US prepares to cede key role for internet
Zenith previously estimated that 71 per cent of internet consumption would be mobile in 2016.
Sixty per cent of global internet advertising dollars will come from mobile advertising in 2018, Zenith said, following the release of its "Mobile Advertising Forecasts" report on Thursday.
Mobile advertising expenditure in 2018 will total $134billion, which "is more than will be spent on newspaper, magazine, cinema and outdoor advertising put together," it said.
Zenith, a unit of French ad agency Publicis Groupe SA, had estimated global mobile advertising expenditure in 2016 to be $71 billion.
As more ad dollars shift to the digital realm from television, brands are rushing to Facebook Inc, Snapchat and Google where they can market to viewers.
"In four years, you've gone from 40 per cent to 70 per cent (of total internet use) in mobile," said Scott Singer, a digital media executive and managing director of innovation consultancy firm DDG Inc.
Google asks for airspace access for internet balloons
This trend is driving a shift in ad dollars to mobile and stoking deals in the media, entertainment and communications businesses, he added.
The rise of mobile data consumption, including video, is pushing telecommunications companies to marry content and digital distribution.
They are betting that they can lure viewers to online video and other content that are relayed over their internet and wireless networks, while also attracting advertisers to grow ad revenue.
AT&T in advanced talks to buy Time Warner: banking source
AT&T Inc on Saturday said it plans to buy media company Time Warner Inc for $85.4billion to diversify into content distribution.
Verizon Communications Inc has proposed to buy internet company Yahoo Inc.
Both want to leverage user data to help marketers deliver targeted ads.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ