Millennial Media Shows Growth in Local Market Targeting
Mobile advertising platform, Millennial Media has released their SMART Lite report for February which gives you a quick look at key stats.
Most notable for this month is a 22% increase month-over-month in local market targeting which was driven mostly by Telecommunications, Restaurant, and Insurance advertisers. As you can see from the chart, nearly half of all mobile ads are now targeted as opposed to a broad reach.
The report also shows that campaigns driving application downloads rose 14% and watch a video grew 13%.
Finally, the report notes that it’s not too early to start planning for back-to-school. Millennial says that back-to-school is the second largest retail period of the year, and 38% of shoppers intended to use their mobile device for price comparisons. 30% of mobile shoppers want coupons and deals on supplies for their kids and if you’re in the shoe biz, then this is your number one time of the year.
Looks like its time to build that app that lists school supplies by grade and the best place to find them.