The report, which is titled "Mobile Advertising: Delivery Channels, Business Models, & Forecasts," said the mobile advertising market is expected to grow to $5.7 billion by 2014. One of the main drivers of this growth is the fact that most consumers have mobile devices on them nearly all the time, and the always-connected nature of the device.
"Regardless of mobile's advantages -- its personal nature, the facility for highly targeted advertising -- advertising will not commit more budget until they perceive that the audience for their advertisements has reached a critical mass," said report author Windsor Holden in a statement.
The growth in mobile advertising has led to a slew of startups looking to capitalize on this surging market. Multiple companies have targeted Apple's iPhone as a platform because its users tend to surf the Web more, and iPhone users are comfortable downloading and installing new programs from the App Store. Medialets is one of those companies, and it has created an advertising platform that enables developers to offer rich media adds that are built into iPhone apps.
With mobile devices taking on increasingly important tasks for enterprises, some companies may be facing trouble without a mobile device management plan. InformationWeek analyzed this issue in an independent report, and it can be downloaded here (registration required).
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