Really. Why not even $500 trillion or $750 trillion? The wacky market research analysts are all over the place with their forecasts. And even worse, lot of industry folks quote these numbers in Powerpoint presentations.
I'm a bit more pessimistic on mobile advertising. I do think it'll grow but not at the pace and magnitude the self serving analysts project.
- We have yet to crack the nut on best way to serve advertising on the mobile phone. Much of what exists today is a smaller version of what's on the desktop. On a mobile phone with a 3" screen and limited typing, this doesn't translate very well. Even on a device like the iPhone, screen real estate is limited.
- Mobile phones are primarily designed for voice communications. After voice, they've been adapted to handle text messaging. But web browsing and graphic navigation is difficult to do on a mobile phone. I do think that we'll start to see phone designs that incorporate advertising on the device (secondary display for advertisements, built-in buttons for call-to-action, etc).
- Little current demand for mobile advertising. There's really no killer service on the mobile browser that carries enough ad inventory. Ad buyers have yet to step up and make big mobile only commitments. It's still in the experimental stage for most advertisers and Mobile is generally purchased as a small give-away part of a large ad package which may include online, print and television.
- I know what the surveys say but I really don't think consumers want advertising on their phone. At least not the way it's being served now (related to my reason #1 and #2). And until we can solve #1, #2, and #3, consumers aren't going to be happy when they have to get past an ad to make a phone call or quickly look up information on their browser.
