The Global Market for Mobile Yellow Pages is Projected to Reach US$35 Billion by 2020
Increased Use of Mobile Phones to
Perform Business Tasks Spurs Growth in the Mobile Yellow Pages Market,
According to a New Report by Global
Industry Analysts, Inc.
GIA announces the release
of a comprehensive global report on Mobile Yellow Pages. The
global market for Mobile Yellow Pages is projected to reach US$35 billion by 2020,
driven by a robustly growing mobile market, and increasing use of Internet and
mobile directories among small and mid-sized businesses.
Mobile yellow pages is one
of the major advertising formats for accessing Yellow pages on various
internet-enabled mobile devices such mobile phones, smartphones, PDAs, tablets
and GPS navigators. In order to offset the decline in the printed directories
market, publishers of yellow pages have begun to foray into alternate media
formats and have adopted technologically advanced advertising formats like Internet
Yellow Pages. The online platform is benefiting from the rising Internet and
broadband penetration rates, providing users with location and contact details
of businesses along with other value added information in the form of maps and
reviews, among others. Extensive use of mobile devices particularly mobile
phones for searching local content is also helping drive growth in mobile
yellow pages revenues. In the coming years, sustainability issues, changing
lifestyles, and technological innovations are poised to dictate trends in the
market.
Greater reach, and ability
to target individual consumers anytime, anywhere based on their location are
some of the benefits that are driving growth in this market. Further, faster
mobile internet, increasing penetration of smartphones, surging number of
location based searches and rising awareness of the advantages of
location-based advertising (LBA) are enticing a large number of SMEs towards
Mobile Yellow Pages. To tap the growing demand for mobile yellow pages, yellow
page publishers are making extensive efforts to develop and launch mobile apps
for various mobile platforms.
As stated by the new
market research report on Mobile Yellow Pages, the United States represents the
largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing
market worldwide with a projected CAGR of 20% over the analysis period.
Important growth drivers in the region include growing number of mobile
Internet subscriptions, penetration of high-speed 3G data services, falling mobile
data service charges and digitalizing lifestyles of the growing base of affluent
middle class population. While South Korea represents the largest regional
market in Asia-Pacific, India is poised to register the fastest CAGR over the
analysis period.
Major players covered in
the report include AGI Publishing Inc., Dex Media Inc., Eniro AB, Hibu plc,
LocalEdge, Seat Pagine Gialle SpA, Sensis Pty Ltd, Solocal Group, Trudon (Pty)
Ltd., TRUVO, Yellow Pages Group, YP and Ziplocal, among others.
Comments
Post a Comment