40% of Mobile Search Revenues to Come From Local Ads

Annual revenues from mobile search services are expected to hit $4.8 billion by 2013, according to a new report from Juniper Research. Among the factors driving growth are the decline of carriers’ “walled garden” approach, falling data costs and the entrance of search heavyweights such as Google and Yahoo.

Local search will be the most popular service among advertisers, attracting 40% of mobile search ad spending over the next five years. Globally, China and the Far East are expected to generate most revenues from mobile search in the coming years, followed by Western Europe and North America.

(via Online Media Daily)

Related update: Matt Waddell, a product manager for Google mobile said in a Reuters interview: “We have very much hit a watershed moment in terms of mobile Internet usage. We are seeing that mobile Internet use is in fact accelerating.”

Second related update: M:Metrics reports on iPhone feature usage: “Two featured widgets, YouTube and Google Maps, are extremely popular among iPhone users: 30.4 percent accessed YouTube and 36 percent used Google Maps. In comparison, only one percent of all mobile subscribers accessed YouTube and 2.6 percent checked out Google Maps.”

What it means: more indication that local mobile search is about to happen.

SEAT Pagine Gialle’s 2008-2011 Business Plan

(via Forbes.com)

Seat Pagine Gialle SpA’s 2008-2011 business plan, due to be released on May 11, will include investments into the company’s internet activities and its international operations, chief executive Luca Majocchi said.

In an interview with Milano Finanza on Saturday, Majocchi said investments will be financed via the strong cash flow he expects from Seat PG’s activities in Italy, where also an ‘interesting’ sales growth is expected.

Majocchi said the re-engineering project at is UK unit Thomson will be brought ahead, and in Germany an internet business will be launched.

Turning to new markets, he said in that Turkey Seat is developing a joint venture with Dogan and in China it plans to reinforce its position.

In further comments, Majocchi said he expects a ‘strong growth’ of operating margin this year thanks to the absence of one-off costs for the launch of new products and organic growth in Italy.

What it means: I consider SEAT PG one of the most innovative directory publishers in the world (and they are very fun to work with!). Can’t wait to see what they have in store. Check out their 3D view of major cities in Italy (similar to what I blogged about on Monday) to get an idea of their innovations online. Click on the 3D button and select Roma to see Rome’s colosseum. Very cool!