This year, driven by display ads, mobile will account for 69.9% of all digital advertising. With a 33.9% share of total US ad spend, mobile will pass TV as the leading advertising medium in the world’s largest ad market—and we expect that share will grow to a whopping 47.9% by 2022.
Meanwhile, redesigned mobile shopping sites are improving the surfacing of product information and reviews, leading to higher conversions from search ads.
Overall, mobile advertising will grow more than three times faster than total media this year, 23.5% vs. 6.6%. Transitioning competition from traditional to mobile formats is leading to escalating ad prices as brands vie for mobile placements. Advertisers’ increasing spend will push mobile’s share of total media to 47.9% by 2022. Read the rest at eMarketer.