Why Mobile Commerce Is Exploding
The explosive growth of mobile commerce has left many brands and retailers wondering how they can take advantage of this market.
As recently as late 2010, mobile commerce was only 3% of
e-commerce. By the end of last year's holiday shopping season, that number had risen to 11%, according to comScore.
That's approximately $18.6 billion in consumer spending - and that doesn't even include travel-related purchases, which comScore counts separately. Thanks in part to a new ecosystem of retail and shopping apps, mobile-generated retail spend could rise to 15% of retail e-commerce by the end of this year.
In full, BI Intelligence's report on Mobile Commerce:
- Examines the three main reasons why mobile commerce is exploding
- Digs deeper into the numbers underpinning the explosive growth
- Analyzes new mobile merchandising trends — merchandising being the art of selling people products they didn't know they wanted — like mobile catalogs and coupons - that are proving to be successful in driving mobile business
To access BI Intelligence's full reports on Mobile Commerce, sign up for a free trial subscription here.
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