Summary:
The market for proximity-based mobile social networking applications (i.e., applications that use use geo-proximity as the primary filter in determining who is discoverable on the social network) is expected to grow to $1.9 billion in revenues by 2016. This trend not only provides new opportunities for application vendors but also has the potential to disrupt the current social networking market, the architecture of the web, and the mobile landscape. Brands that can interject themselves into the experience will see valuable returns.
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