pretty powerful strategy in future years.
Tags: mobile advertising