Updated from 11:51 a.m. EDT to include company comment.
NEW YORK (TheStreet) -- Google
(GOOGL - Get Report) is expanding one of its most successful mobile advertising features -- location-based advertising -- to the desktop. Location-based, or geo-targeted, advertising shows users ads relevant to their location, such as a sale at a nearby retailer or lunch specials at a local restaurant, and has been integrated with Google's mobile ad strategy since its launch earlier this year.
"We're now enabling retailers to show store-exclusive products on desktop -- a feature so far limited to mobile," Google communications manager Anaik Weid told TheStreet. "We're also expanding local inventory ads internationally, beginning with the U.K., France, Germany, Japan and Australia."
Read More: How Facebook Is Eroding Google's Dominance in Online Advertising
Where mobile ads have normally seen a pared version of desktop strategy, Google is inversing that order by developing mobile features which can then be adapted to desktop. The shift comes as the world's largest search engine puts more of its resources into mobile strategy as it seeks to capitalize on a surge in advertising dollars to the platform.
Cisco estimates location-targeted mobile advertising
will account for $4.5 billion in 2014 and is expected to rise more than 122% to over $10 billion by 2017. Mobile advertising alone will grow 75.1% this year.
Read More: Facebook's Three Hurdles in Mobile Advertising
Google has been tinkering with its ad effectiveness as it faces the threat of dwindling market share. Over the past two years, Google's mobile ad revenue share
has dropped to under 50% as Facebook grabs a larger chunk
of the $31.5 billion market.
-- Written by Keris Alison Lahiff in New York.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts