What will make the difference between getting connected with consumers in the near future and that the messages are more or less blurred amid all that is being received in these times? Brands have to find that element that will make a difference, the issue that will make consumers connect better with one brand than another and receive better products than others. Location advertising is the issue that could completely mark the difference, which could work as an absolutely differentiating element, could be how the ads are served? When is the message sent to the consumer? Is it the most appropriate time to do it and the one that best fits to what they want to hear and need to receive at that moment?
Therefore, one of the issues that seems to be getting more and more fashionable between brands and to which they seem to be lending more and more attention to it begins to be the use of location advertising with intentions. That is, it is now much easier than ever to know where the consumer is and therefore offer messages that fit that location. Logic makes it clear that the results to be achieved are going to be much better and much more efficient if you offer a message associated with what the consumer wants at the time they wants it. An advertisement about a restaurant is going to get better when you are wandering around a city at noon looking for what to eat than when you are, for example, comfortably sitting at home after the meal.
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One of the ways to prove that an element has more and more predicament and is being increasingly considered more and more relevant by marketers is in analyzing how much interest lend the studies and experts. The more studies there are on an issue and the more experts spend time and resources on it, the more interest it is arousing and the more attention it is getting from businesses.
Other ways to visualize the potential that has an issue and how decisive begins to be considered is to see what brands are doing. Combining marketing budgets can help you understand what you are considering and what you are going to do for the future.
One of the latest data on spending forecast comes from the US market, one of those that usually set the standard in marketing strategy and one that usually establishes what other markets will do later. According to a BIA / Kelsey study, it is expected that in 2021 brands will spend only US $32 billion on location advertising. Overall, mobile advertising is going to grow a lot. In five years, the forecast is to increase by 118%, which will also indirectly raise the location advertising. A very high part of this growth will be in ads that will be based on the location of the consumer.
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Location Advertising: What the numbers say?
Broadly speaking, mobile advertising will move from billing about $33 billion (with which it closed 2016) to $72 billion. So far, non-location advertising was who took the bulk of the pie ($20.2 billion versus $12.4 billion), but forecasts are that things will change in the future. Local advertising will be the one that grows the most by 2021 and will be increasingly closer to the non-localized. In 2021 will be 45% of mobile advertising spending (now is 38%) and will move 32.4 billion dollars out of the total 72,000 market.
This determining weight of location advertising will cause other formats to lose weight. Mobile searches as a general scenario will lose weight, just like native advertising on social networks.