WirelessDevNet.com Press Release
U.S. Smartphone and Tablet in-app Advertising to Exceed $5.6 Billion by 2017
Parks Associates advertising research finds approximately 60% of smartphone and tablet users watch 1-5 hours of TV/video on these mobile platforms each week, which will help drive in-app advertising revenues on these platforms to over $5.6 billion by 2017.
Heather Way, Senior Research Analyst, Parks Associates, will discuss this research at the Digital Entertainment World (DEW) conference in Los Angeles tomorrow. Way is moderating the panel "Advertising / Monetization: Multi-Screen Advertising Measurement: What are the Video Metrics of the Future?" in the Brentwood Room at the Hyatt Regency Century Plaza, Tuesday, February 18, 11:15 a.m.-12:00 p.m.
"While industry stakeholders have access to vast amounts of user data, cross-platform audience measurement remains complex, varied, and undefined," Way said. "There is no scalable, cross-platform audience metric standard in place to determine how traditional and online video complements or overlaps one another from a usage and advertising perspective. A true cross-platform video measurement approach is essential to quantify unduplicated reach across broadcast and cable TV, the Internet, and mobile apps and web properties. Industry demand will only grow stronger as more consumers access video programs outside of traditional channels."
Parks Associates research and industry analysis routinely monitors advertising and online video trends. A recent industry report "Advertising Trends and Converged Media" found 44% of tablet owners and 32% of smartphone users have increased their video consumption on these mobile platforms compared to 12 months ago.
Way's panel at DEW will include Jon Vlassopulos, Founder & CEO, Trailerpop; Roland Hamilton, Managing Director, US, Dailymotion; Jaci Hays, SVP, Ad Sales (Tech, Games and Lifestyle), CBS Interactive; and Vamshi Sriperumbudur, VP, Platform Marketing, YuMe. For more information on the 2014 DEW conference, click here.
Parks Associates will present advertising and media entertainment research and analysis at the company's CONNECTIONS™: The Premier Connected Home Conference, May 13-15, 2014, in San Francisco. The event will feature keynotes from AT&T, Lowe's, ARRIS, and iControl Networks. Sessions will include topics such as "Managing Multiscreen Advertising: Data, Engagement, and Revenues." More info is available at http://www.connectionsus.com.
About Parks Associates
Parks Associates is an internationally recognized market research and consulting company specializing in emerging consumer technology products and services. Founded in 1986, Parks Associates creates research capital for companies ranging from Fortune 500 to small start-ups through market reports, primary studies, consumer research, custom research, workshops, executive conferences, and annual service subscriptions.
The company's expertise includes new media, digital entertainment and gaming, home networks, Internet and television services, digital health, mobile applications and services, consumer electronics, energy management, and home control systems and security.
Each year, Parks Associates hosts industry webcasts, the CONNECTIONS™ Conference Series, and Smart Energy Summit: Engaging the Consumer.