Other top challenges include keeping up with changes in the mobile market and supporting connectivity and technology challenges/updates.
In addition, most companies believe they can receive the funding necessary for their mobile strategy with little or no effort.
Available Funding for Mobile Offerings (% of Respondents) | |
Access to Funding | % of Respondents |
Available with reasonable effort | 80% |
Easy to fund | 10 |
Difficult to fund | 7 |
Declined to specify | 3 |
Source: Kony Solutions, September 2011 |
According to Raj Koneru, founder and CEO of Kony, "... as companies increasingly look to mobile... With
the rate at which the mobile landscape is evolving... it's vital... to choose a partner with capabilities across a multitude of devices and channels... to reach their full customer
base..."
While Android's open system has outpaced iPhone in consumer adoption, for the last several years, the urgency given to the iPhone has exceeded other operating systems. Last
year iPhone surpassed all other operating system priorities that companies felt the need to urgently support by nearly 15%. This year 38% of Fortune 500s claimed that the iPhone is their number one
priority operating system, with Android not far behind at 35%.
Top Priority Operating Systems | |
Mobile System | % of Respondents |
iPhone | 38 |
Android | 35 |
Blackberry | 18 |
Windows phone | 4 |
iPad | 2 |
WebOS | 1 |
Other | 2 |
Source: Kony Solutions, September 2011 |
With the diverse mobile market, brands have come to recognize the importance of reaching consumers not only across a variety of devices, but channels as well. Despite HTML5 mobile web standards gaining traction, mobile web and native apps still top the list in terms of corporate offering priorities, with nearly 30% planning a mobile website and 28% preparing to deploy a downloadable mobile application. SMS campaigns remain the lowest priority channel for brands at 18%.
Planned Mobile Offerings by Type | |
Mobile Offering | % of Respondents |
Mobile website | 29% |
Downloadable mobile app | 28 |
Tablets | 24 |
SMS | 18 |
Other | 1 |
Source: Kony Solutions, September 2011 |
Despite the mobile platform's increasing prominence for consumers as a banking, shopping and information gathering tool, only 10% of brands surveyed have fully deployed all aspects of their mobile offering, a decrease of 3% from 2010. Brands are unable to rapidly deploy full offerings to the range of devices, channels and variety of features and functions available.
71% are in the planning stage, or early stages of launching their mobile offerings. This is a 15% increase from the previous year's survey, further proof that brands have come to recognize the significant revenue opportunities that lie within the mobile market.
Mobile Offering For Prospects and Customers | |
Offering | % of Respondents |
Some launched with plans to do more | 71% |
Planning initial deployment | 14 |
All offerings fully deployed | 10 |
No plans to deploy | 5 |
Source: Kony Solutions, September 2011 |
Mobile continues to provide brands with opportunities for valuable touch-points with consumers, says the report. Store locators and rating systems help to keep customers in touch and in the loop with their favorite businesses. Other app features, such as coupons, give customers incentives to purchase and repurchase products, all while continuing to use a company's mobile application.
While consumers are expected to increasingly rely on mobile for retail purchasing, 32% of companies remain focused on leveraging mobile for marketing and providing information. Despite market expectations for mobile wallets to gain traction within the next year, only 2% of companies plan to provide mobile wallet capabilities.
Activities Planned to Provide With Mobile Offerings | |
Activity Anticipated | % of Respondents |
Marketing/Information | 32% |
Sales/Commerce | 29 |
Customer support/service | 27 |
Content | 4 |
Mobile payments | 2 |
News | 1 |
Other | 5 |
Source: Kony Solutions, September 2011 |
The report concludes by noting that there is undeniable potential for additional revenue streams, deepened brand loyalty and consumer engagement. However the pace at which the mobile market is developing makes it challenging for companies to not only connect with consumers across all devices and channels, but also develop comprehensive long-term strategies.
Please visit Kony here for a brief overview and access to the complete PDF report file.