Location-Based Social Networks to Generate $3.3 Billion in 2013

According to a new report released to day by ABI Research today, location-based social networks will generate a whopping $3.3 billion in revenue by 2013. This comes from companies like GyPSii, Pelago and Loopt a few of the new location-based offerings that are now also available on the iPhone. While the report didn’t say it, the iPhone is a likely catalyst for the growth.