eBay has announced that PayPal will be its own, separate company from now on
PayPal is finally being spun off as an independent company. As mobile commerce continues to grow at a rapid pace, eBay has decided to separate itself from PayPal, allowing the company to march into the future on its own. PayPal has seen tremendous growth with the help of eBay, but the company may now be prepared to take its future in its own hands. There are also rumors concerning eBay’s future, which may end up intertwined with Chinese e-commerce giant Alibaba.
PayPal continues to see strong growth in the mobile sector
PayPal has seen strong growth this year already. The company’s payment volume grew by 29% over what it had been in June of 2013, reaching $55 billion in transactions processed. The company has established a strong foothold in the mobile commerce space, well ahead of other companies that were looking to do the same a few years ago. While PayPal has become one of the most popular names in the mobile payments field, the company is expected to see strong competition come from Apple, Google, and even Facebook. This time, however, it will not have the support of eBay.
Alibaba may seek to purchase eBay or PayPal
There are rumors that Alibaba, one of the largest e-commerce organizations in the world, will purchase eBay, or perhaps PayPal, within the near future. These rumors have little evidence to support their substance, but Alibaba has been known to purchase companies that have been competing with it in the digital commerce space. Whether or not eBay would agree to be acquired by Alibaba is little more than a matter of speculation currently.
Mobile payments market expected to reach $721 billion by 2017
The mobile payments market is expected to see significant growth over the next few years. A recent report from Gartner suggests that the market will reach $721 billion in valuation by the end of 2017. PayPal has a lot to gain from this growth, but the company will have to prove that it can be competitive with new mobile commerce services entering the global market.
Mind Commerce publishes new report on mobile opportunities
Mind Commerce, a leading market research and consulting firm focused on the mobile sector, has released a new study concerning the development emerging in the mobile device market and the trends seen in smart phones and tablet computing. Mobile devices have become an integral part of the lives of consumers all over the world. As these devices become more advanced, consumers are relying on them more heavily in their daily lives. The Mind Commerce study aims to shed some light on the trends that are emerging in the mobile field and how companies and consumers are responding to these trends.
Study draws upon information from wide range of reports
The study, titled “Wireless/Mobile Devices and Applications: Solutions and Market Opportunities,” highlights numerous trends that exist in the mobile market. The study itself is comprised of a wide variety of reports coming from Mind Commerce itself, as well as other sources. The study focuses on several sectors within the overarching mobile space and identifies some of the emerging trends therein that may represent significant opportunities for companies.
Mobile gaming and marketing highlighted in study
One of the aspects of the mobile space covered in the Mind Commerce report is mobile gaming. Mobile gaming is quickly becoming an integral part of the mobile experience. Gaming applications represent a major source of entertainment for consumers, many of whom are willing to spend significant amounts of money to get the kind of games they are interested in. Beyond mobile gaming, mobile marketing is seeing new trends emerge in location-based services offered through social media platforms, such as Facebook and Foursquare.
Professionals could benefit from information contained in study
The study from Mind Commerce offers a variety of information concerning these trends, much of which is targeted toward mobile network operators, mobile application developers, infrastructure providers, and mobile device manufacturers. This information could help these parties develop better strategies to engage consumers around the world by taking advantage of the trends that are emerging in the mobile space.
