According to Business Insider, mobile-centric social networks, mobile video companies, and location based services are set to see big benefits from the booming shift in consumer media consumption and the way consumers use media. In a recent BI Intelligence report, Business Insider reveals data on how companies can really capitalize on the shift to mobile-centric consumers.
The report highlights how tech companies, social networks and app developers transition business models to accommodate the growing mobile market.
- Mobile usage is at an all-time high. U.S. consumers now dedicate one-fifth of their media consumption time to mobile. That’s a share five times greater than in 2009.
- In fact, we’ve reached a usage tipping point. Consumers are spending as much time on mobile as they are in the traditional online category (which includes all activity on desktops and laptops.)
- Mobile was the only media type to grow in total U.S. consumer minutes spent per day from 2010 to 2012.
- In the course of 2013, tablet shipments have grown 83% while PC shipments dropped 13%.
- Mobile video is already big, but it’s poised to become even bigger. Why? One key trend is that not only are consumers watching more videos on mobile devices overall, they’re also sticking to their mobile devices for longer periods of time while watching. This gives marketers more time and opportunity to place ads within streaming video content.
- The 219 million mobile-only users now make up close to 20% of Facebook’s total user base and Pinterest’s U.S. mobile-only user base grew 28% reaching 18.3 million in June 2013. And Facebook in particular has made significant progress monetizing this growing audience: mobile advertisements now represent a 41% of its ad revenue.
- Search is also becoming increasingly mobile. Tablets and smartphones now account for 26% of all local search traffic.
- Yelp has been one huge beneficiary of increased local-mobile searches. Google’s dominant search engine is still taking the lion’s share of local-search ad dollars, but Google’s threatened by stand-alone apps like Yelp that attract specialized searches. Every search on Yelp for a local Chinese restaurant is a lost revenue opportunity for Google, and we expect local-mobile to be one area of tumult and increased competition in the next couple of years.
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