Sales almost doubled over the holiday shopping season in 2014, when compared to the year before.
According to E-bit, a Brazilian e-commerce consultancy, sales that were made over mobile commerce in the country, during the Christmas shopping season, almost doubled in 2014 when compared to the figures that were produced during that same span of time in 2013.
From November 15 through December 24, there was an increase of 96 percent in m-commerce purchases.
The purchases made over mobile commerce represented 8.8 percent of the total online sales that were experienced in the country. Comparatively, in 2013, smartphone and tablet based shopping made up only 4.5 percent of the total online sales, during the same period of time. When it came to revenue, m-commerce also made up 8.8 percent of the total during the holiday shopping period. This represented an increase of 82 percent over the figure generated by the firm in 2013.
A considerable part of the growth in Brazil’s mobile commerce figures were the result of Black Friday’s sales.
E-bit reported that on that one day alone, there was a growth of 609 percent over m-commerce, when compared to Black Friday in 2013. The director of the firm, Pedro Guasti, said that “The share of mobile devices in virtual shopping is already nearing 9%. New entrants – those with no Internet access, as well as those with access from computers – are now migrating to smartphones and tablets”
Among the main drivers of the use of mobile devices for shopping purposes has been their rapid and growing penetration throughout the country. As more consumers own smartphones and tablets, it has caused the amount of marketing and selling targeting consumers using those gadgets to rise considerably. This was made clear, recently, by the panel at the São Paulo based Mobile+ Forum.
Equally, the instability of the broadband connections in Brazil have the potential to frustrate possible customers and have, according to the forum’s panelists, led shoppers to abandon their shopping carts before their transactions are complete. This will clearly be an important hurdle for mobile commerce to overcome if it is to continue it staggering growth rate in the country.