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SOURCE Vdopia, Inc.
FREMONT, Calif., Jan. 23, 2014 /PRNewswire/ -- Vdopia, Inc., a global leader in mobile video and rich media advertising, today announced the second installment in the Vdopia Mobile Insights (VMI) Series – VMI Multicultural Marketing Report. Focusing on African Americans and Hispanics, the report takes an in-depth look at the mobile advertising ecosystem, including data related to mobile advertising trends, habits, spending power and more.
The report outlines the importance of multicultural marketing for mobile advertisers, with African Americans and Hispanics overall showing tremendous growth in population and spending power. The report also emphasizes the significance of accounting for these cultural groups' unique attitudes and beliefs when implementing mobile video and rich media campaigns.
Some key data points of the report include:
"For marketers looking to reach multicultural audiences, the VMI Multicultural Marketing Report provides tremendous insight into how African Americans and Hispanics have embraced smartphone and tablet devices," said Saurabh Bhatia, founder and Chief Business Officer, Vdopia.
"Diverse consumers often have unique perspectives, allowing marketers to customize campaigns specific to these distinctive ideas and values."
As the report highlights, the adoption of high-end smartphones and faster mobile data speeds has contributed to the overall growth of rich media and video ad spend by multicultural advertisers. Combined with Hispanic and African American populations expected to increase by 24% and 10% respectively by 20255, targeting these audiences will continue to become increasingly important for all mobile advertising campaigns.
Vdopia is the global leader in mobile video and rich media advertising. Its mission is to deliver the best mobile video and rich media ad experience for consumers and advertisers across all smartphone and tablet devices. It is the first company to offer .VDO mobile video format, a proprietary technology that allows the delivery of mobile video to more people in more places than any other mobile advertising company in the world. Headquartered in Fremont, the company has US offices in New York, Chicago and Los Angeles, and globally in the UK, Germany, India, Singapore, Indonesia, Malaysia and Australia. Visit www.vdopia.com
For more information please contact:
Director of Marketing & Communications
1 Pew Internet and American Life Project, September 2013
2 Selig Center for Economic Growth
3 comScore mobilens, September 2013
4 Pew Internet and American Life Project, April 17-May 19, 2013
5 US Census Bureau, July 2012
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