By: Mark Walsh | MediaPost.com
The Interactive Advertising Bureau earlier this year estimated U.S. mobile ad spending at $1.6 billion in 2011. Looking beyond U.S. borders, the IAB issued a new report today estimating the global mobile advertising market at $5.3 billion, with a wide gap between developed and emerging regions.
Asia-Pacific, for example, represented 35.9% of worldwide mobile ad spend, North America, 31.4%, and Europe, 25.9%. That compares to Latin America, with just 3.5%, and the Middle East and Africa, at 3.2%. The study, conducted by the IAB’s Mobile Marketing Center of Excellence in the U.S., IAB Europe and research firm IHS Screen Digest, also broke out mobile advertising for each region by type: display, search and messaging.