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Report: Why mobile commerce is set to explode

A new report from BI Intelligence takes a close look at the dollar value potential of the mobile commerce market and the trends — mobile payments, purchases via tablet, and social-local-mobile marketing — that are rapidly moving the needle for m-commerce.

A few of the report’s findings are given below:

  • In the United States, 29 percent of mobile users have made a purchase with their phones.
  • In 2015, American and European shoppers will spend $67.1 billion on smartphone and tablet retail purchases, according to a Bank of America forecast.
  • Tablets drive more traffic to online retailers than smartphones, and tablet consumers spend more per transaction than PC-based shoppers.

The full report assesses the opportunity of mobile commerce:

  • Current size and growth rate of the market, and niches where mobile commerce has carved out a significant role
  • Mobile payments solutions as full-service shopping apps, not just transactional tools
  • Mobile marketing techniques, such as SoLoMo and gamification, that can help solve traditional commerce challenges
  • The m-commerce implications of Pinterest and mobile-native fashion apps

The full BI Intelligence Report on Mobile Commerce can be purchased online.

For more stories like this, visit the trends/statistics research center.