Online advertising research firm, The Kelsey Group, forecasts U.S. mobile search advertising revenues to grow from $39 million in 2008 to $2.3 billion by 2013, reflecting a compound annual growth rate of 125.6 percent.

Kelsey’s CEO, Neal Polacheck, says that a tenfold increase in the number of mobile Internet users over the next few years will drive the growth in ad revenues.

BIA/Kelsey will present its forecast during “Winning Media Strategies,” its first conference to focus on new media, to be held May 20-22, 2009 in Washington, D.C.

For more information visit BIA/Kelsey’s website

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