.

Along the Sound

Mobile Commerce Using Smartphones Could Quadruple to $31 Billion in Next Five Years

Forecast: Mobile Commerce to Quadruple

To $31 Billion in Next Five Years

 

Mobile commerce, or "mcommerce," has had a transformative impact on some businesses, including Amazon and eBay.

 

But for the vast majority of retail companies, mobile represents only a negible fraction of total sales, and it's likely to stay that way for the next half-decade, Mashable reports today.

 

But over the next five years, total mobile sales on smartphones are expected to grow 33 percent annually to $31 billion, making up nine percent of online sales in 2017, according to Forrester Research.

 

For more: http://www.trulia.com/blog/ken_allen/2013/01/the_allen_report_mobile_commerce_to_quadraple_in_next_five_years

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »