Mobile advertising is being recognised as a great opportunity for brands, advertisers and publishers to engage consumers in a targeted and contextual manner, as it considerably improves their returns. Because of such, mobile advertising budgets have massively increased across the various categories and regions, growing from 0.5% of the business world's total advertising budget in 2010 to over 20% in 2017.
In monetary terms, worldwide mobile advertising revenue reached $134 billion in 2017 (and is forecast by analysts, eMarketer to reach $196 billion by 2019), a huge increase on the $3.3 billion generated in 2011 and the $1.6 billion in 2010 (Source: Gartner, Inc). Considering that over 2.6 billion people received ads on their phone as far back as 2013 and that 16% of mobile owners click mobile ads on a regular basis (Source: Sponge It Market Research), it is undoubtedly an attractive medium from an advertiser's point of view. In light of such potential, this medium opens up new advertising and marketing opportunities (such as AdMob, iAds and Advergaming) for brands attempting to reach their public.