Location-Based Social Networks to Generate $3.3 Billion in 2013
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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.
As Dan Frommer at Silicon Alley Insider points out, “It’s hard to put much weight in pie-in-the-sky predictions like this: It’s one thing to take an existing market and plot out a growth chart.