What to watch out for in 2012:
The economy. Undoubtedly a time of uncertainty for the global economy, coupled with speculation around a breakdown of the Euro zone, this will be a focus on the outlook of 2012. The Advertising Association and Warc, earlier this month, downgraded UK adspend for 2012 to a 3.8% growth from a previous forecast of 4.7%.
That said, 2012 adspend as a whole will be £15.9bn, not something to be sniffed at. And while technology isn’t completely decoupled from the state of the global economy, it does stand in relative strength as an industry. The recent downgrades are most likely to reflect sharp downturns in print and supplements, particularly following closure of New of the World.
Google. No surprise here, but with the search giant owning 90% of the market globally and rolling out over 100 innovations in 2011 alone, we can expect its influence on trends in the next year to be huge.
More critically Google has 98% ownership of the mobile search market worldwide, over the likes of Yahoo! and Bing which have struggled to make even a dent on their competitor. “After years of false predictions, it looks like 2012 really will be the year of the mobile”, says Efficient Frontier CEO David Karnstedt, who’s recent study found mobile search in the US could account for 22% of online adspend next year, a significant increase from 6.5% currently.
Insights. Improved technologies such as Google Analytics and their widespread adoption have meant that consumer insight is easier to access than ever. Analysis of the search funnel, for example, will allow advertisers intelligent multichannel attribution. Minute Steak will ensure to invest in complete multichannel views of customer journeys for all channels. Using this advanced analysis of this data we can implement tailored strategies and improve overall marketing effectiveness.
More savvy users online now rely on social networks, customer reviews, video demonstrations, discount vouchers and apps to influence their purchase decisions. Today’s technologies now need to support a multi-touch presence to engage with and convert customers, providing the insight into behaviours allowing appropriate strategies to be executed.
Customisable Experience. IAB recently reported that over 50% of tablet usage took place between 7 – 12pm, making it the most widely used devise for accessing the internet in late evenings. Associate director of technology at YouGo, Russell Feldman also suggested that 24% of tablet users browse the interest from bed – supporting the IAB’s description of the devise as the ideal “downtime device”.
We’re already seeing newspaper and magazine publications focusing on tablet-specific versions, note the BBC homepage redesign back in September, now created to look and work more effectively from smartphones and tablet devices.
Only 4% of UK population actually own a tablet at the moment. Steve Koenig, director and industry analyst at the CEA describes how 2011 saw consistent growth in tablet sales reaching 207% growth. However forecasts of growth for 2012 have been cut to 59% and 22% for smartphones. Partly this is down to the “customisable experience”, whereby we’re using apps to personalise our devises, and therefore less inclined to make the upgrade. As a resilient market that saw sales drop only 8% worldwide in 2009 following the recession, the CEA still predicts the market to hit $1 trillion next year.















