WASHINGTON, May 22, 2019 /PRNewswire/ -- Nearly all people (96%) have seen advertisements that reference their location, showcasing the widespread use of location tracking technology. This data comes from a new survey on location-based advertising by The Manifest, a business news and how-to website.
Only 15% of people rarely or never see ads that reference their location.
Businesses recognize the benefits of location-specific advertisements.
"By knowing their location, I can get to know what kind of facilities they might have, what kind of connections they might have, and what kind of access to systems they might have," said Sudeep Srivasta, CEO of AppInventiv, a mobile app development company in India. "Based on that, I can show them some offers, some coupons, some products."
Location tracking data does create more targeted advertising, though, and 80% of people are more likely to make a purchase when offered a personalized ad experience.
Still, when faced with the morality of ad personalization, only 17% say they find targeted advertising ethical.
Consumers may be willing to compromise on ethics for the benefits targeted advertising offers, though.
More Than One-Third of People Have Accidentally Shared Their Location
More than one-third of people (38%) have accidentally shared their location with someone and only realized it later. Of this group, almost half of people (46%) stopped sharing their location, but kept the app on their phone while 40% continued to share their location through the app.
Most people are not concerned with accidentally sharing their location because the benefits of the app outweigh the potential dangers of sharing their location with a stranger.
"I did realize once that I had continued to share my location with a friend long after we were done hanging out," said Liz Jeneault, vice president of marketing at Faveable.com, a product reviews site. "While this was a close friend…I made sure to turn off location sharing once I discovered it."
More Than Three-Quarters of People Use Geo-Tags on Social Media
Geo-tags are widely used, allowing people to mark their location on social media and share what they are doing with their friends.
More than three-quarters of people (79%) have used a geo-tag on a social media post to alert others to where they are or where a photo was taken.
This location information not only updates your followers, but also the social platform to where you are, which can increase targeted ad experiences. It can also pose security risks, though, since all your followers on social media know where you are and if you are away from home.
The Manifest's 2019 Location-Tracking Apps Survey included 727 people who use location-tracking apps from across the U.S.
Read the full report here: https://themanifest.com/app-development/location-tracking-mobile-apps
For more information on the findings, or an introduction to the industry experts included in the report, contact Emily Clark at [email protected].
About The Manifest
The Manifest is a business news and how-to website that compiles and analyzes practical business wisdom for innovators, entrepreneurs, and small and mid-market businesses. Use The Manifest as an approachable tour guide through every stage of the buyer journey. With three main offerings—data-driven benchmarks, step-by-step guides, and agency shortlists—The Manifest strives to make your business goals a reality.
SOURCE The Manifest