About Social Media Today
The World Mobile Congress recently took place and Business Week and the Financial Times each have several articles on mobile computing and location based services. Business Week has a special section on the Congress, and the Financial Times has several articles. Both report that location based services are expected to grow substantially in coming years. Key quote from the Financial Times:
"Analysts at Gartner expect location to become a mainstream mobile application within two to five years. They see the market growing from 16m users in 2007, to 43.2m in 2008 and 300m by 2011. Revenues from location services are similarly ex-pected to grow from $485.1m in 2007 to $8bn in 2011."
Location based services are going to become mainstream over the next 2-3 years. Customers are increasingly going to be equiped with full mobile Internet access and tools for quickly finding detailed information on local providers of goods and services. This will obviously have a big impact on many small businesses.
