Consumer demand for mobile applications will wear down resistance to in-app mobile ads, propelling the North American market to $2 billion by the end of the year, according to a new report by Parks Associates (http://www.parkassociates.com). "Monetizing Downloadable Mobile Applications" shows North American in-app ad revenue will surpass US$860 million in 2014 and paid mobile app profits will exceed $4 billion.
"As appetites for mobile apps grow, consumers will become more accepting of in-app ads," says Heather Way, research analyst, Parks Associates. "Our latest report shows 46% of adults 18-34 are either indifferent to in-app ads or willing to endure ads in free mobile apps."
New digital technologies will give companies an edge with more creative and personalized advertisements. Parks Associates' analysts say Apple's iAd mobile advertising ad network is a good example of using novel...| Read more »