Should consumer insights professionals take an investment tip from the marketing departments of the brands they serve?
For brands, the smart money increasingly is on reaching consumers on their smartphones, according to a recently-issued report from the Interactive Advertising Bureau (IAB) on how brands are dividing their digital ad-spend budgets. Here are key comparative figures for mobile vs. desktop ad revenues for 2017:
- Overall spending: Mobile, $50 billion; Desktop, $38 billion.
- Percentage revenue gain, 2017 over 2016: Mobile, 36%; Desktop, 6%.
- Share of digital ad spend: Mobile, 57%; Desktop, 43%.
- The report also notes that in 2017, video ad spending on mobile rose by a whopping 54%, vaulting mobile ahead of desktop’s share of video ad dollars for the first time.
“Smartphones and tablets have become indispensable tools in the hands of consumers, from the moment they wake up to right before they go to sleep,” Anna Bager, the IAB’s Executive Vice President, Industry Initiatives, said in an announcement of the report. “A double-digit uptick in spend on mobile video is testament to both the pull of mobile and consumers’ never-ending demand for sight, sound, and motion—even while on-the-go.”
In the face of facts and business trends such as these, it seems increasingly incongruous that MFour’s solutions executives report pushback against mobile from a surprising number of consumer insights pros who want to stick with familiar, desktop-centric, online methodology. Among other things, last-gen approaches lose the chance to achieve compelling, location-based consumer understanding by accessing proprietary, smartphone-specific technologies such as GeoIntensity® and GeoNotification®.
For a research industry that’s all about the numbers and how they’re trending, It just doesn’t add up. The boom in mobile advertising shows where the trend is going and where the smart marketing money already is. Unless we’re missing something, mobile is where the smart market researcher needs to be as well. In both consumer insights and consumer marketing, everything depends on being able to reach consumers, and the latest ad spending figures testify to how that’s best accomplished in the Smartphone Era.
For an informative and productive conversation about how you can invest in state-of-the-art, in-app mobile research to meet the engaged, validated, and representative consumers your own projects demand, just get in touch by clicking here.