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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

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